Long-Term Debt, Interest Rate Swap and Capitalized Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Long Term Debt

Long-term debt consists of the following:

	December 31,
	2017				2016
Mortgage loan with a syndicate of banks; payable monthly, interest at 4.0% above LIBOR, a portion of which is fixed at 5.79% based on the interest rate swap described below.	$	64,567,000			$	58,792,000
Acquisition loan with Canadian Imperial Bank of Commerce, interest at 4.75% above LIBOR.	7,500,000				6,289,000
Revolving credit facility borrowings payable to a bank; secured by receivables of the Company; interest at 4.0% above LIBOR.	16,000,000				15,000,000
Loan to finance equipment	40,000			—	—
	88,107,000				80,081,000
Less current portion	(13,065,000		)		(7,715,000		)
	75,042,000				72,366,000
Less deferred financing costs, net	(1,884,000		)		(2,273,000		)
Plus capitalized lease obligations	1,445,000				2,052,000
Long-term debt	$	74,603,000			$	72,145,000

Schedule of Deferred Financing Costs

In connection with the Company's 2017 and 2016 financing agreements, the Company recorded the following deferred loan costs related to the new financing agreements as a reduction of the debt balances discussed above:

	2017		2016
Write-off of deferred financing costs	$	—	$	351,000
Deferred financing costs capitalized	$	195,000	$	2,162,000

Scheduled Principal Payments of Long-term Debt

Scheduled principal payments of long-term debt are as follows:

2018	$	11,902,000
2019	9,463,000
2020	8,052,000
2021	58,690,000
Total	$	88,107,000

Scheduled Payments of Capitalized Lease Obligations

Scheduled payments of the capitalized lease obligations are as follows:

2018	$	1,211,000
2019	289,000
Total	1,500,000
Amounts related to interest	(55,000		)
Principal payments on capitalized lease obligation	$	1,445,000