XML 69 R49.htm IDEA: XBRL DOCUMENT v3.3.0.814
Bank Indebtedness and Long-Term Debt (Narrative) (Details)
€ in Thousands, CAD in Thousands, $ in Thousands
3 Months Ended 4 Months Ended 5 Months Ended 7 Months Ended 9 Months Ended 10 Months Ended
May. 08, 2014
CAD
Oct. 03, 2015
EUR (€)
Apr. 27, 2015
EUR (€)
May. 18, 2012
Jul. 27, 2012
CAD
Oct. 03, 2015
EUR (€)
Sep. 22, 2015
Oct. 30, 2015
Oct. 14, 2014
EUR (€)
Oct. 03, 2015
USD ($)
Jan. 03, 2015
EUR (€)
Jan. 03, 2015
USD ($)
Jul. 27, 2012
USD ($)
Debt Instrument [Line Items]                          
Line of Credit Facility, Amount Outstanding                   $ 117,000   $ 91,410  
Capital Lease Obligations                   3,824   4,965  
U S Line Of Credit [Member]                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Amount Outstanding                   21,390   6,263  
European Revolving Credit Facility [Member]                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Amount Outstanding                   $ 85,257   72,191  
Opta Minerals Inc [Member]                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Initiation Date       May 18, 2012                  
Debt, Weighted Average Interest Rate   6.23%       6.23%       6.23%      
Line Of Credit Facility Covenant Compliance   As described in note 1, as at June 30, 2015 and September 30, 2015, Opta Minerals was not in compliance with all of its financial covenants under its credit agreement. Failure to meet a financial covenant constitutes an event of default, unless the lenders agree to a waiver or amendment. On August 11, 2015, in respect of the June 30, 2015 default and October 30, 2015, in respect of the September 30, 2015 default, Opta Minerals obtained waivers in respect of the aforementioned covenant requirements from its lenders, provided that Opta Minerals meets certain additional financial covenants. As there is no assurance that Opta Minerals will be in compliance with all its financial covenants at all measurement dates within the next 12 months, the non-revolving term credit facility has been classified as current on the consolidated balance sheet as at October 3, 2015.       Over the last several years, Opta Minerals has periodically breached certain financial covenants under its credit agreement with a syndicate of lenders, including as at June 30, 2015 and September 30, 2015. As described in note 7, Opta Minerals obtained waivers from the lenders on August 11, 2015 in respect of the June 30, 2015 default and October 30, 2015, in respect of the September 30, 2015 default. In connection with these waivers, certain additional covenants were added from the date of the waivers through November 30, 2015. In addition, the lenders agreed to extend the maturity of Opta Minerals’ revolving term credit facility to November 30, 2015. Opta Minerals will require the continued support of its current financial lenders and, effective November 30, 2015, Opta Minerals will require another extension of its revolver and an additional waiver on future covenants, if breached, or an alternative source of financing. There can be no assurance that a further extension and additional waiver will be provided or that alternative sources of financing on terms favorable to Opta Minerals could be obtained to finance its operations and meet its obligations.              
Opta Minerals Inc [Member] | Cad Line Of Credit [Member]                          
Debt Instrument [Line Items]                          
Line Of Credit Facility Amendment Date May 08, 2014                        
Line of Credit Waiver for Covenant Requirements Aug. 11, 2015             Oct. 30, 2015          
Opta Minerals Inc [Member] | Cad Line Of Credit [Member] | USD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Amount Outstanding                   $ 10,353   12,956  
Opta Minerals Inc [Member] | Maximum [Member] | Cad Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate 5.50%                        
Opta Minerals Inc [Member] | Minimum [Member] | Cad Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate 2.00%                        
Organic Corporation [Member] | European Revolving Credit Facility [Member]                          
Debt Instrument [Line Items]                          
Debt, Weighted Average Interest Rate   2.44%       2.44%       2.44%      
Organic Corporation [Member] | European Revolving Credit Facility [Member] | EUR                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Initiation Date                 Oct. 14, 2014        
Line of Credit Facility, Maximum Borrowing Capacity | €                 € 92,500        
Line of Credit Facility, Amount Outstanding | €   € 76,094       € 76,094         € 58,205    
Debt Instrument, Description of Variable Rate Basis                 Interest costs under the Club Facility accrue based on the aggregate of: (i) a fixed loan margin of 1.75%; and (ii) a variable rate based on LIBOR or EURIBOR plus an applicable spread as set by the Lenders on a periodic basis.        
Organic Corporation [Member] | European Revolving Credit Facility [Member] | USD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Amount Outstanding                   $ 85,257   69,869  
Organic Corporation [Member] | European Revolving Credit Facility [Member] | Bulgaria Loan [Member]                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Initiation Date     May 22, 2013                    
Syndicate Lending Group [Member]                          
Debt Instrument [Line Items]                          
Line Of Credit Facility Amendment Date             Sep. 22, 2015            
Line of Credit Facility, Expiration Date         Jul. 27, 2016                
Debt, Weighted Average Interest Rate   2.08%       2.08%       2.08%      
Line Of Credit Facility Amended Expiration Date             Jan. 27, 2017            
Syndicate Lending Group [Member] | USD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Initiation Date         Jul. 27, 2012                
Syndicate Lending Group [Member] | Maximum [Member] | Cad Line Of Credit [Member] | CAD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity | CAD         CAD 10,000                
Syndicate Lending Group [Member] | Maximum [Member] | U S Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate         2.50%                
Syndicate Lending Group [Member] | Maximum [Member] | U S Line Of Credit [Member] | USD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity                         $ 165,000
Syndicate Lending Group [Member] | Maximum [Member] | Accordion Option [Member] | USD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity                         $ 50,000
Syndicate Lending Group [Member] | Minimum [Member] | U S Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate         1.75%                
Non Revolving Term Credit Facility [Member] | Opta Minerals Inc [Member] | Cad Line Of Credit [Member] | CAD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Expiration Date May 18, 2017                        
Debt Instrument, Frequency of Periodic Payment quarterly                        
Debt Instrument, Periodic Payment, Principal | CAD CAD 1,312                        
Non Revolving Term Credit Facility [Member] | Opta Minerals Inc [Member] | Maximum [Member] | CAD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity | CAD CAD 52,500                        
Revolving Acquisition Facility [Member] | Opta Minerals Inc [Member] | Cad Line Of Credit [Member] | CAD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Expiration Date Aug. 14, 2015                        
Line Of Credit Facility Amended Expiration Date Nov. 30, 2015                        
Revolving Acquisition Facility [Member] | Opta Minerals Inc [Member] | Maximum [Member] | CAD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity | CAD CAD 20,000                        
Working Capital [Member] | Organic Corporation [Member] | European Revolving Credit Facility [Member] | EUR                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity | €                 € 80,000        
Working Capital [Member] | Organic Corporation [Member] | European Revolving Credit Facility [Member] | Bulgaria Loan [Member]                          
Debt Instrument [Line Items]                          
Line Of Credit Facility Amendment Date     Apr. 27, 2015                    
Debt Instrument, Description of Variable Rate Basis     EURIBOR                    
Debt Instrument, Maturity Date     Apr. 30, 2016                    
Working Capital [Member] | Organic Corporation [Member] | European Revolving Credit Facility [Member] | Bulgaria Loan [Member] | Euro Interbank Offered Rate [Member]                          
Debt Instrument [Line Items]                          
Debt Instrument, Basis Spread on Variable Rate     2.75%                    
Working Capital [Member] | Organic Corporation [Member] | European Revolving Credit Facility [Member] | Bulgaria Loan [Member] | EUR                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity | €     € 4,500                    
Line of Credit Facility, Amount Outstanding | €   € 0       € 0         € 1,934    
Working Capital [Member] | Organic Corporation [Member] | European Revolving Credit Facility [Member] | Bulgaria Loan [Member] | USD                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Amount Outstanding                   $ 0   $ 2,322  
Commodity Hedging [Member] | Organic Corporation [Member] | European Revolving Credit Facility [Member] | EUR                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity | €                 5,000        
Stand by Letters Of Credit [Member] | Organic Corporation [Member] | European Revolving Credit Facility [Member] | EUR                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity | €                 5,000        
Currency Hedging [Member] | Organic Corporation [Member] | European Revolving Credit Facility [Member] | EUR                          
Debt Instrument [Line Items]                          
Line of Credit Facility, Maximum Borrowing Capacity | €                 € 2,500