XML 66 R52.htm IDEA: XBRL DOCUMENT v3.19.1
Debt - Narrative (Details)
3 Months Ended 12 Months Ended
Aug. 23, 2017
USD ($)
May 08, 2017
USD ($)
Jan. 09, 2017
USD ($)
trading_day
$ / shares
shares
Jun. 10, 2015
USD ($)
$ / shares
Oct. 31, 2014
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Mar. 20, 2017
USD ($)
Nov. 17, 2015
USD ($)
Debt Instrument [Line Items]                    
Loss on extinguishment of debt, net             $ 0 $ 2,035,000    
Long-term debt           $ 152,625,000 152,625,000      
Proceeds from term loans             $ 0 64,917,000    
Convertible Debt                    
Debt Instrument [Line Items]                    
Debt issuance cost allocated to equity component       $ 1,300,000            
Debt issuance costs allocated to liability component       2,600,000            
Effective interest rate           15.11% 15.11%      
Long-term debt           $ 93,054,000 $ 93,054,000 84,773,000    
Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity of revolving credit facility         $ 25,000,000       $ 10,000,000 $ 48,000,000
Term of debt instrument         5 years          
Absa                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity of revolving credit facility           1,000,000 1,000,000      
Outstanding borrowings under the credit facility           1,000,000 1,000,000 1,900,000    
Grindrod Bank                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity of revolving credit facility           600,000 600,000      
Outstanding borrowings under the credit facility           $ 400,000 $ 400,000 1,100,000    
Prime Rate | Absa                    
Debt Instrument [Line Items]                    
Margin on base rate             0.10%      
Interest rate at period end           10.15% 10.15%      
Prime Rate | Grindrod Bank                    
Debt Instrument [Line Items]                    
Margin on base rate             1.00%      
Interest rate at period end           11.25% 11.25%      
Term Loan [Member]                    
Debt Instrument [Line Items]                    
Convertible debt, face amount   $ 20,000,000                
Debt issuance costs   400,000                
Loss on extinguishment of debt, net $ 1,700,000                  
Proceeds from term loans   18,000,000                
Unamortized discount   $ 2,000,000                
Term Loan [Member] | Secured Debt                    
Debt Instrument [Line Items]                    
Convertible debt, face amount 48,000,000                  
Debt issuance costs 500,000                  
Effective interest rate           13.71% 13.71%      
Long-term debt           $ 45,046,000 $ 45,046,000 $ 44,055,000    
Proceeds from term loans 46,900,000                  
Unamortized discount 4,000,000                  
Proceeds from issuance of debt, portion funded in cash $ 35,000,000                  
Repayments of debt           $ 500,000        
Term Loan [Member] | London Interbank Offered Rate (LIBOR) | Secured Debt                    
Debt Instrument [Line Items]                    
Margin on base rate 7.625%                  
Term Loan [Member] | London Interbank Offered Rate (LIBOR) | Minimum | Secured Debt                    
Debt Instrument [Line Items]                    
Convertible debt, stated interest rate 1.00%                  
Inseego Notes | Convertible Debt                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity of revolving credit facility     $ 48,000,000.0              
Convertible debt, face amount     $ 119,800,000              
Loss on extinguishment of debt, net $ 300,000                  
Convertible debt, stated interest rate     5.50%              
Converted instrument, shares issued (in shares) | shares     212.7660              
Conversion price ($ per share) | $ / shares     $ 4.70              
Repurchase price as a percentage of principal amount     100.00%              
Minimum principal needed to call debt     25.00%              
Redemption of principal     100.00%              
Company elected remedy in default     60 days              
Interest rate during remedy for default     0.50%              
Convertible, beneficial conversion feature     $ 3,600,000              
Proceeds from issuance of debt, portion funded in repurchase and cancellation of debt 11,900,000                  
Extinguishment of debt, amount $ 14,900,000                  
Inseego Notes | Convertible Debt | Stock price exceeds 130% of conversion price                    
Debt Instrument [Line Items]                    
Threshold of trading days | trading_day     20              
Threshold of consecutive trading days     30              
Threshold percentage of stock price trigger     130.00%              
Inseego Notes | Convertible Debt | Debt trading price below product of stock price and conversion rate                    
Debt Instrument [Line Items]                    
Threshold of consecutive trading days     5              
Threshold percentage of stock price trigger     98.00%              
Number of consecutive business days     5              
Inseego Notes | Convertible Debt | Stock price exceeds 140% of conversion price                    
Debt Instrument [Line Items]                    
Threshold of trading days | trading_day     20              
Threshold of consecutive trading days     30              
Threshold percentage of stock price trigger     140.00%              
Repurchase price as a percentage of principal amount     100.00%              
Novatel Wireless Notes | Convertible Debt                    
Debt Instrument [Line Items]                    
Convertible debt, face amount     $ 200,000 120,000,000            
Debt issuance costs       $ 3,900,000            
Convertible debt, stated interest rate       5.50%            
Conversion price ($ per share) | $ / shares       $ 5.00            
Principal exchanged     $ 119,800,000