Quarterly report pursuant to Section 13 or 15(d)

DEBT (Details)

v3.20.1
DEBT (Details)
3 Months Ended 15 Months Ended
Jan. 14, 2021
Jan. 13, 2020
USD ($)
Sep. 19, 2019
USD ($)
Oct. 11, 2018
USD ($)
Sep. 18, 2018
USD ($)
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Mar. 31, 2020
USD ($)
item
Dec. 31, 2019
USD ($)
Debt                  
Short-term borrowings           $ 6,397,000   $ 6,397,000 $ 10,849,000
Loan term (in years)       3 years          
General and administrative expenses           6,200,000 $ 4,762,000    
Current portion of term loan           875,000   875,000 700,000
Unamortized deferred financing fees           (1,591,000)   (1,591,000) (1,448,000)
Long-term debt, net           32,418,000   $ 32,418,000 32,658,000
Amortization of deferred financing costs           182,000 154,000    
Number of financial covenants | item               4  
Restricted Cash and Cash Equivalents, Current           $ 468,000   $ 468,000 468,000
New Centre Lane Facility                  
Debt                  
Loan term (in years)         4 years        
Term loan         $ 35,000,000        
Term loan, annual administrative fee         $ 25,000        
Percentage of voting equity interests of domestic subsidiaries and certain specified foreign subsidiaries         100.00%        
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        
Interest rate on letters of credit issued under the revolving letter of credit sublimit           12.50%   12.50%  
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%        
Revolving Credit Facility                  
Debt                  
Current debt           $ 7,272,000   $ 7,272,000 11,549,000
Unamortized deferred financing fees           (1,095,000)   (1,095,000) (1,029,000)
Long-term debt, net           32,418,000   32,418,000 32,658,000
Total debt, net           39,690,000   39,690,000 44,207,000
Amortization of deferred financing costs           182,000 154,000    
Scheduled maturities of the New Centre Lane Facility                  
Total debt, net           39,690,000   39,690,000 44,207,000
Revolving Credit Facility | New Centre Lane Facility                  
Debt                  
Term loan           33,513,000   33,513,000 33,687,000
Current portion of term loan           875,000   875,000 700,000
Revolving Credit Facility | Midcap Financial Trust                  
Debt                  
Maximum borrowing capacity       $ 15,000,000          
Short-term borrowings           $ 6,397,000   6,397,000 10,849,000
Letter of credit fee (as a percent)           6.00%      
Amortization of deferred financing costs           $ 72,000 59,000    
Unused line fee           $ 0.5      
Revolving Credit Facility | Midcap Financial Trust | LIBOR-based loans                  
Debt                  
Current interest rate (as a percent)           6.00%      
Revolving Credit Facility | Midcap Financial Trust | LIBOR-based loans | Minimum                  
Debt                  
Interest rate percentage           1.00%      
Non Cash Collateralized Letters Of Credit | Midcap Financial Trust                  
Debt                  
Non-cash collateralized letters of credit           $ 6,000,000   6,000,000  
Outstanding non-cash collateralized letters of credit           $ 900,000   $ 900,000 1,800,000
Term loan, interest rate           6.00%   6.00%  
Outstanding letters of credit           $ 0   $ 0  
Secured asset based revolving credit facility | Midcap Financial Trust                  
Debt                  
Available borrowings           5,500,000   5,500,000  
Borrowing availability against eligible accounts receivable (as a percentage)       85.00%          
Term loan, periodic principal repayment       $ 100,000          
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 two year       2.00%          
Prepayment rate if termination occurs in third year       1.50%          
Prepayment rate if termination occurs after year three       1.00%          
Secured asset based revolving credit facility | Midcap Financial Trust | Maximum                  
Debt                  
Non-cash collateralized letters of credit       $ 6,000,000          
Third Amendment to the MidCap Facility [Member] | Midcap Financial Trust                  
Debt                  
Maximum borrowing capacity   $ 25,000,000              
Amendment fee   150,000              
Cash Collateral Amount In Line Of Credit Terms   2,500,000              
Increase in maximum available principal amount   $ 10,000,000              
Payment and performance surety bonds                  
Debt                  
Outstanding surety bond           59,900,000   59,900,000 59,300,000
New Centre Lane Facility | New Centre Lane Facility                  
Debt                  
Amortization of deferred financing costs           110,000 $ 95,000    
Third Amendment to Centre Lane Agreement | New Centre Lane Facility                  
Debt                  
General and administrative expenses           200,000      
Prepayment premium, beginning on January 13, 2020 (as a percent)   2.00%              
Third Amendment to Centre Lane Agreement | New Centre Lane Facility | Subsequent Event                  
Debt                  
Prepayment premium, beginning January 14, 2021 and thereafter (as a percent) 1.00%                
January 13, 2020 to January 13, 2021 | New Centre Lane Facility                  
Debt                  
Prepayment premium, percentage         2.00%        
January 14, 2021 to January 13, 2022 | New Centre Lane Facility                  
Debt                  
Prepayment premium, percentage         1.00%        
After January 13, 2022 | New Centre Lane Facility                  
Debt                  
Prepayment premium, percentage         0.00%        
December 31, 2018 to June 30, 2019 | New Centre Lane Facility                  
Debt                  
Percentage of principal amount must repay         0.25%        
September 30, 2019 | New Centre Lane Facility                  
Debt                  
Percentage of principal amount must repay         0.50%        
Threshold One | Secured asset based revolving credit facility | Midcap Financial Trust                  
Debt                  
Borrowing availability against eligible costs and estimated earnings in excess of billings, after certain customary exclusions and reserves (as a percentage)       80.00%          
Threshold Two | Secured asset based revolving credit facility | Midcap Financial Trust                  
Debt                  
The line of credit facility maximum borrowing available, after customary exclusions and reserves       $ 1,000,000          
Other Noncurrent Assets | Revolving Credit Facility | Midcap Financial Trust                  
Debt                  
Unamortized deferred financing fees           (496,000)   (496,000) (419,000)
Long-term debt, net | New Centre Lane Facility | New Centre Lane Facility                  
Debt                  
Unamortized deferred financing fees           $ (1,095,000)   $ (1,095,000) $ (1,029,000)