XML 51 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
NOTES PAYABLE - NARRATIVE (Details)
1 Months Ended 3 Months Ended
Apr. 29, 2015
USD ($)
$ / shares
shares
Oct. 17, 2013
USD ($)
Feb. 28, 2013
USD ($)
Apr. 30, 2015
USD ($)
Oct. 31, 2013
USD ($)
shares
Jun. 30, 2016
USD ($)
installments
shares
Jun. 30, 2015
USD ($)
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
May 31, 2016
USD ($)
Mar. 31, 2016
USD ($)
Line of Credit Facility [Line Items]                      
Basis spread on variable rate   4.00%                  
Restricted cash           $ 8,983,000         $ 8,983,000
Payments of debt issuance costs           914,000 $ 3,618,000        
Gains (loss) on extinguishment of debt           0 (931,000)        
Long Term Portion           155,897,000         106,176,000
Revolving Credit Facility                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity           $ 53,523,000          
Number of quarterly payments | installments           28          
Recourse Notes Payable                      
Line of Credit Facility [Line Items]                      
Long term portion gross           $ 84,341,000         26,006,000
Long Term Portion           81,440,000         22,938,000
Debt Service Payment for 2013 and 2010 Credit Agreements                      
Line of Credit Facility [Line Items]                      
Restricted cash debt servicing           5,600,000         6,100,000
Prospect Loan                      
Line of Credit Facility [Line Items]                      
Restricted cash debt servicing           7,600,000         8,700,000
Restricted cash           1,000,000 1,000,000        
2013 Term Loans                      
Line of Credit Facility [Line Items]                      
Restricted cash           $ 5,800,000 5,800,000        
LIBOR                      
Line of Credit Facility [Line Items]                      
Basis spread on variable rate           0.65%          
Prospect Loan                      
Line of Credit Facility [Line Items]                      
Debt face amount     $ 70,000,000     $ 70,000,000         70,000,000
Basis spread on variable rate     9.00%                
Debt interest rate, stated rate     2.50%                
Guarantor maximum exposure annual limit           1,500,000          
Long Term Portion           65,990,000         66,543,000
Prospect Loan | Debt Instrument, Prepayment Period - Between Second And Third Anniversary                      
Line of Credit Facility [Line Items]                      
Prepayment premium     5.00%                
Prospect Loan | Debt Instrument, Prepayment Period - Between Third and Fourth Anniversary                      
Line of Credit Facility [Line Items]                      
Prepayment premium     4.00%                
Prospect Loan | Debt Instrument, Prepayment Period - Between Fourth and Fifth Anniversary                      
Line of Credit Facility [Line Items]                      
Prepayment premium     3.00%                
Prospect Loan | Debt Instrument, Prepayment Period - Between Fifth and Sixth Anniversary                      
Line of Credit Facility [Line Items]                      
Prepayment premium     2.00%                
Prospect Loan | Debt Instrument, Prepayment Period - Between Sixth and Seventh Anniversary                      
Line of Credit Facility [Line Items]                      
Prepayment premium     1.00%                
Prospect Loan | LIBOR                      
Line of Credit Facility [Line Items]                      
Debt variable rate basis floor     2.00%                
Convertible Notes | Convertible Debt                      
Line of Credit Facility [Line Items]                      
Debt face amount $ 64,000,000                    
Debt interest rate, stated rate 5.50%                    
Debt conversion ratio $ 1,000                    
Debt conversion ratio 82.45723                    
Debt conversion price (in dollars per share) | $ / shares $ 12.10                    
Debt repurchase price percentage 100.00%                    
Debt redemption price percentage 100.00%                    
Proceeds from issuance of unsecured debt $ 60,900,000                    
Treasury stock, shares acquired (shares) | shares 272,100                    
Treasury stock acquired $ 2,700,000                    
Interest expense           900,000 $ 600,000        
2013 Term Loans                      
Line of Credit Facility [Line Items]                      
Debt face amount     $ 130,000,000     125,087,000         125,087,000
Debt decrease assigned     $ 5,000,000                
Long Term Portion           3,106,000         9,738,000
Discount on debt instrument           $ 125,000         118,000
2013 Term Loans | LIBOR                      
Line of Credit Facility [Line Items]                      
Debt variable rate basis floor     1.00%                
Basis spread on variable rate     2.75%                
Debt variable rate basis           0.47%          
2013 Term Loans | Base Rate                      
Line of Credit Facility [Line Items]                      
Basis spread on variable rate     1.75%                
Cinedigm Credit Agreement                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity   $ 55,000,000                  
Cinedigm Credit Agreement | Line of Credit                      
Line of Credit Facility [Line Items]                      
Repayments of debt 18,600,000                    
Debt repurchased face amount 18,200,000                    
Cinedigm Credit Agreement | Eurodollar                      
Line of Credit Facility [Line Items]                      
Basis spread on variable rate   4.00%                  
Cinedigm Credit Agreement | Federal Funds Effective Swap Rate                      
Line of Credit Facility [Line Items]                      
Basis spread on variable rate   0.50%                  
Variable rate basis percentage of nation's largest banks   75.00%                  
Cinedigm Revolving Loans | Revolving Credit Facility                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity   $ 30,000,000                  
Cinedigm Revolving Loans | Recourse Notes Payable                      
Line of Credit Facility [Line Items]                      
Long term portion gross           $ 16,183,000         21,927,000
Cinedigm Revolving Loans | Revolving Credit Facility                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity           2,232,000       $ 22,000,000.0 30,000,000.0
Line of Credit Facility, Current Borrowing Capacity           0          
Line of credit minimum liquidity       $ 5,000,000.0              
Cinedigm Revolving Loans | LIBOR | Revolving Credit Facility                      
Line of Credit Facility [Line Items]                      
Debt variable rate basis floor       1.00%              
Cinedigm Revolving Loans | Base Rate | Revolving Credit Facility                      
Line of Credit Facility [Line Items]                      
Basis spread on variable rate       3.00%              
Debt variable rate basis   6.25%                  
Basis spread on variable rate minimum       1.00%              
Cinedigm Revolving Loans | Eurodollar | Revolving Credit Facility                      
Line of Credit Facility [Line Items]                      
Basis spread on variable rate       4.00%              
Debt variable rate basis   1.00%                  
Cinedigm Term Loans | Term Loans                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity   $ 25,000,000                  
Cinedigm Term Loans | Recourse Notes Payable                      
Line of Credit Facility [Line Items]                      
Long term portion gross           0         0
Cinedigm Term Loans | Base Rate | Term Loans                      
Line of Credit Facility [Line Items]                      
Basis spread on variable rate   5.00%                  
Cinedigm Term Loans | Eurodollar | Term Loans                      
Line of Credit Facility [Line Items]                      
Basis spread on variable rate   6.00%                  
2013 Notes | Recourse Notes Payable                      
Line of Credit Facility [Line Items]                      
Long term portion gross           $ 4,158,000         $ 4,079,000
2013 Notes | Senior Notes                      
Line of Credit Facility [Line Items]                      
Debt interest rate, stated rate         9.00%            
Debt conversion original debt amount         $ 5,000,000            
Discount on debt instrument         $ 1,600,000            
Number of securities called by warrants | shares         150,000            
Forward Stock Purchase Transaction | Convertible Notes | Convertible Debt                      
Line of Credit Facility [Line Items]                      
Treasury stock, shares acquired (shares) | shares           1,179,138.4          
Treasury stock acquired $ 11,400,000                    
Scenario, Forecast [Member] | Cinedigm Revolving Loans | Revolving Credit Facility                      
Line of Credit Facility [Line Items]                      
Capacity available for specific purpose other than for trade purchases               $ 2,000,000 $ 6,200,000