XML 62 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
CREDIT AGREEMENTS AND BORROWINGS (Narrative) (Details)
€ in Millions, ¥ in Millions, £ in Millions, $ in Millions
 1 Months Ended 12 Months Ended
Dec. 06, 2016
USD ($)
Dec. 07, 2012
USD ($)
Dec. 31, 2018
USD ($)
Feb. 14, 2018
Oct. 31, 2018
USD ($)
Dec. 31, 2018
EUR (€)
Oct. 31, 2018
EUR (€)
Oct. 31, 2018
CNY (¥)
Oct. 31, 2018
GBP (£)
Oct. 31, 2017
USD ($)
Feb. 16, 2017
CNY (¥)
Dec. 05, 2016
USD ($)
Line of Credit Agreement 2012 [Member]                        
Line of Credit Facility [Line Items]                        
Line of credit, maximum borrowing capacity $ 15.0                     $ 12.5
Maximum dividends allowable 5.0                     4.0
Minimum working capital requirement 105.0                     90.0
Minimum tangible net worth requirement $ 125.0                     $ 120.0
Line of Credit, interest rate description         Borrowings under our 2012 Credit Agreement bore interest either at a LIBOR–based rate or a floating rate, in each case with an interest rate floor of 0.00%. The floating rate equaled the greatest of (a) a one month LIBOR–based rate plus 1.00% per annum, (b) the federal funds effective rate plus 0.50% per annum, (c) the prevailing prime rate and (d) 0.00%. The rate we paid for that portion of the 2012 Credit Agreement which was not utilized is 0.05% per annum.              
Line of credit, maturity date Dec. 31, 2018                      
Line of Credit Facility, Current Borrowing Capacity         $ 19.4              
Line Of Credit Agreement 2018 [Member]                        
Line of Credit Facility [Line Items]                        
Line of Credit, interest rate description         Borrowings under the 2018 Credit Agreement will bear interest at floating rates based on, at our option, either (i) a LIBOR–based rate, or other alternative currency–based rate approved by the lender, plus 0.75% per annum, or (ii) a base rate (which is the highest of (a) the federal funds rate plus 0.50%, (b) the prime rate or (c) the one month LIBOR–based rate plus 1.00%), plus 0.00% per annum. Outstanding letters of credit will carry an annual rate of 0.75%.              
Scenario, Forecast [Member] | Line Of Credit Agreement 2018 [Member]                        
Line of Credit Facility [Line Items]                        
Borrowings available under credit facility     $ 41.7                  
Line of Credit Facility, Maximum Amount Outstanding During Period     $ 40.0                  
Line of Credit Facility, Covenant Terms     The 2018 Credit Agreement contains customary affirmative and negative covenants and events of default, including covenants (1) restricting us from making certain investments, loans, advances and acquisitions (but permitting us to make investments in subsidiaries of up to $10.0 million); (2) restricting us from making certain payments, including cash dividends, except that we may pay cash dividends as long as immediately before and after giving effect to such payment, the sum of the unused amount of the commitments under the 2018 Credit Agreement plus our cash on hand is not less than $10.0 million, and as long as we are not in default before and after giving effect to such dividend payments; (3) requiring that we maintain a minimum working capital of $125.0 million; and (4) requiring that we maintain a minimum tangible net worth of $170.0 million.                  
Hurco B V [Member] | Scenario, Forecast [Member] | Line Of Credit Agreement 2018 [Member]                        
Line of Credit Facility [Line Items]                        
Line of Credit Facility, Description     Effective as of December 31, 2018, we and our subsidiary Hurco B.V. entered into a new credit agreement (the “2018 Credit Agreement”) with Bank of America, N.A., as the lender. The 2018 Credit Agreement replaced the 2012 Credit Agreement, which terminated on December 31, 2018. The 2018 Credit Agreement provides for an unsecured revolving credit and letter of credit facility in a maximum aggregate amount of $40.0 million. The 2018 Credit Agreement provides that the maximum amount of outstanding letters of credit at any one time may not exceed $10.0 million, the maximum amount of outstanding loans made to our subsidiary Hurco B.V. at any one time may not exceed $20.0 million, and the maximum amount of all outstanding loans denominated in alternative currencies at any one time may not exceed $20.0 million.                  
Germany [Member]                        
Line of Credit Facility [Line Items]                        
Revolving Credit Facility | €             € 1.5          
Germany [Member] | Scenario, Forecast [Member]                        
Line of Credit Facility [Line Items]                        
Revolving Credit Facility | €           € 1.5            
China [Member]                        
Line of Credit Facility [Line Items]                        
Line of credit, maximum borrowing capacity         $ 2.9     ¥ 20.0     ¥ 40.0  
Line of credit, maturity date       Feb. 13, 2019                
Line of credit amount outstanding         $ 1.4         $ 1.5    
Terminated Credit Facility     Dec. 31, 2018                  
China [Member] | Scenario, Forecast [Member]                        
Line of Credit Facility [Line Items]                        
Repayments of Credit Facility     $ 1.4                  
Subsequent Event [Member] | Line Of Credit Agreement 2018 [Member]                        
Line of Credit Facility [Line Items]                        
Line of credit, maturity date     Dec. 31, 2020                  
Letter of Credit [Member]                        
Line of Credit Facility [Line Items]                        
Line of credit, maximum borrowing capacity $ 5.0                      
Revolving Credit Facility [Member]                        
Line of Credit Facility [Line Items]                        
Allowable investments in subsidiaries   $ 5.0                    
Revolving Credit Facility [Member] | United Kingdom [Member]                        
Line of Credit Facility [Line Items]                        
Line of credit amount outstanding | £                 £ 1.0