XML 77 R62.htm IDEA: XBRL DOCUMENT v2.4.0.8
CREDIT FACILITIES (Details Textual) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Sep. 30, 2013
Sep. 30, 2010
Jan. 18, 2013
Sep. 30, 2013
Amendment 2014 [Member]
Sep. 30, 2013
Subsequent Event [Member]
Third Amendment [Member]
Celmet Building Term Loan [Member]
Sep. 30, 2013
Second Amendment [Member]
Sep. 30, 2013
Term Loan A [Member]
Jan. 31, 2013
Term Loan A [Member]
Credit Agreement 2013 [Member]
Sep. 30, 2013
Term Loan A [Member]
Credit Agreement 2013 [Member]
Jan. 18, 2013
Term Loan A [Member]
Credit Agreement 2013 [Member]
Sep. 30, 2013
Term Loan B [Member]
Sep. 30, 2013
Term Loan B [Member]
Amendment 2014 [Member]
Jan. 31, 2013
Term Loan B [Member]
Credit Agreement 2013 [Member]
Jan. 18, 2013
Term Loan B [Member]
Credit Agreement 2013 [Member]
Dec. 31, 2010
Scb Term Loan [Member]
Credit Agreement 2010 [Member]
Sep. 30, 2013
Albuquerque Mortgage Loan [Member]
Amendment 2014 [Member]
Dec. 31, 2009
Albuquerque Mortgage Loan [Member]
Credit Agreement 2013 [Member]
Dec. 16, 2009
Albuquerque Mortgage Loan [Member]
Credit Agreement 2013 [Member]
Sep. 30, 2013
Albuquerque Mortgage Loan [Member]
Credit Agreement 2013 [Member]
Fourth Amendment [Member]
Dec. 31, 2009
Albuquerque Mortgage Loan [Member]
Credit Agreement 2010 [Member]
Dec. 16, 2009
Albuquerque Mortgage Loan [Member]
Credit Agreement 2010 [Member]
Sep. 30, 2013
Albuquerque Mortgage Loan [Member]
Amendment 2014 [Member]
Fourth Amendment [Member]
Sep. 30, 2013
Albuquerque Mortgage Loan [Member]
Maximum [Member]
Sep. 30, 2013
Albuquerque Mortgage Loan [Member]
Minimum [Member]
Sep. 30, 2013
Equipment Line Of Credit [Member]
Credit Agreement 2010 [Member]
Apr. 30, 2008
Energy Loan [Member]
Credit Agreement 2013 [Member]
Apr. 02, 2008
Energy Loan [Member]
Credit Agreement 2013 [Member]
Apr. 30, 2008
Energy Loan [Member]
Credit Agreement 2010 [Member]
Apr. 02, 2008
Energy Loan [Member]
Credit Agreement 2010 [Member]
Jun. 30, 2013
Seller Notes [Member]
May 31, 2008
Seller Notes [Member]
May 31, 2008
Seller Notes [Member]
Credit Agreement 2010 [Member]
Sep. 30, 2013
Revolving Credit Facility [Member]
Jan. 18, 2013
Revolving Credit Facility [Member]
Sep. 30, 2012
Revolving Credit Facility [Member]
Sep. 30, 2013
Revolving Credit Facility [Member]
Amendment 2014 [Member]
Jun. 30, 2013
Revolving Credit Facility [Member]
Fourth Amendment [Member]
Sep. 30, 2013
Revolving Credit Facility [Member]
Fourth Amendment [Member]
Sep. 30, 2013
Revolving Credit Facility [Member]
Credit Agreement 2013 [Member]
Sep. 30, 2012
Revolving Credit Facility [Member]
Credit Agreement 2013 [Member]
Sep. 30, 2013
Revolving Credit Facility [Member]
Credit Agreement 2010 [Member]
Sep. 30, 2013
Revolving Credit Facility [Member]
Amendment 2014 [Member]
Sep. 30, 2013
Revolving Credit Facility [Member]
Maximum [Member]
Sep. 30, 2013
Revolving Credit Facility [Member]
Minimum [Member]
Dec. 31, 2009
Albuquerque Term Loan [Member]
Credit Agreement 2010 [Member]
Dec. 16, 2009
Albuquerque Term Loan [Member]
Credit Agreement 2010 [Member]
Sep. 30, 2013
Celmet Term Loan [Member]
Credit Agreement 2010 [Member]
Jul. 30, 2010
Celmet Term Loan [Member]
Credit Agreement 2010 [Member]
Sep. 30, 2013
Albuquerque Industrial Revenue Bond [Member]
Credit Agreement 2010 [Member]
Line of Credit Facility, Revolving Credit Conversion to Term Loan                                                                   $ 8,900,000                              
Line of Credit Facility, Amount Outstanding     3,700,000                                                                                            
Line of Credit Facility, Current Borrowing Capacity                                                                                     20,000,000            
Prepayment Percentage Of Annual Excess Cash Flow   50.00%                                                                                              
Revolving Credit Facility Description                                                                             Up to $20 million is available through January 18, 2016. The Company may borrow up to the lesser of (i) 85% of eligible receivables plus 35% of eligible inventories or (ii) $20 million. At IEC's election, another 35% of eligible inventories may be included in the borrowing base for limited periods of time during which a higher rate of interest is charged on the Revolver. Borrowings based on inventory balances are further limited to a cap of $3.75 million, or when subject to the higher percentage limit, $4.75 million. At September 30, 2013, the upper limit on Revolver borrowings was $20.0 million. Average available balances amounted to $12.8 million and $12.9 million during the years ended September 30, 2013 and 2012, respectively.   Up to $20.0 million was available through December 17, 2013. The Company could borrow up to the lesser of (i) 85% of eligible receivables plus 35% of eligible inventories or (ii) $20.0 million. At IEC's election, another 35% of eligible inventories would be included in the borrowing base for limited periods of time during which a higher rate of interest would be charged on the Revolver. Borrowings based on inventory balances were further limited to a cap of $3.75 million, or when subject to the higher percentage limit, $4.75 million.                
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage                                                                       0.50%             0.50% 0.125%          
Credit Agreement, Term Loan                   10,000,000       14,000,000 20,000,000     4,000,000     4,000,000           200,000   200,000                                 5,000,000   2,000,000  
Line Of Credit Repayment Monthly Installments               108 monthly installments         120 monthly installments   60 equal monthly installments   monthly installments     60 monthly installments           60 equal monthly installments   60 equal monthly installments                                 60 equal monthly installments   60 equal monthly installments    
Line of Credit Facility, Periodic Payment, Principal               93,000         117,000       22,000     22,000                                                          
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate                     2.50%     2.50%                         2.08%   2.08%                                        
Notes Payable                                                               3,800,000                                  
Debt Instrument, Periodic Payment                                                               160,000                                  
Debt Instrument, Interest Rate, Stated Percentage                 3.98%     3.25%       4.50%           4.50% 3.75% 2.25%           3.00% 4.00%   4.25% [1],[2]   3.00% [1]             4.25%              
Debt Instrument, Face Amount         1,300,000   10,000,000       14,000,000                                                                            
Debt Instrument, Maturity Date             Feb. 01, 2022       Feb. 01, 2023                                           Jan. 18, 2016 [1]                                
Debt Instrument, Extended Maturity Date                                       December 16, 2014 to February 1, 2018                                                          
Debt Instrument, Periodic Payment, Principal             93,000       117,000                 22,000                                                          
Line of Credit Facility, Commitment Fee Amount                                                                             36,000 33,000                  
Line of Credit Facility, Borrowing Capacity, Description                                                                 the maximum available principal amount of the lesser of $20.0 million or the amount available under the borrowing base (the formula for which, and interest rate surcharge applicable to optional over-base advances, remains unchanged),                                
Dividends and Stock Repurchases Maximum Limit 3,500,000                                                                                                
Debt Instrument, Interest Rate, Effective Percentage                           3.82%                                                                      
Increase In Effective Rate Of Loans 0.75%                                                                                                
Increase In Unused Commitment Fee 0.375%                                                                                                
Business Acquisition Purchase Price Allocation Liabilities Assumed1                                                                                                 100,000
Maximum Legal And Accounting Fees Associated With The Restatement 1,100,000                                                                                                
Line Of Credit Facility Increase In Interest Rate           0.25%                                                                                      
Revolving Credit Payments                                                                 $ 11,300,000                                
Debt Instrument, Description of Variable Rate Basis       The 2014 Amendment modified the unused fee to a fixed rate of 0.50% until December 13, 2014. Thereafter, the unused fee will revert back to the fee range defined in the Second 2013 Amendment provided that the Company is compliant with all the covenants. If however, the Company is non-compliant with any of the covenants the unused fee will remain at the fixed rate of 0.50% until the Company has become compliant with all the covenants;                             Modification of the interest rate applicable to the Albuquerque Mortgage Loan from (i) a range on the applicable quarterly adjustment date of 2.50% to 3.75% above Libor based upon the Companys then Debt to EBITDARS Ratio (ranging from 1.75:1.00 or less to 3.25:1.00 or greater), to (ii) a range on the applicable quarterly adjustment date of 2.00% to 3.25% above Libor based upon the Companys then Debt to EBITDARS Ratio (ranging from 0.75:1.00 or less to 2.75:1.00 or greater). The Second 2013 Amendment modified the interest rate to a range on the applicable quarterly adjustment date of 2.25% to 3.75% above Libor based upon the Companys then Debt to EBITDARS Ratio (ranging from 1.25:1.00 or less to 3.25:1.00 or greater). The 2014 Amendment modified the applicable margin to 4.50% until December 13, 2014. Thereafter, the applicable margin will revert back to the rate range defined in the Second 2013 Amendment provided that the Company is compliant with all the covenants. If however, the Company is non-compliant with any of the covenants the applicable margin will remain at the fixed rate of 4.50% until the Company has become compliant with all the covenants                                   (i) a range on the applicable quarterly adjustment date of 2.25% to 3.50% above Libor based upon the Companys then Debt to EBITDARS Ratio (ranging from 1.75:1.00 or less to 3.25:1.00 or greater), to (ii) a range on the applicable quarterly adjustment date of 1.75% to 3.00% above Libor based upon the Companys then Debt to EBITDARS Ratio (ranging from 0.75:1.00 or less to 2.75:1.00 or greater). The Second 2013 Amendment modified the interest rate to a range on the applicable quarterly adjustment date of 2.00% to 3.50% above Libor based upon the Companys then Debt to EBITDARS Ratio (ranging from 1.25:1.00 or less to 3.25:1.00 or greater). The 2014 Amendment modified the applicable margin to 4.25% until December 13, 2014. Thereafter, the applicable margin will revert back to the rate range defined in the Second 2013 Amendment provided that the Company is compliant with all the covenants. If however, the Company is non-compliant with any of the covenants the interest rate will remain at the fixed rate of 4.25% until the Company has become compliant with all the covenants (i) a range on the applicable quarterly adjustment date of 0.125% to 0.500% based upon the Companys then ratio of Debt to EBITDARS (ranging from 1.75:1.00 or less to 3.25:1.00 or greater), to (ii) a range on the applicable quarterly adjustment date of 0.125% to 0.500% based upon the Companys then ratio of Debt to EBITDARS (ranging from 0.75:1.00 or less to 2.75:1.00 or greater). The Second 2013 Amendment modified the unused fee to a range on the applicable quarterly adjustment date of 0.250% to 0.500% based upon the Companys then Debt to EBITDARS Ratio (ranging from 1.25:1.00 or less to 3.25:1.00 or greater). The 2014 Amendment modified the unused fee to a fixed rate of 0.50% until December 13, 2014. Thereafter, the unused fee will revert back to the fee range defined in the Second 2013 Amendment provided that the Company is compliant with all the covenants. If however, the Company is non-compliant with any of the covenants the unused fee will remain at the fixed rate of 0.50% until the Company has become compliant with all the covenants                      
Line of Credit Facility, Description                                                 Up to $1.5 million, reduced by outstanding loans, was available through December 17, 2013. The line was available for purchases of capital equipment. Borrowings under the line were supported by individual notes that specify interest and principal repayment terms. The Company had the option to select whether the interest rate was fixed or variable. Equal payments of principal were being made over 48 months for two of the loans and over 60 months for one loan. These loans were paid off during January 2013.                                                
Derivative, Fixed Interest Rate     1.32%                     1.32%                                                                      
[1] Sale-leaseback agreement with M&T is accounted for as an operating lease, and therefore is not included above for September 30, 2012. The lease terminated during the third quarter of fiscal 2013.
[2] Rates noted above are before impact of interest rate swap.