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LONG-TERM DEBT AND WARRANT LIABILITY (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Schedule of long-term debt, net of current portion | Long-term debt, related discounts and issuance costs consists of the following:
(In thousands) | December 31, 2016
| Outstanding Principal |  | Unamortized Discount |  | Unamortized Debt Issuance Costs |  | Long-term Debt, Net
First Term Loan | $ | 43,312 |  |  | $ | — |  |  | $ | (561 | ) |  | $ | 42,751 |
Revolving Loan | — |  |  | — |  |  | — |  |  | — |
Second Term Loan | 55,000 |  |  | (469 | ) |  | (1,348 | ) |  | 53,183 |
Total debt including current maturities | 98,312 |  |  | (469 | ) |  | (1,909 | ) |  | 95,934 |
Less current portion | (1,688 | ) |  | — |  |  | — |  |  | (1,688 | )
Total long-term debt, net | $ | 96,624 |  |  | $ | (469 | ) |  | $ | (1,909 | ) |  | $ | 94,246 |
(In thousands) | December 31, 2015
| Outstanding Principal |  | Unamortized Debt Issuance Costs |  | Long-term Debt, Net
First Term Loan | $ | 46,000 |  |  | $ | (777 | ) |  | $ | 45,223 |
Revolving Loan | 2,000 |  |  | — |  |  | 2,000 |
Second Term Loan | 20,000 |  |  | (581 | ) |  | 19,419 |
Total debt including current maturities | 68,000 |  |  | (1,358 | ) |  | 66,642 |
Less current portion | (6,000 | ) |  | — |  |  | (6,000 | )
Total long-term debt, net | $ | 62,000 |  |  | $ | (1,358 | ) |  | $ | 60,642 |
Schedule of first and second lien leverage ratio and fixed charge coverage ratio | These financial covenant ratios currently are as follows:
First Lien Credit Facility |
Applicable Period |  | Maximum Total Leverage Ratio |  | Maximum First Lien Leverage Ratio |
April 1, 2016 through and including March 30, 2017 |  | 5.875x |  | 2.750x |
March 31, 2017 through and including September 29, 2017 |  | 5.875x |  | 2.625x |
September 30, 2017 through and including March 30, 2018 |  | 5.750x |  | 2.500x |
March 31, 2018 through and including September 29, 2018 |  | 5.625x |  | 2.375x |
September 30, 2018 through and including March 30, 2019 |  | 5.375x |  | 2.250x |
March 31, 2019 and thereafter |  | 5.250x |  | 2.125x |
Additionally, the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter shall not be less than 1.10x.
Second Lien Credit Facility |
Applicable Period |  | Maximum Total Leverage Ratio |  | Maximum First Lien Leverage Ratio |
April 1, 2016 through and including March 30, 2017 |  | 6.125x |  | 3.000x |
March 31, 2017 through and including September 29, 2017 |  | 6.125x |  | 2.875x |
September 30, 2017 through and including March 30, 2018 |  | 6.000x |  | 2.750x |
March 31, 2018 through and including September 29, 2018 |  | 5.875x |  | 2.625x |
September 30, 2018 through and including March 30, 2019 |  | 5.625x |  | 2.500x |
March 31, 2019 through and including September 29, 2019 |  | 5.500x |  | 2.375x |
September 30, 2019 and thereafter |  | 5.250x |  | 2.250x |
Schedule of maturities of long-term debt | Maturities of the principal amount of the Company’s long-term debt as of December 31, 2016 are as follows:
| (In thousands) |
2017 | $ | 1,688 |
2018 | 2,812 |
2019 | 93,812 |
| $ | 98,312 |

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- 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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -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
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