Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT AND LONG-TERM OBLIGATIONS (Details)

v3.3.1.900
LONG-TERM DEBT AND LONG-TERM OBLIGATIONS (Details) - USD ($)
 12 Months Ended
Oct. 01, 2014
Dec. 31, 2015
Dec. 31, 2014
Long-term debt [Abstract]      
Total long-term debt   $ 82,250,000 [1] $ 80,450,000
Less current portion   8,333,000 7,000,000
Total long-term debt, less current portion   73,917,000 73,450,000
Principal payments of long-term debt [Abstract]      
2016   8,333,000  
2017   8,333,000  
2018   8,334,000  
2019   57,250,000  
Total   $ 82,250,000 [1] 80,450,000
Eurodollar Rate [Member]      
Long-term debt [Abstract]      
Outstanding loans repaid percentage   100.00%  
TOCCO [Member]      
Long-term debt [Abstract]      
Interest rate description The Loans will accrue interest at the lower of (i) a London interbank offered rate (“Eurodollar Rate”) plus a margin of between 2.00% and 2.50% based on the total leverage ratio of TOCCO and its subsidiaries on a consolidated basis, or (ii) a base rate (“Base Rate”) equal to the highest of the federal funds rate plus 0.50%, the rate announced by Bank of America, N.A. as its prime rate, and Eurodollar Rate plus 1.0%, plus a margin of between 1.00% to 1.50% based on the total leverage ratio of TOCCO and its subsidiaries on a consolidated basis.    
Basis spread on variable rate   2.42%  
TOCCO [Member] | LIBOR [Member] | Minimum [Member]      
Long-term debt [Abstract]      
Basis spread on variable rate 2.00%    
TOCCO [Member] | LIBOR [Member] | Maximum [Member]      
Long-term debt [Abstract]      
Basis spread on variable rate 2.50%    
TOCCO [Member] | Federal Fund Rate [Member]      
Long-term debt [Abstract]      
Basis spread on variable rate 0.50%    
TOCCO [Member] | Eurodollar Rate [Member]      
Long-term debt [Abstract]      
Basis spread on variable rate 1.00%    
TOCCO [Member] | Base Rate [Member] | Minimum [Member]      
Long-term debt [Abstract]      
Basis spread on variable rate 1.00%    
TOCCO [Member] | Base Rate [Member] | Maximum [Member]      
Long-term debt [Abstract]      
Basis spread on variable rate 1.50%    
Revolving Note [Member]      
Long-term debt [Abstract]      
Total long-term debt [2]   $ 1,000,000 7,200,000
Amortization period for principal on acquisition term loan 15 years    
Maximum total leverage ratio 3.25    
Minimum fixed charge coverage ratio 1.25    
Asset coverage test, minimum 1.1    
Principal payments of long-term debt [Abstract]      
Total [2]   $ 1,000,000 7,200,000
Revolving Note [Member] | TOCCO [Member] | Minimum [Member]      
Long-term debt [Abstract]      
Commitment fee 0.25%    
Revolving Note [Member] | TOCCO [Member] | Maximum [Member]      
Long-term debt [Abstract]      
Commitment fee 0.375%    
Revolving Note One [Member]      
Long-term debt [Abstract]      
Loan expiration date   Oct. 01, 2019  
Maximum borrowing capacity   $ 40,000,000  
Borrowed funds under the agreement   1,000,000  
Available remaining borrowing capacity   39,000,000  
Letter of Credit [Member]      
Long-term debt [Abstract]      
Maximum borrowing capacity   5,000,000  
Swing Line Loans [Member]      
Long-term debt [Abstract]      
Maximum borrowing capacity   5,000,000  
Term Note [Member]      
Long-term debt [Abstract]      
Total long-term debt [1]   61,250,000 68,250,000
Amortization period for principal on acquisition term loan 10 years    
Quarterly installment amount of acquisition term loan $ 1,750,000 333,333  
Principal payments of long-term debt [Abstract]      
Total [1]   61,250,000 68,250,000
Term Note One [Member]      
Long-term debt [Abstract]      
Total long-term debt [3]   20,000,000 5,000,000
Principal payments of long-term debt [Abstract]      
Total [3]   20,000,000 $ 5,000,000
Term Note Two [Member]      
Long-term debt [Abstract]      
Borrowed funds under the agreement   20,000,000  
Available remaining borrowing capacity   0  
Amount of multiple advance loan can be borrowed   25,000,000  
Amount of uncommitted increase option   $ 40,000,000  
Maturity date   Dec. 31, 2015  
Acquisition Term Loan [Member]      
Long-term debt [Abstract]      
Total long-term debt   $ 70,000,000  
Principal payments of long-term debt [Abstract]      
Total   $ 70,000,000  
[1] Under the ARC Agreement, TOSCO also borrowed $70.0 million in a single advance term loan (the "Acquisition Term Loan") to partially finance the Acquisition.
[2] On October 1, 2014, TOCCO, SHR, GSPL and TC (SHR, GSPL and TC collectively the "Guarantors") entered into an Amended and Restated Credit Agreement ("ARC Agreement") with the lenders which from time to time are parties to the ARC Agreement (collectively, the "Lenders") and Bank of America, N.A., a national banking association, as Administrative Agent for the Lenders, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as Lead Arranger. Subject to the terms and conditions of the ARC Agreement, TOCCO may (a) borrow, repay and re-borrow revolving loans (collectively, the "Revolving Loans") from time to time during the period ending September 30, 2019, up to but not exceeding at any one time outstanding $40.0 million (the "Revolving Loan Commitment") and (b) request up to $5.0 million of letters of credit and $5.0 million of swing line loans. Each of the issuance of letters of credit and the advance of swing line loans shall be considered usage of the Revolving Loan Commitment. All outstanding loans under the Revolving Loans must be repaid on October 1, 2019. As of December 31, 2015, TOCCO had borrowed funds under the Revolving Loans aggregating $1.0 million with $39.0 million available to be drawn.
[3] Under the ARC Agreement, TOCCO also has the right to borrow $25.0 million in a multiple advance loan (the "Term Loans," together with the Revolving Loans and Acquisition Term Loan, collectively the "Loans"). Borrowing availability under the Term Loans ended on December 31, 2015. The Term Loans convert from a multiple advance loan to a "mini-perm" loan once TOCCO has fulfilled certain obligations such as certification that construction of D-Train was completed in a good and workmanlike manner, receipt of applicable permits and releases from governmental authorities, and receipt of releases of liens from the contractor and each subcontractor and supplier. The Loans also include a $40.0 million uncommitted increase option (the "Accordion Option"). As of December 31, 2015, TOCCO had borrowed funds under the agreement aggregating $20.0 million with $0.0 million available to be drawn due to the expiration of the borrowing availability.