XML 59 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
NOTE 6 - NOTES PAYABLE (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Aug. 12, 2014
Mar. 30, 2016
Mar. 25, 2016
Nov. 30, 2015
Aug. 31, 2015
Aug. 31, 2014
Jul. 31, 2014
Jul. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Roomtag, LLC Acquisition [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Payments to Acquire Businesses, Gross           $ 933          
Business Combination, Consideration Transferred, Liabilities Incurred           754          
FotoPunch, Inc. Acquisition [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Payments to Acquire Businesses, Gross             $ 1,500        
Line of Credit [Member] | Roomtag, LLC Acquisition [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Proceeds from Long-term Lines of Credit           $ 933          
Line of Credit Facility, Interest Rate at Period End           0.36%          
Line of Credit Facility, Expiration Date           Oct. 31, 2016          
Fair Value Inputs, Discount Rate           5.00%          
Debt Instrument, Unamortized Discount           $ 73          
Repayments of Debt         $ 722            
Debt Repayment, Discount         5.00%            
Line of Credit [Member] | FotoPunch, Inc. Acquisition [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Proceeds from Long-term Lines of Credit             $ 1,500        
Notes Payable, Other Payables [Member] | Roomtag, LLC Acquisition [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Line of Credit Facility, Interest Rate at Period End           0.36%          
Repayments of Debt         $ 722            
Debt Repayment, Discount         5.00%            
Wells Fargo Bank, N.A. [Member] | Line of Credit [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Debt Instrument, Covenant Compliance                   The Credit Agreement contains customary affirmative and negative covenants, including, among others, limitations with respect to debt, liens, fundamental changes, sale of assets, prepayment of debt, investments, dividends, and transactions with affiliates.As of December 31, 2015, we were in compliance with all covenants, with the exception of the leverage ratio and fixed charge coverage ratio, and all payments remain current. A covenant waiver related to the leverage ratio and fixed charge coverage ratio was received from the lender as of December 31, 2015. As a result of the waiver, we were in compliance with all covenant requirements as of December 31, 2015. We expect to be in compliance or be able to obtain compliance through debt repayments with the available cash on hand or as we expect to be generated from the ordinary course of operations over the next twelve months.  
Debt Instrument, Debt Default, Description of Violation or Event of Default                 payment defaults, covenant defaults, judgment defaults, bankruptcy and insolvency events, cross defaults to certain indebtedness, incorrect representations or warranties, and change of control.    
Debt Instrument, Collateral                 Under the Guaranty and Security Agreement, we and each of our wholly-owned active subsidiaries have guaranteed all obligations under the Credit Agreement and granted a security interest in substantially all of our and our subsidiaries’ assets.    
Wells Fargo Bank, N.A. [Member] | Line of Credit [Member] | Subsequent Event [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Line of Credit Facility, Maximum Borrowing Capacity     $ 29,188                
Line of Credit Facility, Increase (Decrease), Net     $ 12,500                
Wells Fargo Bank, N.A. [Member] | Line of Credit [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Line of Credit Facility, Maximum Borrowing Capacity                 $ 3,000    
Long-term Line of Credit                     $ 0
Line of Credit Facility, Remaining Borrowing Capacity                   $ 3,000  
Line of Credit Facility, Interest Rate Description                 (i) the greater of 1% or LIBOR, plus an applicable margin or (ii) a base rate (as defined in the Credit Agreement) plus an applicable    
Debt Instrument, Payment Terms                 we must pay a premium if we make a voluntary prepayment of outstanding principal under the term loan during the first two years following the closing date or if we are required to prepay outstanding principal under the Credit Agreement with proceeds resulting from certain asset sales or debt incurrence. The premium is 1% or 0.5% of the principal amount being prepaid depending on whether the prepayment occurs on or before the first anniversary of the closing date or subsequent to the first anniversary date through the second anniversary of the closing date. In addition, we are required to repay outstanding principal on an annual basis with 50% of excess cash flow, certain over advances, asset sale proceeds, debt proceeds, and proceeds from judgments and settlements.    
Debt Instrument, Covenant Description       We agreed that if our leverage ratio is (a) less than or equal to 2.25:1, (b) greater than 2.25:1 but less than or equal to 2.75:1, (c) greater than 2.75:1 but less than or equal to 3.25:1 or (d) greater than 3.25:1, the applicable margin relative to the LIBOR rate would be 3.00, 3.50, 4.00 or 4.50 percentage points, respectively. We further agreed that until the leverage ratio testing period ending September 30, 2016, we will pay interest based on the 4.50 percentage point margin level.           Under the Credit Agreement, we were required to maintain a fixed charge coverage ratio of not less than 1.5 to 1.0 beginning with the quarter ending June 30, 2014 and each calendar quarter thereafter, and a leverage ratio of not greater than 3.5 to 1.0 beginning with the quarter ending June 30, 2014 with the levels stepping down thereafter. We amended the Credit Agreement in August 2014, March 2015 and November 2015. The August 2014 amendment revised the leverage ratio beginning with the quarter ending September 30, 2014 to a leverage ratio of not greater than 3.6 to 1.0 with the levels stepping down thereafter. The March 2015 amendment authorized us to optionally prepay, subject to specified conditions, the Subordinated Note Payable to Roomtag and revised the leverage ratio beginning with the quarter ended March 31, 2015 to a leverage ratio of not greater than 3.5 to 1.0 with the levels stepping down thereafter. The November 2015 amendment increased the applicable margin relative to the LIBOR rate upon which we compute the interest payable. We agreed that if our leverage ratio is (a) less than or equal to 2.25:1, (b) greater than 2.25:1 but less than or equal to 2.75:1, (c) greater than 2.75:1 but less than or equal to 3.25:1 or (d) greater than 3.25:1, the applicable margin relative to the LIBOR rate would be 3.00, 3.50, 4.00 or 4.50 percentage points, respectively. We further agreed that until the leverage ratio testing period ending September 30, 2016, we will pay interest based on the 4.50 percentage point margin level.  
Wells Fargo Bank, N.A. [Member] | Line of Credit [Member] | Subsequent Event [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Line of Credit Facility, Maximum Borrowing Capacity   $ 3,000                  
Wells Fargo Bank, N.A. [Member] | Line of Credit [Member] | Letter of Credit [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Line of Credit Facility, Maximum Borrowing Capacity                 $ 10,000    
Wells Fargo Bank, N.A. [Member] | Line of Credit [Member] | FotoPunch, Inc. Acquisition [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Proceeds from Long-term Lines of Credit               $ 1,500      
Wells Fargo Bank, N.A. [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Debt Instrument, Basis Spread on Variable Rate                 5.00%    
Wells Fargo Bank, N.A. [Member] | Notes Payable to Banks [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Debt Instrument, Face Amount                 $ 15,000    
Debt Instrument, Maturity Date, Description                 March 2019    
Long-term Debt, Maturities, Repayment Terms                 · $188 on June 30, 2014 and the last day of each fiscal quarter thereafter up to March 31, 2016;· $281 on June 30, 2016 and the last day of each fiscal quarter thereafter up to March 31, 2017; and· $375 on June 30, 2017 and the last day of each fiscal quarter thereafter, with a final payment of the remaining balance due on March 31, 2019    
Wells Fargo Bank, N.A. [Member] | Notes Payable to Banks [Member] | Subsequent Event [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Debt Instrument, Face Amount   $ 26,188                  
Debt Instrument, Payment Terms   · $491 on June 30, 2016 and the last day of each fiscal quarter thereafter up to March 31, 2017; and· $655 on June 30, 2017 and the last day of each fiscal quarter thereafter.                  
Line of Credit Facility, Covenant Terms     We have now agreed to a leverage ratio not to exceed 5.00:1 at March 31, 2016, stepping down to 2.25:1 at December 31, 2018. See Note 14- Subsequent Events for more information about the amendment.                
Wells Fargo Bank, N.A. [Member] | Notes Payable to Banks [Member] | Roomtag, LLC Acquisition [Member]                      
NOTE 6 - NOTES PAYABLE (Details) [Line Items]                      
Proceeds from Long-term Lines of Credit $ 1,000                    
Long-term Line of Credit                   $ 0 $ 0
Line of Credit Facility, Remaining Borrowing Capacity                   $ 3,000