Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details)

v3.19.2
DEBT (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Sep. 19, 2019
USD ($)
Oct. 11, 2018
USD ($)
Sep. 18, 2018
USD ($)
Jun. 30, 2017
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Debt                  
Short-term borrowings         $ 3,642,000   $ 3,642,000   $ 3,274,000
Loan term (in years)   3 years              
Current portion of term loan         700,000   700,000   525,000
Current debt         4,342,000   4,342,000   3,799,000
Unamortized deferred financing fees         (1,755,000)   (1,755,000)   (2,063,000)
Long-term debt, net         32,818,000   32,818,000   32,978,000
Total         37,160,000   37,160,000   36,777,000
Amortization of deferred financing costs         154,000 $ 163,000 308,000 $ 219,000  
New Centre Lane Facility                  
Debt                  
Loan term (in years)     4 years            
Term loan     $ 35,000,000   34,037,000   34,037,000   34,387,000
Term loan, annual administrative fee     $ 25,000            
Percentage of voting equity interests of domestic subsidiaries and certain specified foreign subsidiaries     100.00%            
Percentage of voting equity interests of other directly owned foreign subsidiaries, subject to customary exceptions     65.00%            
Prepayment of aggregate principal amount, as percentage of excess cash flow     75.00%            
Threshold business days     5            
Threshold consecutive days     90 days            
Term loan, mandatory prepayment     $ 500,000            
Current portion of term loan         700,000   700,000   525,000
Unamortized deferred financing fees         (1,219,000)   (1,219,000)   (1,409,000)
Long-term debt, net         $ 32,818,000   $ 32,818,000   32,978,000
Interest rate on letters of credit issued under the revolving letter of credit sublimit         12.50%   12.50%    
Amortization of deferred financing costs         $ 95,000   $ 190,000    
New Centre Lane Facility | December 31, 2018 to June 30, 2019                  
Debt                  
Percentage of principal amount must repay     0.25%            
New Centre Lane Facility | September 30, 2019                  
Debt                  
Percentage of principal amount must repay     0.50%            
New Centre Lane Facility | Minimum                  
Debt                  
Term loan, periodic principal repayment $ 1,000,000                
New Centre Lane Facility | Payment In Cash | LIBOR-based loans                  
Debt                  
Term loan, interest rate     10.00%            
New Centre Lane Facility | Payment In Cash | LIBOR-based loans | Minimum                  
Debt                  
Interest rate percentage     2.50%            
Initial Centre Lane Term Facility                  
Debt                  
Loan term (in years)       4 years 6 months          
Amortization of deferred financing costs           $ 163,000   $ 219,000  
Payment and performance surety bonds                  
Debt                  
Outstanding surety bond         67,900,000   67,900,000   51,100,000
Secured asset based revolving credit facility | Midcap Financial Trust                  
Debt                  
Maximum borrowing capacity   $ 15,000,000              
Short-term borrowings         3,642,000   3,642,000   3,274,000
Outstanding non-cash collateralized letters of credit         3,300,000   3,300,000    
Available borrowings         4,600,000   $ 4,600,000    
Unused line fee (as a percent)             0.50%    
Loan term (in years)   3 years              
Borrowing availability against eligible accounts receivable (as a percentage)   85.00%              
Term loan, interest rate   6.00%              
Term loan, periodic principal repayment   $ 100,000              
Amounts drawn upon letters of credit         0   $ 0    
Amortization of deferred financing costs         59,000   118,000    
Minimum casualty proceeds for repayment on occurrence of certain events   $ 25,000              
Period prior to maturity for prepayment rate (in days)   90 days              
Prepayment rate if termination occurs in first year   2.00%              
Prepayment rate if termination occurs in second year   1.50%              
Prepayment rate if termination occurs in last nine months   1.00%              
Secured asset based revolving credit facility | Midcap Financial Trust | Threshold One                  
Debt                  
Borrowing availability against eligible costs and estimated earnings in excess of billings, after certain customary exclusions and reserves (as a percentage)   80.00%              
Secured asset based revolving credit facility | Midcap Financial Trust | Threshold Two                  
Debt                  
The line of credit facility maximum borrowing available, after customary exclusions and reserves   $ 1,000,000              
Secured asset based revolving credit facility | Midcap Financial Trust | Maximum                  
Debt                  
Non-cash collateralized letters of credit   $ 6,000,000              
Secured asset based revolving credit facility | Midcap Financial Trust | LIBOR-based loans | Minimum                  
Debt                  
Interest rate percentage   1.00%              
Secured asset based revolving credit facility | Midcap Financial Trust | LIBOR-based loans | Maximum                  
Debt                  
Interest rate percentage   6.00%              
Secured asset based revolving credit facility | Midcap Financial Trust | Payment In Cash | LIBOR-based loans                  
Debt                  
Term loan, interest rate   6.00%              
September 19, 2019 to September 18, 2021 | New Centre Lane Facility                  
Debt                  
Prepayment premium, percentage     1.00%            
After September 18, 2021 | New Centre Lane Facility                  
Debt                  
Prepayment premium, percentage     0.00%            
Other Noncurrent Assets | Secured asset based revolving credit facility | Midcap Financial Trust                  
Debt                  
Unamortized deferred financing fees         (536,000)   (536,000)   (654,000)
Long-term debt, net | Initial Centre Lane Term Facility                  
Debt                  
Unamortized deferred financing fees         $ (1,219,000)   $ (1,219,000)   $ (1,409,000)