DEBT (Tables)

9 Months Ended

Sep. 30, 2016

DEBT [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following as of September 30, 2016 and December 31, 2015 (amounts in thousands):

	September 30, 2016			December 31, 2015
Revolving loans payable	$	18,203		$	23,969
Second Lien existing term loan - convertible		26,285			24,713
Second Lien 3rd & 4th amendment term loan		6,616			-
Debt issuance costs		(3,806	)		(2,135	)
Total debt		47,298			46,547
Less revolving loans payable, classified as current		(18,203	)		(23,969	)
Less current maturities		(6,616	)		(1,800	)
Less current debt issuance costs		1,963			657
Long-term debt	$	24,442		$	21,435

Schedule of Line of Credit Facility Forbearance Fees Amounts

The Company agreed to pay BMO the following fees in the event that all borrowings under the BMO Credit Agreement have not been paid in full on or before the following dates.

October 4, 2016	$	50,000
November 3, 2016	$	100,000
December 3, 2016	$	150,000
January 2, 2017	$	200,000
February 5, 2017	$	200,000
Each thirty day interval after February 5, 2017	$	200,000

Scheduled Maturities of Capital Lease Obligation

Aggregate remaining scheduled maturities of the capital lease obligation as of September 30, 2016 are as follows (amounts in thousands):

Capital Lease
Three months ended December 31, 2016	$	17
Year ended December 31, 2017		106
Year ended December 31, 2018		106
Year ended December 31, 2019		106
Year ended December 31, 2020		106
Thereafter		7
Amount representing interest payments		(41	)
Total capital lease obligation	$	407