XML 57 R37.htm IDEA: XBRL DOCUMENT v3.20.1
Revolving Credit Facilities (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Derivative Liabilities at Fair Value
The following schedule shows the change in fair value of the ABL Embedded Derivative at December 31, 2019 (in thousands):
December 31, 2018
$

Issuance of associated debt (July 16, 2019)
599

Change in fair value
(102
)
December 31, 2019
$
497


The following schedule shows the change in fair value of the Term Loan Embedded Derivative at December 31, 2019 (in thousands):
December 31, 2018
$

Issuance of associated debt (July 16, 2019)
481

Change in fair value
(74
)
December 31, 2019
$
407


Schedule of Debt
The Company’s ABL Credit Facility at December 31, 2019 is summarized as follows (in thousands):
ABL Credit Facility outstanding
$
60,727

Less: Current portion of ABL Credit Facility for UK Borrowings
(593
)
Long-term portion of ABL Credit Facility
60,134

Less: ABL Embedded Derivative Discount(1)
(545
)
ABL Embedded Derivative Liability(2)
497

Total Revolving credit facility - non-current
$
60,086

 
 
(1) Original value of embedded derivative at July 16, 2019, less amortization.
(2) Value of embedded derivative as of December 31, 2019.

The Company’s Term Loan Credit Facility at December 31, 2019 is summarized as follows (in thousands):
Term Loan Credit Facility outstanding
$
97,500

Less: Current portion of Term Loan Credit Facility
(7,500
)
Long-term portion of Term Loan Credit Facility
90,000

Less: Original Issue Discount(1)
(7,702
)
Term Loan Embedded Derivative Liability(2)
407

Initial Warrant Liability(2)
6,537

Total Term Loan - Non-current
$
89,242

 
 
(1) Original value of OID attributable to debt issuance costs, warrant liability and embedded derivatives at July 16, 2019, less amortization.
(2) Value of warrant liability and embedded derivatives as of December 31, 2019.