XML 59 R45.htm IDEA: XBRL DOCUMENT v3.6.0.2
BUSINESS Description of Business (Details) - USD ($)
Mar. 14, 2017
Jan. 26, 2017
Feb. 26, 2016
Dec. 31, 2016
Dec. 31, 2015
Jun. 15, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash and Cash Equivalents, at Carrying Value       $ 44,948,000 $ 17,902,000   $ 25,056,000 $ 48,203,000
Estimated Increase in Liquidity, Net     $ 70,000,000          
Cerberus Business Finance LLC [Member]                
Debt Instrument, Covenant Description     The Financing Agreement contains customary representations and warranties, covenants, mandatory prepayments, and events of default under which the Company’s payment obligations may be accelerated.  The Financing Agreement includes covenants requiring the Company to maintain a Leverage Ratio (defined as the ratio of (a) consolidated total funded indebtedness to (b) consolidated EBITDA) of no greater than 4.35:1.00 for the four quarters ending June 30, 2016, 5.40:1.00 for the four quarters ending September 30, 2016, 4.20:1.00 for the four quarters ending December 31, 2016 and thereafter declining over time from 3.50:1.00 to 2.50:1.00.  The Financing Agreement also restricts the Company from making capital expenditures in excess of $20 million in any fiscal year. As of December 31, 2016 the Company was in compliance with these covenants.           
Line of Credit, Interest Rate Terms     Interest accrues on outstanding borrowings under the Credit Facility and the Term Loan at a rate of either the LIBOR Rate (as defined in the Financing Agreement) plus 6.75% or a Reference Rate (as defined in the Financing Agreement) plus 5.75%, at the option of the Company. The Company must also pay to the Lenders, on a monthly basis, an unused line fee at a rate of 0.5% per annum.          
Long-term Debt [Member] | Cerberus Business Finance LLC [Member]                
Long-term Debt, Gross     $ 100,000,000          
Line of Credit [Member] | Cerberus Business Finance LLC [Member]                
Line of Credit Facility, Maximum Borrowing Capacity     5,000,000          
Line of Credit [Member] | KeyBank National Association [Member]                
Line of Credit Facility, Maximum Borrowing Capacity     $ 35,000,000          
Convertible Debt [Member]                
Long-term Debt, Gross       $ 125,000,000   $ 125,000,000    
Debt Instrument, Interest Rate, Stated Percentage           2.00%    
Subsequent Event [Member] | Cerberus Business Finance LLC [Member]                
Debt Instrument, Covenant Description On March 14, 2017 (the “Effective Date”), the Company entered into an amendment (the “Amendment”) to its existing Financing Agreement, dated February 26, 2016, with the lenders party thereto. The Amendment modifies the covenant requiring the Company to maintain a Leverage Ratio (defined to mean the ratio of (a) consolidated total funded indebtedness to (b) consolidated EBITDA) such that following the Effective Date, the Company is required to keep a Leverage Ratio of no greater than 3.50:1.00 for the four quarters ending March 31, 2017, 4.20:1.00 for the four quarters ending June 30, 2017, 4.75:1.00 for the four quarters ending September 30, 2017, 4.80:1.00 for the four quarters ending December 31, 2017, 4:40:1 for each of the four quarters ending March 31, 2018 through March 31, 2019, respectively, and thereafter declining over time from 3.50:1.00 to 2.50:1.00.              
Line of Credit, Interest Rate Terms Following the Effective Date, interest accrues on outstanding borrowings under the credit facility and the term loan (each as defined in the Financing Agreement) at a rate of either the LIBOR Rate (as defined in the Financing Agreement) plus 7.25% or a Reference Rate (as defined in the Financing Agreement) plus 6.25%, at the option of the Company.              
Beijing Jetsen Securities Purchase Agreement [Member] | Subsequent Event [Member]                
Percentage of Shares Outstanding Purchased - Minimum   5.00%            
Percentage of Shares Outstanding Purchased - Maximum   9.90%            
Proceeds from Issuance of Common Stock   $ 18,160,000            
Beijing Jetsen Distribution Agreement [Member] | Subsequent Event [Member]                
Distribution Agreement Value   $ 75,800,000