Annual report pursuant to Section 13 and 15(d)

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

v3.6.0.2
LONG-TERM DEBT AND LONG-TERM OBLIGATIONS (Details) - USD ($)
12 Months Ended
Oct. 01, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Long-term debt [Abstract]        
Loan fees   $ (748,000) $ (1,020,000)  
Total long-term debt   83,252,000 81,230,000  
Less current portion including loan fees   10,145,000 8,061,000  
Total long-term debt, less current portion including loan fees   73,107,000 73,169,000  
Amortization of loan fees   272,000 272,000 $ 68,000
Principal payments of long-term debt [Abstract]        
2017   10,417,000    
2018   8,333,000    
2019   65,250,000    
Total long-term debt   $ 84,000,000    
Eurodollar Rate [Member]        
Long-term debt [Abstract]        
Outstanding loans repaid percentage   100.00%    
TOCCO [Member]        
Long-term debt [Abstract]        
Basis spread on variable rate   3.27%    
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]        
Long-term debt [1]   $ 9,000,000 1,000,000  
Maximum borrowing capacity   $ 40,000,000    
Loan expiration date   Oct. 01, 2019    
Borrowed funds under the agreement   $ 9,000,000 1,000,000  
Available remaining borrowing capacity   31,000,000    
Available remaining borrowing capacity to maintain covenant compliance   29,500,000    
Maximum total leverage ratio 3.25      
Minimum fixed charge coverage ratio 1.25      
Asset coverage test, minimum 1.1      
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%      
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 One [Member]        
Long-term debt [Abstract]        
Long-term debt [2]   19,000,000 20,000,000  
Less current portion including loan fees   1,700,000 1,300,000  
Total long-term debt, less current portion including loan fees   17,300,000 18,700,000  
Borrowed funds under the agreement   20,000,000    
Available remaining borrowing capacity   0    
Amount of multiple advance loan that was available to be borrowed   25,000,000    
Amount of uncommitted increase option   $ 40,000,000    
Maturity date   Dec. 31, 2015    
Amortization period for principal on acquisition term loan   15 years    
Quarterly installment amount of acquisition term loan   $ 333,333    
Term Note [Member]        
Long-term debt [Abstract]        
Long-term debt [3]   56,000,000 61,250,000  
Less current portion including loan fees   8,800,000 7,000,000  
Total long-term debt, less current portion including loan fees   $ 47,300,000 $ 54,300,000  
Total long-term debt $ 70,000,000      
Amortization period for principal on acquisition term loan   10 years    
Quarterly installment amount of acquisition term loan   $ 1,750,000    
[1] 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 swingline loans. Each of the issuance of letters of credit and the advance of swingline 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, 2016, and 2015, TOCCO had long-term outstanding borrowings under the Revolving Loans of $9.0 million and $1.0 million, respectively. At December 31, 2016, approximately $31.0 million was available to be drawn. However, in order to maintain compliance with our covenants, we could have only drawn approximately $29.5 million.
[2] 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, 2016, TOCCO had borrowed funds under the agreement aggregating $20.0 million with no additional availability remaining. At December 31, 2016, there was a short-term amount of $1.7 million and a long-term amount of $17.3 million outstanding. At December 31, 2015, there was a short-term amount of $1.3 million and a long-term amount of $18.7 million outstanding.
[3] Under the ARC Agreement, TOCCO also borrowed $70.0 million in a single advance term loan (the "Acquisition Term Loan") to partially finance the Acquisition. At December 31, 2016, there was a short-term amount of $8.8 million and a long-term amount of $47.3 million outstanding. At December 31, 2015, there was a short-term amount of $7.0 million and a long-term amount of $54.3 million outstanding.