XML 82 R68.htm IDEA: XBRL DOCUMENT v3.3.1.900
NOTE 14 - SUBSEQUENT EVENTS (Details)
 1 Months Ended 12 Months Ended
Mar. 30, 2016
USD ($)
Nov. 30, 2015
Mar. 31, 2014
USD ($)
Dec. 31, 2015
Mar. 24, 2015
Mangrove Employer Services, Inc. [Member] | Subsequent Event [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Payments to Acquire Businesses, Gross $ 11,348,000        
Debt Instrument, Face Amount $ 6,000,000        
Debt Instrument, Interest Rate, Stated Percentage 3.50%        
Mangrove COBRASource, Inc. [Member] | Subsequent Event [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Business Combination, Consideration Transferred $ 1,036,000        
Wells Fargo Bank, N.A. [Member] | Credit Agreement [Member] | Subsequent Event [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Line of Credit Facility, Increase (Decrease), Net 12,500,000        
Line of Credit Facility, Maximum Borrowing Capacity $ 29,188,000        
Debt Instrument, Covenant Description 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.        
Wells Fargo Bank, N.A. [Member] | Notes Payable to Banks [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Debt Instrument, Face Amount     $ 15,000,000    
Debt Instrument, Interest Rate, Stated Percentage       5.00%  
Debt Instrument, Maturity Date       Mar. 31, 2019  
Wells Fargo Bank, N.A. [Member] | Notes Payable to Banks [Member] | Subsequent Event [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Debt Instrument, Face Amount $ 26,188,000        
Debt Instrument, Maturity Date Mar. 21, 2019        
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.        
Wells Fargo Bank, N.A. [Member] | Line of Credit [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity     $ 3,000,000    
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 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity $ 3,000,000        
Minimum [Member] | Wells Fargo Bank, N.A. [Member] | Credit Agreement [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Ratio of Indebtedness to Net Capital         3.5
Minimum [Member] | Wells Fargo Bank, N.A. [Member] | Credit Agreement [Member] | Subsequent Event [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Ratio of Indebtedness to Net Capital 5.00        
Maximum [Member] | Wells Fargo Bank, N.A. [Member] | Credit Agreement [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Ratio of Indebtedness to Net Capital         1.0
Maximum [Member] | Wells Fargo Bank, N.A. [Member] | Credit Agreement [Member] | Subsequent Event [Member]          
NOTE 14 - SUBSEQUENT EVENTS (Details) [Line Items]          
Ratio of Indebtedness to Net Capital 1