XML 55 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Long-Term Debt and Financial Liabilities, Loan dated November 4, 2015 (Details)
$ in Thousands
6 Months Ended
Nov. 10, 2015
USD ($)
Nov. 04, 2015
USD ($)
Installment
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Jun. 29, 2018
Secured Credit Facilities [Abstract]          
Proceeds from drawdown     $ 43,050 $ 18,000  
Loan Agreement dated November 4, 2015 [Member]          
Secured Credit Facilities [Abstract]          
Borrowing capacity   $ 33,750      
Proceeds from drawdown $ 33,750        
Number of consecutive payment installments | Installment   16      
Frequency of periodic payment     Quarterly    
Installment payment   $ 844      
Balloon payment   $ 20,250      
Maturity date     Nov. 10, 2021    
Percentage of net income limit for declaring dividends   50.00%      
Term to meet consolidated installment and debt interest payments     18 months    
Loan Agreement dated November 4, 2015 [Member] | Minimum [Member]          
Secured Credit Facilities [Abstract]          
Market value of M/V Squireship to total facility outstanding ratio from April 1, 2019 until March 31, 2020         1
Market value of M/V Squireship to total facility outstanding ratio from April 1, 2020 until March 31, 2021         1.11
Market value of M/V Squireship to total facility outstanding ratio from April 1, 2021 thereafter         1.25
Corporate leverage ratio on December 31, 2018         0.85
Corporate leverage ratio on March 31, 2019         0.80
Corporate leverage ratio starting from June 1, 2019         0.75
Loan Agreement dated November 4, 2015 [Member] | Maximum [Member]          
Secured Credit Facilities [Abstract]          
EBITDA to net interest expense ratio until March 31, 2019         1.20
EBITDA to net interest expense ratio from April 1, 2019 thereafter         2
Loan Agreement dated November 4, 2015 [Member] | LIBOR [Member]          
Secured Credit Facilities [Abstract]          
Margin on variable rate   3.50%