2.4.0.8100120 - Disclosure - Debttruefalsefalse1false falsefalseC_0001085621_20130101_20130630http://www.sec.gov/CIK0001085621duration2013-01-01T00:00:002013-06-30T00:00:001false 4us-gaap_DebtDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div> 7. Debt Long-Term Debt ICG’s long-term debt as of June 30, 2013 and December 31, 2012 consisted of debt at its consolidated core companies, primarily a term loan at Procurian.   <div style="text-align: left;"> <table cellspacing="0" cellpadding="0" style="display: block; text-align: left; border: 0"> <tr> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </th> <th style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> Interest Rates </th> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top" colspan="2">   </th> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </th> <th style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:top" colspan="2">   </th> <th style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> June 30, 2013 </th> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </th> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </th> <th colspan="3" style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> December 31, 2012 </th> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </th> </tr> <tr> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </th> <th style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </th> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </th> <th style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </th> <th style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </th> <th colspan="7" style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top"> (in thousands) </th> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> Procurian term loan              </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> 1.94-3.09 </td> <td style="padding-top:0.7pt; vertical-align:bottom; text-align:right"></td><td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:left">%</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="padding-top:0.7pt; vertical-align:bottom; text-align:right">$</td><td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right"></td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  20,833</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="padding-top:0.7pt; vertical-align:bottom; text-align:right">$</td><td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right"></td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  23,333</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> Other debt              </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> 5.5-11.65 </td> <td style="padding-top:0.7pt; vertical-align:bottom; text-align:right"></td><td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:left">%</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  13,751</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  9,981</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> Capital leases              </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  2.00</td> <td style="padding-top:0.7pt; vertical-align:bottom; text-align:right"></td><td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:left">%</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  338</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">—</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  34,922</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  33,314</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> Current maturities              </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top" colspan="2">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> (8,648 </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> ) </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> (5,336 </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> ) </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> Long-term debt              </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top" colspan="2">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">$</td><td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right"></td> <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  26,274</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:top">   </td> <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">$</td><td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right"></td> <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  27,978</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> </tr> </table> </div> ICG’s long-term debt matures as follows:   <div style="text-align: left;"> <table cellspacing="0" cellpadding="0" style="display: block; text-align: left; border: 0"> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> 2013 (remainder of year)              </td> <td style="padding-top:0.7pt; vertical-align:bottom; text-align:right">$</td><td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right"></td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  4,438</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">    </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> 2014              </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  9,380</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">    </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> 2015              </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  9,867</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">    </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> 2016              </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  7,347</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">    </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom"> 2017              </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom" colspan="2">   </td> <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.75pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  3,890</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">    </td> </tr> <tr> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">   </td> <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">$</td><td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right"></td> <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:1.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.75pt; padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom; text-align:right">  34,922</td> <td style="padding-right:0.7pt; padding-top:0.7pt; vertical-align:bottom">    </td> </tr> </table> </div> Loan and Credit Agreements On August 9, 2012, Procurian, a number of its wholly-owned subsidiaries and PNC Bank entered into an amended and restated term note that amended certain terms of the loan agreement between Procurian and PNC Bank dated August 3, 2010 that provides for a revolving line of credit and a term loan. Under the line of credit, which matures on August 2, 2015, Procurian may borrow up to $15.0 million and obtain up to $5.0 million of letters of credit, subject to specified fees and other terms. The line of credit is subject to a 0.25% per annum unused commitment fee that is payable to the bank quarterly. Under the term loan, Procurian borrowed $25.0 million (a $13.0 million increase from the August 9, 2012 original term loan balance of $12.0 million) primarily in order to fund potential future acquisitions. Both the line of credit and the term loan have been secured by a first priority lien on the assets of the borrowing companies.   The term loan and the line of credit both bear interest, at Procurian’s option, at either (1) a base rate equal to the highest of PNC Bank’s prime rate, the sum of the Federal Funds Open Rates plus 0.5% and the sum of the daily LIBOR rate plus 1.0%, or (2) a daily to six month LIBOR rate plus a margin ranging from 1.5% to 2.0%, depending on the then-current debt-to-EBITDA ratio of the borrowing companies. Under the loan agreement, any outstanding principal and interest under the line of credit would become due and payable periodically through August 2, 2015, the principal under the term loan is payable in $0.4 million monthly installments through August 1, 2017, and any outstanding interest under the term loan is due and payable periodically through August 1, 2017. There are no amounts outstanding under the line of credit; the amounts outstanding under the term loan as of December 31, 2012 and 2011 are set forth in the table above. The effective interest rate being paid by Procurian under the term loan, including the applicable margin, was 1.94% as of June 30, 2013. On August 6, 2010, Procurian entered into an interest rate swap hedge agreement whereby 50% of the original term loan was effectively converted to a fixed interest rate of 1.34% by the hedge agreement. Procurian terminated the hedge agreement without penalty on August 1, 2012. On August 9, 2012, Procurian entered into a new interest rate swap hedge agreement, effectively converting $10.0 million of the balance of the term loan into a fixed interest rate loan. The interest rate swap hedge agreement becomes effective beginning on August 9, 2013. On October 22, 2012, Bolt entered into certain debt agreements with Horizon Technology Ventures Corporation (“Horizon”). Those agreements provide for a term loan of $5.0 million and a $5.0 million line of credit, both of which are subject to an interest rate of 11.65% and mature on May 1, 2016. Those debt instruments have a fair value as of June 30, 2013 and December 31, 2012 of $9.9 million and $9.8 million, respectively, due to warrants issued by Bolt to Horizon in connection with the debt agreement and are included in the line item “Other Debt” in the table above. As of June 30, 2013, $5.0 million and $5.0 million are outstanding under the term loan and the line of credit, respectively. On November 30, 2012, GovDelivery entered into loan agreements with Venture Bank that provide for a revolving credit facility under which the company may borrow up to $2.0 million and a $2.5 million term loan in order to execute on GovDelivery’s 2013 initiatives of replacing existing equipment and expanding the company’s data centers. Both the revolving credit facility and the term loan are secured by GovDelivery’s assets and mature on November 30, 2017. The line of credit and the term loan bear interest at a base rate equal to the prime rate plus 2.0% but in no case will be less than 5.5%. There was $1.4 million and $2.5 million outstanding under the line of credit and term loan, respectively, as of June 30, 2013, which are included in the line item “Other Debt” in the table above. There was no amount outstanding under the line of credit as of December 31, 2012; there was $2.5 million outstanding under the term loan as of December 31, 2012, which is included in the line item “Other Debt” in the table above. </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 false0DebtfalseDebtUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.icg.com/20130630/taxonomy/role/DisclosureDebt11