XML 102 R67.htm IDEA: XBRL DOCUMENT v3.10.0.1
Long-Term Debt Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2016
Dec. 31, 2017
Feb. 01, 2017
Feb. 17, 2007
Debt Instrument [Line Items]                
Convertible 2021 note hedge asset $ 54,490,000   $ 54,490,000     $ 46,680,000    
Convertible 2022 note hedge asset 54,858,000   54,858,000     46,915,000    
Issuance of warrants     0 $ 14,100,000 $ 12,376,000      
Payments for Repurchase of Common Stock     2,404,000 1,221,000        
Amortization of debt fees     1,246,000 985,000        
Convertible Subordinated Debt | Convertible Senior Subordinated Debentures at 4.125% February 2027                
Debt Instrument [Line Items]                
Debt Instrument, Face Amount               $ 135,000,000
Principal amount of liability component $ 0   $ 0       $ 13,350,000  
Interest rate (as a percent) 4.125%   4.125%          
Repurchase Price of Debentures, Percent of Principal Amount             100.00%  
Write off of Deferred Debt Issuance Cost       207,000        
Amortization of debt fees       311,000        
Convertible Subordinated Debt | Convertible Senior Notes at 5.00% February 2021 [Member]                
Debt Instrument [Line Items]                
Debt Instrument, Fee Amount $ 5,966,000   $ 5,966,000          
Debt Instrument, Face Amount $ 150,000,000   $ 150,000,000     150,000,000    
Interest rate (as a percent) 5.00%   5.00%          
Last Reported Sales Price Period, Common Stock     20 days          
Debt Instrument, Convertible, Threshold Consecutive Trading Days     30          
Percent of the Applicable Conversion Price 130.00%   130.00%          
Business Day Period     5 days          
Debt Instrument, Convertible, Threshold Trading Days     10          
Percent of the Product of the Last Reported Sale Price, Common Shares 98.00%   98.00%          
Convertible Senior Notes, Percentage of Principal Required for Repurchase 100.00%   100.00%          
Convertible Preferred Stock, Shares Issued upon Conversion 60.0492   60.0492          
Convertible Debt, Conversion Rate of Commmon Shares, Principal $ 1,000   $ 1,000          
Debt Instrument, Convertible, Conversion Price $ 16.65   $ 16.65          
Convertible Debt Conversion Feature, Fair Value at Issuance $ 34,480,000   $ 34,480,000          
Convertible 2021 debt conversion liability 61,136,000   61,136,000     53,154,000    
Convertible Debt Conversion Feature Gain (Loss) 5,609,000 $ 8,250,000 7,982,000 1,519,000        
Convertible due 2021 - Bond Hedge, Fair Value at Issuance 27,975,000   27,975,000          
Convertible Debt Note Hedge Gain (Loss) $ 5,896,000 7,789,000 $ 7,943,000 1,959,000        
Derivative, Price Risk Option Strike Price $ 22.4175   $ 22.4175          
Debt Instrument, Net Proceeds $ 144,034,000   $ 144,034,000          
Debt Instrument, Net Carrying Amount 126,217,000   126,217,000     122,355,000    
Debt Instrument, Fee Amount (3,146,000)   (3,146,000)     (3,745,000)    
Payments for Repurchase of Common Stock     5,000,000          
Derivative, Amount of Hedged Item (15,600,000)   (15,600,000)          
Debt Instrument, Unamortized Discount $ (20,637,000)   $ (20,637,000)     (23,900,000)    
Debt Instrument, Interest Rate, Effective Percentage 11.10%   11.10%          
Debt Instrument, Non-Cash Interest Expense Recognized in the Period $ 1,661,000 1,490,000 $ 3,263,000 2,928,000        
Debt Instrument, Increase, Accrued Interest 1,875,000 1,875,000 3,750,000 3,750,000        
Convertible Subordinated Debt | Convertible Senior Notes at 4.50% February 2022 [Domain]                
Debt Instrument [Line Items]                
Debt Instrument, Fee Amount 4,711,000   4,711,000          
Debt Instrument, Face Amount $ 120,000,000   $ 120,000,000     120,000,000    
Interest rate (as a percent) 4.50%   4.50%          
Last Reported Sales Price Period, Common Stock     20 days          
Debt Instrument, Convertible, Threshold Consecutive Trading Days     30          
Percent of the Applicable Conversion Price 130.00%   130.00%          
Business Day Period     5 days          
Debt Instrument, Convertible, Threshold Trading Days     10          
Percent of the Product of the Last Reported Sale Price, Common Shares 98.00%   98.00%          
Convertible Senior Notes, Percentage of Principal Required for Repurchase 100.00%   100.00%          
Convertible Preferred Stock, Shares Issued upon Conversion 61.6095   61.6095          
Convertible Debt, Conversion Rate of Commmon Shares, Principal $ 1,000   $ 1,000          
Debt Instrument, Convertible, Conversion Price $ 16.23   $ 16.23          
Convertible Debt Conversion Feature, Fair Value at Issuance $ 28,859,000   $ 28,859,000          
Convertible Debt 2022 Conversion Feature, Fair Value 61,061,000   61,061,000     53,414,000    
Convertible Debt Conversion Feature Gain (Loss) 5,837,000 4,392,000 7,647,000 4,392,000        
Convertible due 2022 - Bond Hedge, Fair Value at Issuance 24,780,000   24,780,000          
Convertible Debt Note Hedge Gain (Loss) $ 5,571,000 $ 3,802,000 $ 7,810,000 3,802,000        
Derivative, Price Risk Option Strike Price $ 21.4375   $ 21.4375          
Issuance of warrants     $ 14,100,000 14,100,000        
Debt Instrument, Net Proceeds $ 115,289,000   115,289,000          
Debt Instrument, Net Carrying Amount 92,509,000   92,509,000     89,675,000    
Debt Instrument, Fee Amount (3,500,000)   (3,500,000)     (3,947,000)    
Derivative, Amount of Hedged Item (10,680,000)   (10,680,000)          
Debt Instrument, Unamortized Discount $ (23,991,000)   $ (23,991,000)     $ (26,378,000)    
Debt Instrument, Interest Rate, Effective Percentage 10.90%   10.90%          
Debt Instrument, Non-Cash Interest Expense Recognized in the Period $ 1,203,000   $ 2,387,000 212,000        
Debt Instrument, Increase, Accrued Interest $ 1,350,000   2,700,000 $ 255,000        
Convertible Subordinated Debt | Convertible Senior Subordinated Debentures at 5.00% February 2021 [Domain]                
Debt Instrument [Line Items]                
Unamortized Financing Costs     $ 989,000          
Revolving Credit Facility | Line of Credit                
Debt Instrument [Line Items]                
Weighted average interest rate (as a percent) 4.78%   4.78%     4.84%    
Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Borrowing capacity $ 30,000,000   $ 30,000,000          
Line of Credit, Covenant Compliance, Maximum Borrowing Capacity, Trade Receivables, Europe, Percent     85.00%          
Minimum availability reserve 3,000,000   $ 3,000,000          
Line of Credit Facility, Covenant Feature, Dominion Trigger $ 3,375,000   $ 3,375,000          
Line of Credit Facility, Covenant Feature, Dominion Trigger Maximum Percentage 12.50%   12.50%          
Line of Credit Facility, Remaining Borrowing Capacity $ 14,822,000   $ 14,822,000          
Remaining borrowing capacity $ 10,000,000   $ 10,000,000          
Minimum required undrawn balance (as a percent) 11.25%   11.25%          
Consecutive business days for minimum undrawn balance     5 days          
Required undrawn balance, minimum $ 3,000,000   $ 3,000,000          
Interruption of material manufacturing facilities, period     10 days          
Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (New Credit Agreement)                
Debt Instrument [Line Items]                
Borrowing capacity 100,000,000   $ 100,000,000          
Additional increase in borrowing capacity available 25,000,000   $ 25,000,000          
Percentage of domestic accounts receivable     85.00%          
Percentage of eligible domestic inventory and in-transit inventory     70.00%          
Percentage of net orderly liquidation value of domestic inventory     85.00%          
Maximum value of net orderly liquidation value domestic inventory and in-transit inventory 4,000,000   $ 4,000,000          
Net orderly liquidation value of domestic eligible machinery and equipment     85.00%          
Additional amount of machinery and equipment 1,023,000   $ 1,023,000          
Percentage of eligible Canadian accounts receivable     85.00%          
Percentage of eligible Canadian inventory     70.00%          
Percentage of net orderly liquidation value of eligible Canadian inventory     85.00%          
Minimum availability reserve 5,000,000   $ 5,000,000          
Line of Credit Facility, Current Borrowing Capacity 23,835,000   23,835,000          
Line of Credit Facility, Covenant Feature, Dominion Trigger 11,250,000   11,250,000          
LIne of Credit Facility, Covenant Feature Dominion Trigger for Five Consecutive Days $ 12,500,000   $ 12,500,000          
Minimum required undrawn balance (as a percent) 11.25%   11.25%          
Line of Credit, Covenant Compliance, Consecutive Business Days for Undrawn_Balance     5 days          
Required undrawn balance, minimum $ 5,000,000   $ 5,000,000          
Interruption of material manufacturing facilities, period     10 days          
Letter of Credit                
Debt Instrument [Line Items]                
Line of Credit Facility, Fair Value of Amount Outstanding 3,126,000   $ 3,126,000     $ 2,945,000    
Letter of Credit | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Borrowing capacity 5,000,000   5,000,000          
Letter of Credit | Line of Credit | Revolving Credit and Security Agreement (New Credit Agreement)                
Debt Instrument [Line Items]                
Borrowing capacity 25,000,000   25,000,000          
Swing Line Loans | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Borrowing capacity 2,000,000   2,000,000          
Amount Available to Invacare Limited and Invacare Poirier SAS | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Borrowing capacity $ 15,000,000   $ 15,000,000          
Base Rate | Revolving Credit Facility | Line of Credit | Credit Agreement                
Debt Instrument [Line Items]                
Basis spread on variable rate     0.25%          
Minimum | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Commitment fee percentage     0.25%          
Minimum | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (New Credit Agreement)                
Debt Instrument [Line Items]                
Commitment fee percentage     0.25%          
Minimum | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Basis spread on variable rate     2.50%          
Minimum | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (New Credit Agreement)                
Debt Instrument [Line Items]                
Basis spread on variable rate     2.25%          
Minimum | Base Rate | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Basis spread on variable rate     2.50%          
Minimum | Base Rate | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (New Credit Agreement)                
Debt Instrument [Line Items]                
Basis spread on variable rate     1.25%          
Maximum | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Commitment fee percentage     0.375%          
Maximum | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (New Credit Agreement)                
Debt Instrument [Line Items]                
Commitment fee percentage     0.375%          
Maximum | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Basis spread on variable rate     3.00%          
Maximum | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (New Credit Agreement)                
Debt Instrument [Line Items]                
Basis spread on variable rate     2.75%          
Maximum | Base Rate | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (Europe Credit Agreement)                
Debt Instrument [Line Items]                
Basis spread on variable rate     3.00%          
Maximum | Base Rate | Revolving Credit Facility | Line of Credit | Revolving Credit and Security Agreement (New Credit Agreement)                
Debt Instrument [Line Items]                
Basis spread on variable rate     1.75%