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Accounts Receivable Factoring
9 Months Ended
Sep. 30, 2014
Receivables [Abstract]  
Accounts Receivable Factoring
Accounts Receivable Factoring
    
The Company's Italian subsidiary has agreements with unrelated third-parties for the factoring of specific accounts receivable in Italy in order to reduce the amount of working capital required to fund such receivables. At September 30, 2014, Tecnonet's factoring facility agreements permitted the factoring of up to €15.0 million, or $19.0 million, worth of receivables outside of the United States. The factoring of accounts receivable under these agreements is accounted for as a sale in accordance with ASC 860 Transfers and Servicing. The Company has no retained interests or servicing liabilities related to the accounts receivable that have been sold in Italy.
    
At September 30, 2014, and December 31, 2013, the face amount of total outstanding accounts receivable pursuant to these agreements was $18.2 million and $17.2 million, respectively. Receivables transferred to the factor are derecognized at the date of sale and the proceeds are recorded at fair value. Proceeds consist of a receivable due from the factor. Cash received from the factor is recorded as a reduction of the receivable due from the factor. The related outstanding balances due from the factor were $14.9 million and $7.7 million as of September 30, 2014, and December 31, 2013, respectively, and are included in other receivables on the accompanying balance sheets. The related losses on sale were $0.1 million and $0.1 million for the three months ended September 30, 2014, and September 30, 2013, respectively and $0.2 million and $0.2 million for the nine months ended September 30, 2014, and September 30, 2013, respectively and are included in interest expense on the accompanying consolidated statements of operations.