XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.8.0.1

NOTE 6 - NOTES PAYABLE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Debt [Table Text Block] | The following table summarizes our outstanding debt as of the dates indicated:
Notes Payable |  | Maturity |  | Stated Interest Rate |  |  | Balance as of March 31, 2018 |  |  | Balance as of December 31, 2017 |
Subordinated Notes Payable- PMSI acquisition |  | 4/30/2018 |  |  | 2.00 | % |  |  | 1,125 |  |  |  | 1,125 |
Subordinated Notes Payable- CPI acquisition |  | 4/30/2018 |  |  | - | % |  |  | 500 |  |  |  | 500 |
Subordinated Notes Payable- PSNW acquisition |  | 4/30/2018 |  |  | 2.00 | % |  |  | 600 |  |  |  | 600 |
Subordinated Notes Payable- iSystems acquisition |  | 5/25/2019 |  |  | 3.50 | % |  |  | 5,000 |  |  |  | 5,000 |
Subordinated Notes Payable- Compass acquisition |  | 5/25/2022 |  |  | 2.00 | % |  |  | 1,474 |  |  |  | 1,500 |
Subordinated Notes Payable- ADS acquisition |  | 10/1/2019 |  |  | 2.00 | % |  |  | 1,122 |  |  |  | 1,122 |
Subordinated Notes Payable- TelePayroll acquisition |  | 01/01/2020 |  |  | 2.00 | % |  |  | 1,800 |  |  |  | - |
Subordinated Notes Payable- Savers Admin acquisition |  | 01/01/2020 |  |  | 2.00 | % |  |  | 570 |  |  |  | - |
Subordinated Notes Payable- Pay Systems acquisition |  | 01/01/2019 |  |  | 2.00 | % |  |  | 1,572 |  |  |  | - |
Term Loan – Wells Fargo Syndicate Partner |  | 5/25/2022 |  |  | 10.55 | % |  |  | 52,500 |  |  |  | 34,125 |
Term Loan - Wells Fargo |  | 5/25/2022 |  |  | 5.55 | % |  |  | 52,500 |  |  |  | 34,125 |
Total Notes Payable |  |  |  |  |  |  |  | $ | 118,763 |  |  | $ | 78,097 |
Short-term notes payable |  |  |  |  |  |  |  | $ | 8,012 |  |  | $ | 8,895 |
Long-term notes payable |  |  |  |  |  |  |  | $ | 110,751 |  |  | $ | 69,202 |
Schedule of Debt And Debt Issuance Costs [Table Text Block] | The following table summarizes the debt issuance costs as of the dates indicated:
Notes Payable |  | Gross Notes Payable at March 31, 2018 |  |  | Debt Issuance Costs and Debt Discount |  |  | Net Notes Payable at March 31, 2018 |
Notes payable, current portion |  | $ | 8,012 |  |  | $ | (196 | ) |  | $ | 7,816 |
Notes payable, net of current portion |  |  | 110,751 |  |  |  | (3,979 | ) |  |  | 106,772 |
Total Notes Payable |  | $ | 118,763 |  |  | $ | (4,175 | ) |  | $ | 114,588 |
Notes Payable |  | Gross Notes Payable at December 31, 2017 |  |  | Debt Issuance Costs |  |  | Net Notes Payable at December 31, 2017 |
Notes payable, current portion |  | $ | 8,895 |  |  | $ | - |  |  | $ | 8,895 |
Notes payable, net of current portion |  |  | 69,202 |  |  |  | (2,229 | ) |  |  | 66,973 |
Total Notes Payable |  | $ | 78,097 |  |  | $ | (2,229 | ) |  | $ | 75,868 |
Schedule of Maturities of Long-term Debt [Table Text Block] | The following table summarizes the future principal payments related to our outstanding debt:
Year Ended |  | Gross Amount |
December 31, 2018 (April to December) |  | $ | 6,963 |
December 31, 2019 |  |  | 5,383 |
December 31, 2020 |  |  | 4,896 |
December 31, 2021 |  |  | 4,889 |
December 31, 2022 |  |  | 96,632 |
Gross Notes Payable |  | $ | 118,763 |
Schedule of Long-term Debt Instruments [Table Text Block] | The Second Restated Credit Agreement amends the applicable margin rates for determining the interest rate payable on the loans as follows:
Leverage Ratio | First Out Revolver Base Rate Margin | First Out Revolver LIBOR Rate Margin | First Out TL Base Rate Margin | First Out TL LIBOR Rate Margin | Last Out Base Rate Margin | Last Out LIBOR Rate Margin
≤ 3.25:1 | 4.25 percentage points | 5.25 percentage points | 1.75 percentage points | 2.75 percentage points | 6.75 percentage points | 7.75 percentage points
> 3.25:1 | 4.75 percentage points | 5.75 percentage points | 2.25 percentage points | 3.25 percentage points | 7.25 percentage points | 8.25 percentage points

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation, and debt issuance costs. + References No definition available. + Details
Name: | asur_ScheduleOfDebtAndDebtIssuanceCostsTableTextBlock
Namespace Prefix: | asur_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration