XML 59 R48.htm IDEA: XBRL DOCUMENT v3.7.0.1
STOCKHOLDERS’ EQUITY (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Feb. 27, 2017
USD ($)
shares
Feb. 21, 2017
$ / shares
Oct. 13, 2016
$ / shares
Feb. 28, 2017
shares
Mar. 31, 2017
USD ($)
item
$ / shares
shares
Mar. 31, 2016
$ / shares
Dec. 31, 2016
USD ($)
Proceeds from Issuance of Convertible Preferred Stock | $         $ 65,000,000    
Quarterly dividend (in dollars per share) | $ / shares         $ 12.50 $ 18.75  
Value of stock issued | $         $ 65,000,000    
Warrants              
Shares that can be purchased out of each warrant         0.50    
Exercise price per half share | $ / shares         $ 5.75    
Exercise price per whole share | $ / shares         $ 11.50    
Number of fractional shares to be issued         0    
Total number of warrants outstanding         35,040,664    
Warrants to purchase shares of common stock         17,520,332    
Expiration term of public warrants         5 years    
Public Warrants [Member]              
Total number of warrants outstanding         19,959,908    
Warrants exercisable period         30 days    
Number of trading days in which the price per share should equals or exceeds $24.00 per share to call the Public Warrants for redemption | item         20    
Redemption price per warrant | $         $ 0.01    
Redemption price per warrant subject to stated common stock value | $ / shares         $ 24.00    
Number of trading days in which the common stock price equals or exceeds the specified price | item         20    
Private Warrants [Member]              
Total number of warrants outstanding         15,080,756    
Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc              
Proceeds from Issuance of Convertible Preferred Stock | $ $ 65,000,000            
Series A Convertible Preferred Stock Member              
Initial conversion rate per share         8.6957    
Initial conversion rate per share | $ / shares         $ 11.50    
Number of years of anniversary from issue date for holder elects to convert (in years)         7 years    
Number of consecutive trading days at option by delivery of Notice of Conversion (in days)         10 days    
Number of consecutive trading days commencing on trading day immediately following notice (in days)         20 days    
Shares would be issuable upon conversion of currently outstanding shares (in shares)         5,652,171    
Minimum percentage of weighted average price of common stock under preferred stock conversion on or after third anniversary (as a percent)         140.00%    
Minimum trading days of weighted average price of common stock under preferred stock conversion on or after third anniversary (in days)         20 days    
Maximum trading days of weighted average price of common stock under preferred stock conversion on or after third anniversary (in days)         30 days    
Minimum percentage of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (as a percent)         115.00%    
Minimum trading days of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (in days)         20 days    
Maximum trading days of weighted average price of common stock under preferred stock conversion on or after fifth anniversary (in days)         30 days    
Minimum trading days of weighted average price of common stock under preferred stock conversion on or after seventh anniversary (in days)         10 days    
Maximum days for conversion of preferred stock into common stock due to fundamental changes (in days)         15 days    
Base price for calculation of conversion rate | $ / shares         $ 100.00    
Percentage of closing sale price of common stock         66.67%    
Minimum percentage of shares of common stock owned by holder for limitation in preferred stock         9.99%    
Maximum percentage of shares can be converted to common stock         19.99%    
Preferred share liquidation amount per share | $ / shares         $ 100    
Dividend rate (as a percent)         7.625%    
Preferred stock dividend rate         7.625%    
Series A Convertible Preferred Stock Member | Maximum              
Number of business days following tenth consecutive trading day to convert shares (in days)         5 days    
Number of trading days from receipt of Notice of Conversion (in days)         2 days    
Series A Convertible Preferred Stock Member | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc              
Issuance of Series A Convertible Preferred Stock ( in shares)         650,000    
Proceeds from Issuance of Convertible Preferred Stock | $         $ 65,000,000    
Series A Convertible Preferred Stock Member | Private placement | Hennessy Capital Acquisition Corp II and HCAC Merger Sub Inc              
Issuance of Series A Convertible Preferred Stock ( in shares) 650,000            
Proceeds from Issuance of Convertible Preferred Stock | $ $ 65,000,000            
Series B Convertible Preferred Stock              
Quarterly dividend (in dollars per share) | $ / shares   $ 12.50 $ 18.75        
Conversion of Convertible Stock to common shares (in shares)       9,301,150      
Series B Convertible Preferred Stock | Accrued expenses and other liabilities              
Dividends | $             $ 1,200,000