XML 26 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Line of Credit
6 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Line of Credit
Line of Credit
The Company maintains a five-year senior secured revolving line of credit (the "line of credit"), with Wells Fargo Bank, N.A. ("Wells Fargo"), that provides for up to $75 million of borrowing capacity, subject to borrowing base availability, as defined in the agreement governing the line of credit. There were no amounts outstanding under the line of credit as of March 31, 2017 and September 30, 2016. During the three and six months ended March 31, 2017, the Company incurred less than $0.1 million and $0.1 million, respectively, in fees related to the unused portion of the line of credit commitment amount. There were no such fees incurred during the three and six months ended March 31, 2016. The line of credit contains certain customary representations and warranties, a financial covenant, affirmative and negative covenants, as well as events of default. The Company was in compliance with the line of credit covenants as of March 31, 2017 and September 30, 2016. Please refer to Note 11, "Line of Credit" to the Company's consolidated financial statements included in the 2016 Annual Report in the Form 10-K for further information on the line of credit arrangement.