XML 47 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
Banking Facilities and Debt (Details) - USD ($)
3 Months Ended 4 Months Ended 6 Months Ended
May. 07, 2015
Jun. 30, 2015
Mar. 31, 2015
Jun. 30, 2014
May. 06, 2015
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Banking facilities and other debt                
Paid off the outstanding Term loan and Draw term loan $ 15,400,000              
Summary of outstanding debt                
Total current installments of debt               $ 16,667,000
Interest rate swaps                
Banking facilities and other debt                
Additional interest expense   $ 300,000       $ 300,000    
Interest rate hedges                
Interest rate swap liabilities               700,000
Quarterly settlement payment pursuant to hedges 500,000   $ 200,000 $ 200,000     $ 500,000  
LIBOR                
Banking facilities and other debt                
Interest rate basis         LIBOR      
Lender's prime rate                
Banking facilities and other debt                
Interest rate basis         Lender's Prime Rate      
New Revolving Facility                
Banking facilities and other debt                
Maximum borrowing capacity $ 75,000,000              
Accordion feature period 4 years              
Maximum borrowing capacity accordion feature $ 50,000,000              
Letters of credit outstanding   $ 700,000       $ 700,000    
New Revolving Facility | Minimum                
Banking facilities and other debt                
Commitment fee (as a percent) 0.20%              
New Revolving Facility | Minimum | LIBOR                
Banking facilities and other debt                
Interest rate margin (as a percent) 1.00%              
New Revolving Facility | Minimum | Lender's prime rate                
Banking facilities and other debt                
Interest rate margin (as a percent) 0.00%              
New Revolving Facility | Maximum                
Banking facilities and other debt                
Commitment fee (as a percent) 0.35%              
New Revolving Facility | Maximum | LIBOR                
Banking facilities and other debt                
Interest rate margin (as a percent) 2.00%              
New Revolving Facility | Maximum | Lender's prime rate                
Banking facilities and other debt                
Interest rate margin (as a percent) 1.00%              
Term Loan                
Banking facilities and other debt                
Term         10 years      
Face amount of term loan         $ 40,000,000      
Quarterly principal payments         800,000      
Final principal payment         $ 10,000,000      
Summary of outstanding debt                
Total current installments of debt               10,000,000
Term Loan | LIBOR | Interest rate swaps                
Interest rate hedges                
LIBOR (as a percent)         4.695%      
Current interest rate (as a percent)         6.445%      
Draw Term Loan                
Banking facilities and other debt                
Term         10 years      
Face amount of term loan         $ 20,000,000      
Quarterly principal payments         400,000      
Final principal payment         $ 6,700,000      
Summary of outstanding debt                
Total current installments of debt               6,667,000
75% of the outstanding balance of the Draw Term Loan | Interest rate swaps                
Interest rate hedges                
Percentage of outstanding balance of debt hedged         75.00%      
75% of the outstanding balance of the Draw Term Loan | LIBOR | Interest rate swaps                
Interest rate hedges                
LIBOR (as a percent)         4.875%      
Current interest rate (as a percent)         6.625%      
25% of the outstanding balance of the Draw Term Loan | Interest rate swaps                
Interest rate hedges                
Percentage of outstanding balance of debt hedged         25.00%      
25% of the outstanding balance of the Draw Term Loan | LIBOR | Interest rate swaps                
Interest rate hedges                
LIBOR (as a percent)         5.50%      
Current interest rate (as a percent)         7.25%      
Revolving Facility                
Banking facilities and other debt                
Maximum borrowing capacity         $ 30,000,000      
Letters of credit outstanding               $ 700,000
Revolving Facility | Minimum                
Banking facilities and other debt                
Commitment fee (as a percent)         0.25%      
Revolving Facility | Minimum | LIBOR                
Banking facilities and other debt                
Interest rate margin (as a percent)         1.75%      
Revolving Facility | Minimum | Lender's prime rate                
Banking facilities and other debt                
Interest rate margin (as a percent)         0.00%      
Revolving Facility | Maximum                
Banking facilities and other debt                
Commitment fee (as a percent)         0.40%      
Revolving Facility | Maximum | LIBOR                
Banking facilities and other debt                
Interest rate margin (as a percent)         2.75%      
Revolving Facility | Maximum | Lender's prime rate                
Banking facilities and other debt                
Interest rate margin (as a percent)         1.00%