XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.19.3

Subsequent Events | 9 Months Ended
--- | ---
Sep. 30, 2019
Subsequent Events [Abstract] |
Subsequent Events | NOTE 14 —SUBSEQUENT EVENTS Senior Credit Agreement In October 2019, the Company entered into an amendment to the EWB Loan Agreement which suspended the Company’s obligation to comply with the minimum fixed charge coverage ratio through the maturity date, which was amended to February 28, 2020, placed a cash block on interest payments under the Company’s subordinated debt under the Riley Loan Agreement, required the Company to establish a blocked account, following which the Company may request revolving advances up to the amount on deposit in such blocked account in EWB’s discretion and waived the Company’s noncompliance with the fixed charge coverage ratio financial covenant. Departure of Certain Officer and Appointment of Certain Officer On October 29, 2019, the Company and Mr. Robert Plaschke agreed that Mr. Plaschke would cease serving as the Company’s Chief Executive Officer, effective immediately. In connection with Mr. Plaschke’s transition, the Company entered into a Transition and Separation Agreement with Mr. Plaschke pursuant to which he will serve as a Senior Advisor to the Board until April 30, 2020. On October 29, 2019, the Company entered into an employment agreement with Thomas W. Wilkinson, which governs the terms of Mr. Wilkinson’s employment as the Company’s Chief Executive Officer and member of the board.

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

X
- 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
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration