XML 39 R52.htm IDEA: XBRL DOCUMENT v3.19.3
Long-Term Debt (Narrative) (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Aug. 12, 2019
Jun. 10, 2019
Dec. 10, 2018
Aug. 07, 2018
Jul. 02, 2016
Sep. 30, 2019
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Jul. 01, 2016
Disclosure Long Term Debt Additional Information [Line Items]                    
Proceeds from issuance of long-term debt               $ 107,607,000    
Long-term debt           $ 439,081,000 $ 439,081,000   $ 610,787,000  
Line of credit facility, current borrowing capacity           24,400,000 24,400,000      
Interest Rate Cap [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Derivative Notional Amounts             300,000,000      
Interest Rate Swap [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Derivative Notional Amounts     $ 300,000,000           $ 300,000,000  
Derivative, maturing in 2021             150,000,000      
Derivative, maturing in 2022             150,000,000      
Derivative loss           400,000 900,000      
Other comprehensive income (loss) reclassification due to de-designation             $ 400,000      
Revolving Credit Facility [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Repayments of debt   $ 109,600,000                
BoA Credit Agreement [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument period of credit agreement       5 years            
Proceeds from issuance of long-term debt         $ 335,000,000          
Debt instrument covenant payment percentage of intellectual property disposed liquidation value             50.00%      
Debt instrument covenant payment percentage of net proceeds related to other assets constituting collateral             100.00%      
Debt instrument orderly liquidation value of registered trademarks percentage benchmark             15.00%      
Debt instrument, covenant description             (i) maintain a positive net income, (ii) satisfy a maximum loan to value ratio initially set at 50.0% (applicable to the Amended Revolving Loans and Amended Tranche A Loans) decreasing over the term of the Amended BoA Credit Agreement until reaching a final maximum loan to value ratio of 42.5% and (iii) satisfy a maximum consolidated first lien leverage ratio, initially set at 3.875:1:00, decreasing over the term of the Amended BoA Credit Agreement until reaching a final maximum ratio of 2.875:1.00 for the fiscal quarter ending September 30, 2022 and thereafter.      
Debt instrument, description             (i) the loans outstanding under the Amended BoA Credit Agreement plus, (a) where intellectual property is disposed, 50.0% of the disposed intellectual property's orderly liquidation value, and (b) where any other assets constituting collateral are disposed or upon the receipt of certain insurance proceeds, 100% of the net proceeds thereof, subject to certain reinvestment rights; and (ii) the Amended Tranche A-1 Loans to the extent that the outstanding principal amount thereof exceeds 15.0% of the orderly liquidation value of the registered trademarks owned by the BoA Facility Loan Parties.      
Debt instrument, covenant compliance             At September 30, 2019, the Company is in compliance with the covenants included in the Amended BoA Credit Agreement.      
BoA Term Loans [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, periodic payment             $ 5,000,000      
Debt instrument, date of first required payment             Sep. 30, 2016      
Tranche A [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Maximum loan to value ratio             50.00%      
Tranche A [Member] | Revolving Credit Facility [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Consolidated first lien leverage ratio             2.80%      
Line of credit facility, covenant terms             (i) the Revolving Credit Facility and Tranche A Loans as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed 2.80:1.00 and (ii) the Tranche A-1 Loans, as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed (a) with respect to any increase, the proceeds of which will be used solely to finance an acquisition, 3.00:1.00 and (b) with respect to any other increase, 2.90:1.00, subject to the satisfaction of certain conditions in the Amended BoA Credit Agreement.      
Tranche A -1 Term Loans [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Deferred financing costs             $ 600,000      
Repayments of debt   $ 44,400,000                
Revolving Loans [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Long-term debt                   $ 115,000,000
Maximum loan to value ratio             50.00%      
Revolving Loans [Member] | Notes Payable to Banks [Member] | London Interbank Offered Rate (LIBOR) [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate             3.50%      
GSO Credit Agreement [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, covenant description             (a) in the event the consolidated total leverage ratio was at least 4.00:1.00, 75% thereof, (b) in the event the consolidated total leverage ratio was less than 4.00:1.00 but at least 3.00:1.00, 50% thereof and (c) in the event the consolidated total leverage ratio was less than 3.00:1.00, 0% thereof.      
Line of credit facility, interest rate description             (i) the LIBOR rate plus 8.75% per annum or (ii) the base rate plus 7.75% per annum.      
Debt instrument, covenant compliance             At September 30, 2019, the Company is in compliance with the covenants included in the Amended FS/KKR Credit Agreement.      
GSO Credit Agreement Reinvestment Rights Scenario Three [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument covenant payment percentage of net proceeds related to other assets constituting collateral             0.00%      
Amended KKR Credit Agreement [Member] | Scenario Plan One [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument covenant payment percentage of net proceeds related to other assets constituting collateral             75.00%      
Amended KKR Credit Agreement [Member] | Scenario Plan Two [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument covenant payment percentage of net proceeds related to other assets constituting collateral             50.00%      
Amended FS/KKR Credit Agreement [Member] | August 2018 Debt Facilities Member                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Quarterly amortization payments $ 1,000,000                  
Netting of cash for calculating leverage ratio covenant 5,000,000                  
Amended FS/KKR Credit Agreement [Member] | Revolving Credit Facility [Member] | August 2018 Debt Facilities Member                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Line of credit facility, maximum borrowing capacity 30,000,000                  
Deferred financing costs           $ 3,300,000        
FS/KKR Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate             8.75%      
FS/KKR Credit Agreement [Member] | Base Rate [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate             7.75%      
FS/KKR Credit Agreement [Member] | Senior secured term loan facility                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, face amount                   314,000,000
Debt instrument consolidated total leverage ratio             6.00%      
New Amended FS/KKR Credit Agreement [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Quarterly amortization payments $ 1,000,000                  
Debt instrument covenant payment percentage of intellectual property disposed liquidation value         50.00%          
Debt instrument covenant payment percentage of net proceeds related to other assets constituting collateral         100.00%          
Debt instrument, covenant description             (i) a maximum consolidated total leverage ratio, initially set at 7.25:1.00, decreasing over the term of the Amended FS/KKR Credit Agreement until reaching a final maximum ratio of 6.25:1.00 for the fiscal quarter ending September 30, 2022 and thereafter and (ii) a maximum consolidated first lien leverage ratio, initially set at 3.875:1.00, decreasing over the term of the Amended FS/KKR Credit Agreement until reaching a final maximum ratio of 2.875:1.00 for the fiscal quarter ending September 30, 2022 and thereafter      
New Amended FS/KKR Credit Agreement [Member] | Scenario Plan One [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Consolidated first lien leverage ratio             3.875%      
Final consolidated total leverage ratio             7.25%      
New Amended FS/KKR Credit Agreement [Member] | Scenario Plan Two [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Consolidated first lien leverage ratio             2.875%      
Final consolidated total leverage ratio             6.25%      
New Amended FS/KKR Credit Agreement [Member] | Additional Loan Facility [Member] | Scenario Plan Three [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Consolidated total leverage ratio             6.00%      
Third Amended BoA Credit Agreement [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Long-term debt                   335,000,000
Amended BoA Revolving Credit Commitments [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Line of credit facility, maximum borrowing capacity                   130,000,000
Line of credit facility, unused capacity, commitment fee percentage             0.375%      
Consolidated first lien leverage ratio       3.875%            
Final consolidated first lien leverage ratio       2.875%            
Third Amended BoA Tranche A-1 Loans [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, face amount                   70,000,000
Long-term debt                   70,000,000
Third Amended BoA Tranche A-1 Loans [Member] | London Interbank Offered Rate (LIBOR) [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate             7.00%      
Third Amended BoA Tranche A-1 Loans [Member] | Base Rate [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate             6.00%      
Amended BoA Revolving Loans and Amended Tranche A Loans [Member] | London Interbank Offered Rate (LIBOR) [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate             3.50%      
Amended BoA Revolving Loans and Amended Tranche A Loans [Member] | Base Rate [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate             2.50%      
Third Amended BoA Tranche A Loans [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, face amount                   150,000,000
Long-term debt                   $ 150,000,000
New Amended BoA Credit Agreement [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Consolidated first lien leverage ratio             2.90%      
Maximum | Tranche A [Member] | Scenario Plan One [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Consolidated first lien leverage ratio             2.80%      
Maximum | Amended KKR Credit Agreement [Member] | Scenario Plan Two [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument consolidated total leverage ratio             4.00%      
Maximum | Amended KKR Credit Agreement [Member] | Scenario Plan Three [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument consolidated total leverage ratio             3.00%      
Maximum | Third Amended BoA Credit Agreement [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Maximum loan to value ratio       42.50%            
Maximum | Third Amended BoA Tranche A-1 Loans [Member] | London Interbank Offered Rate (LIBOR) [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate       6.00%            
Maximum | Third Amended BoA Tranche A-1 Loans [Member] | Base Rate [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate       5.00%            
Maximum | Amended BoA Revolving Loans and Amended Tranche A Loans [Member] | London Interbank Offered Rate (LIBOR) [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate       3.00%            
Maximum | Amended BoA Revolving Loans and Amended Tranche A Loans [Member] | Base Rate [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument, basis spread on variable rate       2.00%            
Minimum [Member] | Tranche A -1 Term Loans [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Consolidated first lien leverage ratio             3.00%      
Minimum [Member] | Amended KKR Credit Agreement [Member] | Scenario Plan One [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument consolidated total leverage ratio             4.00%      
Minimum [Member] | Amended KKR Credit Agreement [Member] | Scenario Plan Three [Member]                    
Disclosure Long Term Debt Additional Information [Line Items]                    
Debt instrument consolidated total leverage ratio             3.00%