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Subsequent Event | 9 Months Ended
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Sep. 30, 2019
Subsequent Event [Abstract] |
Subsequent Events [Text Block] | 20. Subsequent Event On November 4, 2019, the Company entered into a Second Amendment of its Financing Agreement with Cerberus Business Finance, LLC, as collateral agent for the Lenders, and PNC Bank, National Association, as administrative agent for the Lenders. The amendment increases the maximum leverage ratio covenant and amount of restructuring and related costs to be excluded from consolidated EBI TDA and decreases the minimum fixed charge ratio covenant. Additionally, the applicable interest rate margin was modified to adjust based on the Company’s leverage ratio. The Company also agreed to extend the prepayment penalty periods and paid a $50,000 a mendment fee. The amendment is effective for covenant calculations commencing with the period ended September 30, 2019, other than the change in minimum fixed charge ratio which is effective beginning the three months ended December 31, 2019. Prior to t his amendment, the Company exceeded the maximum leverage ratio covenant due primarily to costs associated with the resignation of its previous CEO in July 2019 and certain restructuring activity during the quarter ended September 30, 2019. The Company is c ompliant with all covenants under the Financing Agreement as of September 30, 2019 with the completion of this amendment.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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