XML 48 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Long-Term debt (Details Narrative)
$ in Thousands
3 Months Ended 9 Months Ended 38 Months Ended 48 Months Ended
Sep. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
Aug. 07, 2022
Jul. 24, 2015
USD ($)
Jan. 30, 2015
USD ($)
Aug. 07, 2014
USD ($)
Mortgage interest description   5.6% to 7.9% mortgage notes due in installments through 2027   5.6% to 7.9% mortgage notes due in installments through 2027            
Capitalized interest $ 210   $ 382 $ 812 $ 864          
RiverFront construction loan 60,881 $ 0   60,881   $ 60,881        
RiverFront EB5 secondary financing $ 17,000 $ 0   $ 17,000   $ 17,000        
First Tennessee bank Term Loan                    
Credit Agreement term years 10     10   10        
Term loan facility $ 20,000     $ 20,000   $ 20,000        
Dock 79 Construction loan                    
RiverFront construction loan                   $ 65,000
Interest rate over LIBOR                   2.35%
Extension term description           one extension period of four years        
Debt service ratio             debt service ratio of not less than 1.25 to 1.00 during the Extension Term      
Dock 79 EB5 Financing                    
RiverFront EB5 secondary financing                   $ 17,000
Interest rate to year five                   4.95%
Interest rate greater than five years                   8.00%
Extension term description           additional twelve months        
Repay or Redeem           Dock 79 is required to repay or redeem EB5's membership interest for a purchase price equal to the sum of the balance of the EB5's contribution account, plus any accrued by unpaid investment return sixty months after the initial capital contribution, unless extended for an additional twelve months in accordance with the agreement.        
Wells Fargo Bank, N.A.                    
Credit Agreement term years                 5  
Revolving Credit Agreement                 $ 20,000  
Sublimit for standby letters of credit                 $ 10,000  
Letters of credit issued 2,266     2,266   $ 2,266        
Borrowed under the revolver 5,687     5,687   5,687        
Available for borrowing 12,047     12,047   12,047        
Tangible net worth covenant 110,000     110,000   110,000        
Available to pay dividends or repurchase stock 77,500     $ 77,500   77,500        
Revolver interest over LIBOR       1.4%            
Commitment fee       0.15%            
Compliance with Covenants       all            
First Tennessee Bank                    
Credit Agreement term years               5    
Revolving Credit Agreement               $ 20,000    
Revolver conversion to term loan       24 month window to convert up to the full amount of the facility into a ten year term loan            
Borrowed under the revolver 753     $ 753   753        
Available for borrowing $ 19,247     $ 19,247   $ 19,247        
Revolver interest over LIBOR       1.9%            
Commitment fee       0.10%