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Subsequent Event
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent Event

15. Subsequent Event

 

On February 24, 2017, we and certain of our wholly-owned domestic subsidiaries (collectively, the “US Borrowers”) and certain of our Canadian subsidiaries (collectively, the “Canadian Borrowers”) entered into a Second Amendment to Fourth Amended and Restated Loan and Security Agreement (the “Second Amendment”) with certain lenders named therein (the “Lenders”) and Wells Fargo Capital Finance, LLC as administrative and collateral agent for the Lenders.

 

The Second Amendment provides for, among other things: (i) an increase in the Maximum Credit, as defined in the Fourth Amended Agreement, from $290,000,000 to $345,000,000; (ii) the addition of a sub-limit for Eligible Illinois Real Estate, as defined in the agreement for $2,205,000, reduced monthly beginning on March 1, 2017 by $26,250; (iii) the addition of a sub-limit for Eligible Santa Monica Real Estate, as defined in the agreement, replacing the previously provided sub-limits for both the Eligible Real Estate and Eligible Adjacent Real Estate, as defined in the agreement, for $12,523,000, reduced monthly beginning on March 1, 2017 by $149,083.33 and (iv) an extension of the Maturity Date from March 19, 2019 to March 19, 2021.