Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.6.0.2
Debt (Tables)
 9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Summary of Revolver Based upon Borrowers' Eligible Accounts Receivable and Inventory

The availability under the Revolver is based upon the Borrowers’ eligible accounts receivable and eligible inventory and is comprised as follows (in thousands):

 

     September 30,      December 31,  
     2016      2015  

Revolver:

      

Gross Availability

    $ 10,000       $ 10,000   

Outstanding Draws

      (5,267 )       —     

Letter of Credit

      —           (81 ) 

Landlord Reserves

      (45 )       (37 ) 
  

 

 

     

 

 

  

Availability on Revolver

    $ 4,688       $ 9,882   
  

 

 

     

 

 

  
Summary of Future Maturities of Loans and Capital Leases

The Company had approximate future maturities of loans and capital leases as of September 30, 2016 as follows (in thousands):

 

     2016     2017     2018     2019     2020     Total  

Term Loan A (a)

    $ —        $ 3,860      $ 3,860      $ 3,860      $ 9,630      $ 21,210   

Term Loan B

      454        908        1,136        1,136        2,261        5,895   

Unamortized value of the debt issuance costs (b)

      (9 )      (31 )      (31 )      (31 )      (8 )      (110 ) 

Revolver

      —          —          —          —          5,267        5,267   

Capital Leases

      866        2,938        1,757        547        269        6,377   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $ 1,311      $ 7,675      $ 6,722      $ 5,512      $ 17,419      $ 38,639   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) The Company has prepaid its Term Loan A principal payment due on December 31, 2016, representing a total prepayment of $965
(b) Includes the reclassification of the debt issuance costs as a result of the Company adopting ASU 2015-03 (see Note 11)
Summary of Company's Current and Long-Term Debt (Including Capital Leases)

The following is a breakdown of the Company’s current and long-term debt (including capital leases) as of September 30, 2016 and December 31, 2015 (in thousands):

 

September 30, 2016

    

December 31, 2015

  
    Current
Portion of
Long-Term
Debt		     Long-Term
Debt		     Total         Current
Portion of
Long-
Term Debt		     Long-Term
Debt		     Total  

Term Loans

   $ 4,030      $ 23,075      $ 27,105     

Term Loans

   $ 1,873      $ 26,651      $ 28,524   

Unamortized value of the debt issuance costs (a)

   $ —        $ (110 )      (110 )   

Unamortized value of the debt issuance costs (a)

   $ —        $ (134 )      (134 ) 

Revolver

     —          5,267        5,267     

Revolver

     —          —          —     

Capital Leases

     3,253        3,124        6,377     

Capital Leases

     3,187        3,233        6,420   
 

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

 

  

Total

   $ 7,283      $ 31,356      $ 38,639     

Total

   $ 5,060      $ 29,750      $ 34,810   
 

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

 

  

 

(a) Includes the reclassification of the debt issuance costs as a result of the Company adopting ASU 2015-03 (see Note 11)