XML 36 R82.htm IDEA: XBRL DOCUMENT v3.20.1
Commitments and Contingencies (Details)
3 Months Ended
Jan. 29, 2020
Jan. 27, 2020
USD ($)
shares
Dec. 10, 2019
USD ($)
Dec. 04, 2019
USD ($)
contract
Nov. 12, 2019
USD ($)
May 11, 2019
USD ($)
Oct. 01, 2018
USD ($)
Mar. 13, 2018
USD ($)
Jul. 29, 2013
USD ($)
Feb. 29, 2020
USD ($)
contract
Feb. 28, 2019
USD ($)
Dec. 01, 2019
USD ($)
Nov. 30, 2019
USD ($)
Jan. 12, 2017
appeal
Apr. 18, 2013
policy
Commitments and Contingencies [Line Items]                              
Lease expiration date                   Sep. 30, 2020          
Annual base rent                   $ 268,000          
Percentage of annual increase of base rent                   3.00%          
Operating lease liability                   $ 133,000          
Operating lease assets                   125,000          
Operating lease expense                   110,000          
Rent expense under operating lease                     $ 114,000        
Sublease annual base rent           $ 89,000 $ 78,000                
Sublease income                   40,000          
Sublease rental income                     $ 37,000        
Investment in life settlements fair value                         $ 1,297,000    
Proceeds from maturity of life settlements       $ 12,700,000                      
Pending Litigation                              
Commitments and Contingencies [Line Items]                              
Life insurance, policies issued | policy                             28
Compensatory damages sought in addition to an award of punitive damages                 $ 30,000,000            
Loss contingency, number of appeals | appeal                           2  
V.P. Chief Investment Officer                              
Commitments and Contingencies [Line Items]                              
Severance annual salary               $ 275,000              
Severance period               6 months              
Employee agreement term               1 year              
Employee agreement extension period               1 year              
Period to give written notice to terminate employment               60 days              
V.P. Chief Investment Officer | Mr. Simony Retention Agreement                              
Commitments and Contingencies [Line Items]                              
Severance annual salary         $ 1,000,000.0                    
Period covered by COBRA health insurance under employment agreement         12 months                    
Retention percentage payable upon employee entering into agreement 66.00%       66.00%                    
Retention percentage payable upon consummation of restructuring 33.00%       33.00%                    
Period after consummation of restructuring         3 days                    
Period after the amendment date 7 days                            
V.P. Chief Legal Officer and General Counsel                              
Commitments and Contingencies [Line Items]                              
Severance annual salary               $ 250,000              
Severance period               6 months              
Employee agreement term               1 year              
Employee agreement extension period               1 year              
Period to give written notice to terminate employment               60 days              
V.P. Chief Legal Officer and General Counsel | Mr. Werblowsky Retention Agreement                              
Commitments and Contingencies [Line Items]                              
Severance annual salary         $ 500,000                    
Period covered by COBRA health insurance under employment agreement         12 months                    
Retention percentage payable upon employee entering into agreement         66.00%                    
Retention percentage payable upon consummation of restructuring         33.00%                    
Period after consummation of restructuring         3 days                    
Cheif Financial Officer                              
Commitments and Contingencies [Line Items]                              
Severance annual salary                   $ 352,229          
Severance period                   12 months          
Change in control period                   2 years          
Base salary multiplier                   200.00%          
Cheif Financial Officer | Ms. Martinez Retention Agreement                              
Commitments and Contingencies [Line Items]                              
Severance annual salary     $ 700,000                        
Period covered by COBRA health insurance under employment agreement     18 months                        
Retention percentage payable upon employee entering into agreement     66.00%                        
Retention percentage payable upon consummation of restructuring     33.00%                        
Period after consummation of restructuring     3 days                        
Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Period after consummation of restructuring   30 days                          
Period after approval of restructuring   45 days                          
White Eagle                              
Commitments and Contingencies [Line Items]                              
Life insurance, number of policies | contract                   524          
Number of life insurance policies canceled | contract       2                      
Proceeds from maturity of life settlements       $ 2,000,000                      
Sun Life                              
Commitments and Contingencies [Line Items]                              
Number of life insurance policies canceled | contract       31                      
Investment in life settlements fair value       $ 163,500,000                      
Proceeds from maturity of life settlements       $ 36,100,000                      
Sun Life | Emergent Capital, Inc.                              
Commitments and Contingencies [Line Items]                              
Number of life insurance policies canceled | contract       2                      
Investment in life settlements fair value       $ 12,000,000                      
Proceeds from maturity of life settlements       12,700,000                      
Sun Life | Wilmington Trust                              
Commitments and Contingencies [Line Items]                              
Payments for maturity of life insurance policies       $ 10,000,000                      
Sun Life | White Eagle                              
Commitments and Contingencies [Line Items]                              
Life insurance, number of policies | contract       28                      
Investment in life settlements fair value       $ 141,500,000                      
Number of life insurance policies in receivable for maturity | contract       1                      
Receivable for maturity of life insurance policies       $ 10,000,000                      
Payments for maturity of life insurance policies       $ 13,400,000                      
Payable after the grant | Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Bonus payable in cash   $ 400,000                          
Payable upon consummation of Restructuring | Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Bonus payable in cash   300,000                          
Payable if the Company effects the Restructuring | Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Bonus payable in cash   300,000                          
Payable under the approved Restructuring budget (at least) | Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Bonus payable in cash   $ 600,000                          
Restricted Stock | Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Bonus stock awards reserved for issuance (in shares) | shares   1,000,000                          
Restricted Stock | First anniversary of the grant date | Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Bonus awards vesting percentage   33.33%                          
Restricted Stock | Second anniversary of the grant date | Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Bonus awards vesting percentage   33.33%                          
Restricted Stock | Third anniversary of the grant date | Chief Executive Officer | Mr. Simony Bonus                              
Commitments and Contingencies [Line Items]                              
Bonus awards vesting percentage   33.33%                          
ASU 2016-02                              
Commitments and Contingencies [Line Items]                              
Operating lease liability                       $ 203,000      
Operating lease assets                       $ 179,000