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10-Q
|
0000897101-17-001414
|
2017-11-08T16:09:14+00:00
|
20170930
|
INDUSTRIAL SERVICES OF AMERICA INC
|
170.0 thousand stock options, including 20.0 thousand granted in January 2015, previously granted to the CFO in exchange for the grant of
|
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"End date for period": "2017-09-30",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 0,
"Start date for period": "2017-01-01",
"Value": 170000
},
{
"Currency / Unit": "shares",
"End character": 44,
"End date for period": "2015-01-15",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod",
"Start character": 40,
"Start date for period": "2015-01-14",
"Value": 20000
}
] |
10-Q
|
0000897101-17-001414
|
2017-11-08T16:09:14+00:00
|
20170930
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The RSUs vest as follows if and to the extent that the CFO remains employed by the Company through each of the following dates: (i) on July 1, 2016, 50.00% (45,000) of the RSUs vest and become nonforfeitable; (ii) on December 31, 2016, 12.50% (11,250) of the RSUs vest and become nonforfeitable; (iii) on June 30, 2017, 12.50% (11,250) of the RSUs vest and become nonforfeitable; (iv) on December 31, 2017, 12.50% (11,250) of the RSUs vest and become nonforfeitable; and (v) on June 15, 2018, 12.50% (11,250) of the RSUs vest and become nonforfeitable. Each RSU represents the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU Agreement and the Plan. The CFO has continued his employment by the Company through September 30, 2017 and the related 67,500 RSUs vested and became nonforfeitable.
|
[
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"Start date for period": "2017-01-01",
"Value": 0.5
},
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"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage",
"Start character": 236,
"Start date for period": "2017-01-01",
"Value": 0.125
},
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"Start date for period": "2017-01-01",
"Value": 0.125
}
] |
10-Q
|
0000897101-17-001414
|
2017-11-08T16:09:14+00:00
|
20170930
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Under a retention agreement with the Company's CFO dated March 25, 2016, the Company will pay the CFO bonuses of $100.0 thousand and $125.0 thousand on each of December 31, 2016 and December 31, 2017, respectively, as long as he remains employed with the Company on those dates. The December 31, 2016 bonus of $100.0 thousand was paid during the three month period ended March 31, 2017. If the CFO's employment is terminated without cause during 2017, the Company is required to pay him an amount equal to $125.0 thousand times the quotient of the number of full months employed in 2017 divided by 12.
|
[
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"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
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"Start date for period": "2016-12-31",
"Value": 100000
},
{
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"End character": 139,
"End date for period": "2017-12-31",
"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
"Start character": 134,
"Start date for period": "2017-12-31",
"Value": 125000
},
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"Value": 100000
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"Start character": 508,
"Start date for period": "2017-12-31",
"Value": 125000
}
] |
10-Q
|
0000897101-17-001414
|
2017-11-08T16:09:14+00:00
|
20170930
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On September 30, 2016, the Company entered into retention agreements ("Retention Agreements") with certain management employees (individually "Staff Member"). Under the Retention Agreement, if the Staff Member remains continuously employed by the Company through and including the date which is the first to occur of: (a) the date of a change in control of the Company; (b) the date the Staff Member is terminated without cause; and (c) December 31, 2017, the Company will pay the Staff Member a bonus in an amount equal to 25% of the Staff Member's then-current annual base salary. At September 30, 2016, the Company estimated this liability to be $132.7 thousand. The Company evaluates the liability on an ongoing basis, and will expense the liability through December 31, 2017 unless determined otherwise. The Company has accrued $106.2 thousand as of September 30, 2017.
|
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"Label": "idsa:PercentageOfBonusToBePaidOnAnnualBaseSalary",
"Start character": 524,
"Start date for period": "2017-12-31",
"Value": 0.25
},
{
"Currency / Unit": "USD",
"End character": 656,
"End date for period": "2016-09-30",
"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
"Start character": 651,
"Start date for period": "2016-09-30",
"Value": 132700
},
{
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"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
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"Start date for period": "2017-09-30",
"Value": 106200
}
] |
10-Q
|
0000897101-17-001414
|
2017-11-08T16:09:14+00:00
|
20170930
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On September 30, 2016, the Company entered into retention agreements ("Retention Agreements") with certain management employees (individually "Staff Member"). Under the Retention Agreement, if the Staff Member remains continuously employed by the Company through and including the date which is the first to occur of: (a) the date of a change in control of the Company; (b) the date the Staff Member is terminated without cause; and (c) December 31, 2017, the Company will pay the Staff Member a bonus in an amount equal to 25% of the Staff Member's then-current annual base salary. At September 30, 2016, the Company estimated this liability to be $132.7 thousand. The Company evaluates the liability on an ongoing basis, and will expense the liability through December 31, 2017 unless determined otherwise
|
[
{
"Currency / Unit": "pure",
"End character": 526,
"End date for period": "2017-12-31",
"Label": "idsa:PercentageOfBonusToBePaidOnAnnualBaseSalary",
"Start character": 524,
"Start date for period": "2017-12-31",
"Value": 0.25
},
{
"Currency / Unit": "USD",
"End character": 656,
"End date for period": "2016-09-30",
"Label": "us-gaap:AccruedBonusesCurrentAndNoncurrent",
"Start character": 651,
"Start date for period": "2016-09-30",
"Value": 132700
}
] |
10-Q
|
0000897101-17-001414
|
2017-11-08T16:09:14+00:00
|
20170930
|
INDUSTRIAL SERVICES OF AMERICA INC
|
5% of the Company's outstanding common stock. Pursuant to the Director Designation Agreement, the Company and RCP agreed that the designation and appointment of the Designated Director nominees will not violate applicable law and will not cause the Company to become delisted from any securities exchange or other trading market.
|
[
{
"Currency / Unit": "pure",
"End character": 1,
"End date for period": "2014-06-13",
"Label": "idsa:PercentageOfStockOwnedByInvestor",
"Start character": 0,
"Start date for period": "2014-06-13",
"Value": 0.05
}
] |
10-Q
|
0001445305-17-000053
|
2017-11-07T16:33:11+00:00
|
20170930
|
WORKIVA INC
|
Our Employee Stock Purchase Plan (“ESPP”) became effective on June 13, 2017. Under the ESPP, eligible employees are granted options to purchase shares of Class A common stock at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. Options to purchase shares are granted twice yearly on or about January 15 and July 15 and are exercisable on or about the succeeding July 14 and January 14, respectively, of each year. As of September 30, 2017, 5,000,000 shares of common stock were available for issuance under the ESPP. No participant may purchase more than $12,500 worth of common stock in a six-month offering period. The ESPP's initial offering period began in July 2017. Accordingly, no shares of common stock had been purchased or distributed pursuant to the ESPP as of September 30, 2017.
|
[
{
"Currency / Unit": "utr:Rate",
"End character": 193,
"End date for period": "2017-06-13",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent",
"Start character": 191,
"Start date for period": "2017-06-13",
"Value": 0.85
},
{
"Currency / Unit": "utr:Rate",
"End character": 259,
"End date for period": "2017-06-13",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent",
"Start character": 257,
"Start date for period": "2017-06-13",
"Value": 0.85
}
] |
10-Q
|
0001445305-17-000053
|
2017-11-07T16:33:11+00:00
|
20170930
|
WORKIVA INC
|
Options to purchase Class A common stock generally vest over a three- or four-year period and are generally granted for a term of ten years. The total intrinsic value of options exercised during the nine months ended September 30, 2017 and 2016 was $5.5 million
|
[
{
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"End character": 253,
"End date for period": "2017-09-30",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue",
"Start character": 250,
"Start date for period": "2017-01-01",
"Value": 5500000
}
] |
10-Q
|
0001445305-17-000053
|
2017-11-07T16:33:11+00:00
|
20170930
|
WORKIVA INC
|
The weighted-average grant-date fair value of options granted during the nine months ended September 30, 2017 and 2016 was $6.41 and $6.78, respectively. The total fair value of options vested during the nine months ended September 30, 2017 and 2016 was approximately $7.7 million and $6.9 million, respectively. Total unrecognized compensation expense of $20.5 million related to options will be recognized over a weighted-average period of
|
[
{
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"End character": 272,
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"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1",
"Start character": 269,
"Start date for period": "2017-01-01",
"Value": 7700000
},
{
"Currency / Unit": "USD",
"End character": 289,
"End date for period": "2016-09-30",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1",
"Start character": 286,
"Start date for period": "2016-01-01",
"Value": 6900000
},
{
"Currency / Unit": "USD",
"End character": 361,
"End date for period": "2017-09-30",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions",
"Start character": 357,
"Start date for period": "2017-09-30",
"Value": 20500000
}
] |
10-Q
|
0001445305-17-000053
|
2017-11-07T16:33:11+00:00
|
20170930
|
WORKIVA INC
|
Compensation expense associated with unvested restricted stock awards is recognized on a straight-line basis over the vesting period. At September 30, 2017, there was approximately $0.8 million of total unrecognized compensation expense related to restricted stock awards, which is expected to be recognized over a weighted-average period of
|
[
{
"Currency / Unit": "USD",
"End character": 185,
"End date for period": "2017-09-30",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions",
"Start character": 182,
"Start date for period": "2017-09-30",
"Value": 800000
}
] |
10-Q
|
0001445305-17-000053
|
2017-11-07T16:33:11+00:00
|
20170930
|
WORKIVA INC
|
We have granted restricted stock units to our executive officers that vest in three equal annual installments from the date of grant and to non-employee members of our Board of Directors with one-year cliff vesting from the date of grant. The recipient of a restricted stock unit award under the Plan will have no rights as a stockholder until share certificates are issued by us, but, at the discretion of our Compensation Committee, has the right to receive a dividend equivalent payment in the form of additional restricted stock units. Additionally, until the shares are issued, they have no voting rights and may not be bought or sold. The fair value for restricted stock units is calculated based on the stock price on the date of grant. The total fair value of restricted stock units vested during the nine months ended September 30, 2017 was approximately $2.5 million. No restricted stock units vested during the nine months ended September 30, 2016.
|
[
{
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"End character": 868,
"End date for period": "2017-09-30",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue",
"Start character": 865,
"Start date for period": "2017-01-01",
"Value": 2500000
}
] |
10-Q
|
0001445305-17-000053
|
2017-11-07T16:33:11+00:00
|
20170930
|
WORKIVA INC
|
Compensation expense associated with unvested restricted stock units is recognized on a straight-line basis over the vesting period. At September 30, 2017, there was approximately $6.5 million of total unrecognized compensation expense related to restricted stock units, which is expected to be recognized over a weighted-average period of
|
[
{
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"End character": 184,
"End date for period": "2017-09-30",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions",
"Start character": 181,
"Start date for period": "2017-09-30",
"Value": 6500000
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
Net pre-tax unrealized gains for marketable securities of $12,000 at September 30, 2017 and net pre-tax unrealized losses for marketable securities of $19,000 at December 31, 2016 were recorded as a component of accumulated other comprehensive loss in stockholders’ equity. No marketable securities were sold in the nine months ended September 30, 2017 or the three months ended September 30, 2016. We received proceeds from the sale of marketable securities in the nine months ended September 30, 2016 of $1.4 million. No gain or loss was recognized from the sale of marketable securities during the 2016 period.
|
[
{
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"End character": 276,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities",
"Start character": 274,
"Start date for period": "2017-01-01",
"Value": 0
},
{
"Currency / Unit": "USD",
"End character": 510,
"End date for period": "2016-09-30",
"Label": "us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities",
"Start character": 507,
"Start date for period": "2016-01-01",
"Value": 1400000
},
{
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"End character": 522,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities",
"Start character": 520,
"Start date for period": "2017-01-01",
"Value": 0
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
No marketable securities were sold in the nine months ended September 30, 2017 or the three months ended September 30, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 2,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities",
"Start character": 0,
"Start date for period": "2017-01-01",
"Value": 0
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
We received proceeds from the sale of marketable securities in the nine months ended September 30, 2016 of $1.4 million. No
|
[
{
"Currency / Unit": "USD",
"End character": 111,
"End date for period": "2016-09-30",
"Label": "us-gaap:ProceedsFromSaleOfAvailableForSaleSecurities",
"Start character": 108,
"Start date for period": "2016-01-01",
"Value": 1400000
},
{
"Currency / Unit": "USD",
"End character": 123,
"End date for period": "2016-09-30",
"Label": "us-gaap:AvailableForSaleSecuritiesGrossRealizedGainLossNet",
"Start character": 121,
"Start date for period": "2016-01-01",
"Value": 0
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
Our investments in marketable debt securities all have maturities of less than five years. At September 30, 2017, marketable debt securities valued at $2.0 million were in an unrealized gain position totaling $1,000, and marketable debt securities valued at $13.6 million were in an unrealized loss position totaling $31,000 (all of these securities had been in an unrealized loss position for less than 12 months). At December 31, 2016, marketable debt securities valued at $6.4 million were in an unrealized gain position totaling $6,000, and marketable debt securities valued at $8.8 million were in an unrealized loss position totaling $36,000 (all of these securities had been in an unrealized loss position for less than 12 months).
|
[
{
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"End character": 155,
"End date for period": "2017-09-30",
"Label": "us-gaap:AvailableForSaleSecurities",
"Start character": 152,
"Start date for period": "2017-09-30",
"Value": 2000000
},
{
"Currency / Unit": "USD",
"End character": 263,
"End date for period": "2017-09-30",
"Label": "us-gaap:AvailableForSaleSecurities",
"Start character": 259,
"Start date for period": "2017-09-30",
"Value": 13600000
},
{
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"End character": 479,
"End date for period": "2016-12-31",
"Label": "us-gaap:AvailableForSaleSecurities",
"Start character": 476,
"Start date for period": "2016-12-31",
"Value": 6400000
},
{
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"End character": 586,
"End date for period": "2016-12-31",
"Label": "us-gaap:AvailableForSaleSecurities",
"Start character": 583,
"Start date for period": "2016-12-31",
"Value": 8800000
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
Investments in marketable securities classified as cash equivalents of $3.2 million at September 30, 2017 and $5.2 million at December 31, 2016 consist of the following:
|
[
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"End character": 75,
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"Label": "cybe:MarketableSecuritiesClassifiedAsCashEquivalentsCost",
"Start character": 72,
"Start date for period": "2017-09-30",
"Value": 3200000
},
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"Label": "cybe:MarketableSecuritiesClassifiedAsCashEquivalentsCost",
"Start character": 111,
"Start date for period": "2016-12-31",
"Value": 5200000
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
The intrinsic value of an option is the amount by which the market price of the underlying stock exceeds the option's exercise price. For options outstanding at September 30, 2017, the weighted average remaining contractual term of all outstanding options was 4.2 years and their aggregate intrinsic value was $3.8 million. At September 30, 2017, the weighted average remaining contractual term of options that were exercisable was 3.7 years and their aggregate intrinsic value was $2.0 million. The aggregate intrinsic value of stock options exercised in the nine months ended September 30, 2017 was $679,000. We received proceeds from stock option exercises of $330,000 in the nine months ended September 30, 2017 and $425,000 in the nine months ended September 30, 2016. The total fair value of options that vested in the nine months ended September 30, 2017 was $130,000.
|
[
{
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"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue",
"Start character": 311,
"Start date for period": "2017-09-30",
"Value": 3800000
},
{
"Currency / Unit": "USD",
"End character": 486,
"End date for period": "2017-09-30",
"Label": "us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1",
"Start character": 483,
"Start date for period": "2017-09-30",
"Value": 2000000
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
We have an Employee Stock Purchase Plan available to eligible U.S. employees. Under terms of the plan, eligible employees may designate from 1% to 10% of their compensation to be withheld through payroll deductions, up to a maximum of $6,500 in each plan year, for the purchase of common stock at 85% of the lower of the market price on the first or last day of the offering period. Shares issued under this plan totaled 18,404 shares in the nine months ended September 30, 2017 and 36,481 shares in the nine months ended September 30, 2016. As of September 30, 2017, 40,872 shares remain available for future issuance under the Employee Stock Purchase Plan.
|
[
{
"Currency / Unit": "pure",
"End character": 142,
"End date for period": "2017-09-30",
"Label": "cybe:PayrollDeductionForEmployeeStockPurchasePlanPercentage",
"Start character": 141,
"Start date for period": "2017-01-01",
"Value": 0.01
},
{
"Currency / Unit": "pure",
"End character": 149,
"End date for period": "2017-09-30",
"Label": "cybe:PayrollDeductionForEmployeeStockPurchasePlanPercentage",
"Start character": 147,
"Start date for period": "2017-01-01",
"Value": 0.1
},
{
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"End character": 299,
"End date for period": "2017-09-30",
"Label": "cybe:LowerOfMarketPriceFirstOrLastDayOfOfferingPercentage",
"Start character": 297,
"Start date for period": "2017-01-01",
"Value": 0.85
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
85% of the lower of the market price on the first or last day of the offering period. Shares issued under this plan totaled 18,404 shares in the nine months ended September 30, 2017 and 36,481 shares in the nine months ended September 30, 2016.
|
[
{
"Currency / Unit": "pure",
"End character": 2,
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"Label": "cybe:LowerOfMarketPriceFirstOrLastDayOfOfferingPercentage",
"Start character": 0,
"Start date for period": "2017-01-01",
"Value": 0.85
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
At September 30, 2017, the total unrecognized compensation cost related to outstanding non-vested stock based compensation arrangements was $1.3 million, and the related weighted average period over which this cost is expected to be recognized is 1.25 years.
|
[
{
"Currency / Unit": "USD",
"End character": 144,
"End date for period": "2017-09-30",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
"Start character": 141,
"Start date for period": "2017-09-30",
"Value": 1300000
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
$1.3 million, and the related weighted average period over which this cost is expected to be recognized is
|
[
{
"Currency / Unit": "USD",
"End character": 4,
"End date for period": "2017-09-30",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
"Start character": 1,
"Start date for period": "2017-09-30",
"Value": 1300000
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
Export sales as a percentage of total sales in the three and nine months ended September 30, 2017 were 66% and 73%, respectively. Export sales as a percentage of total sales in the three and nine months ended September 30, 2016 were 84% and 83%, respectively. Virtually all of our export sales are negotiated, invoiced and paid in U.S. dollars. Export sales by geographic area are summarized as follows:
|
[
{
"Currency / Unit": "pure",
"End character": 105,
"End date for period": "2017-09-30",
"Label": "cybe:RevenueExportSalesPercentage",
"Start character": 103,
"Start date for period": "2017-07-01",
"Value": 0.66
},
{
"Currency / Unit": "pure",
"End character": 113,
"End date for period": "2017-09-30",
"Label": "cybe:RevenueExportSalesPercentage",
"Start character": 111,
"Start date for period": "2017-01-01",
"Value": 0.73
},
{
"Currency / Unit": "pure",
"End character": 235,
"End date for period": "2016-09-30",
"Label": "cybe:RevenueExportSalesPercentage",
"Start character": 233,
"Start date for period": "2016-07-01",
"Value": 0.84
},
{
"Currency / Unit": "pure",
"End character": 243,
"End date for period": "2016-09-30",
"Label": "cybe:RevenueExportSalesPercentage",
"Start character": 241,
"Start date for period": "2016-01-01",
"Value": 0.8300000000000001
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
In the nine months ended September 30, 2017, sales to one significant customer accounted for 13% of our total revenue. As of September 30, 2017, accounts receivable from this customer were $1.4 million.
|
[
{
"Currency / Unit": "pure",
"End character": 95,
"End date for period": "2017-09-30",
"Label": "us-gaap:ConcentrationRiskPercentage1",
"Start character": 93,
"Start date for period": "2017-01-01",
"Value": 0.13
},
{
"Currency / Unit": "USD",
"End character": 193,
"End date for period": "2017-09-30",
"Label": "us-gaap:AccountsReceivableNet",
"Start character": 190,
"Start date for period": "2017-09-30",
"Value": 1400000
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
We recorded an income tax benefit of $116,000 in the three months ended September 30, 2017, compared to income tax expense of $21,000 in the three months ended September 30, 2016. We recorded income tax expense of $10,000 in the nine months ended September 30, 2017, compared to income tax expense of $108,000 in the nine months ended September 30, 2016. During the fourth quarter of 2016, we substantially reduced the valuation allowances recorded against our U.S. and Singapore deferred tax assets, primarily due to significant improvement in our operating results and financial outlook. Our income tax expense in the nine months ended September 30, 2017, primarily reflects a 25.5% effective income tax rate and excess tax benefits from employee share-based payments. Our income tax benefit in the three months ended September 30, 2017 reflects the impact of a decline in our effective income tax rate due to a reduction in our anticipated level of profitability for 2017. Income tax expense in the three and nine months ended September 30, 2016 included U.S. federal alternative minimum taxes, minimal state income tax expense and foreign income tax expense incurred by our subsidiaries in the United Kingdom and China.
|
[
{
"Currency / Unit": "pure",
"End character": 683,
"End date for period": "2017-09-30",
"Label": "us-gaap:EffectiveIncomeTaxRateContinuingOperations",
"Start character": 679,
"Start date for period": "2017-01-01",
"Value": 0.255
}
] |
10-Q
|
0000897101-17-001389
|
2017-11-06T14:56:37+00:00
|
20170930
|
CYBEROPTICS CORP
|
Our Board of Directors has authorized a $3.0 million share repurchase program. The common stock may be acquired from time to time in open market transactions, block purchases and other transactions complying with the Securities and Exchange Commission’s Rule 10b-18. The share repurchase program will terminate on September 30, 2018. As of September 30, 2017, no shares have been repurchased under this program.
|
[
{
"Currency / Unit": "USD",
"End character": 44,
"End date for period": "2017-10-31",
"Label": "us-gaap:StockRepurchaseProgramAuthorizedAmount1",
"Start character": 41,
"Start date for period": "2017-10-31",
"Value": 3000000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
The Company has incurred losses since 2008 resulting from a combination of: declining net interest income, as our loan portfolio decreased from $109.8 million at December 31, 2008 to $62.3 million at December 31, 2016; increased provisions for loan losses between 2009 and 2012; and increasing non-interest expense related to professional fees and repossessed asset write-downs and costs. The Company recently incurred net losses of $866 for the nine months ended September 30, 2017 and $1,260 during the year ended December 31, 2016. Our interest income for the nine months ended September 30, 2017 has increased with the increase in the balance of our loan portfolio, however, this growth has also resulted in an increase to our provision for loan losses. Our non-interest expense has also increased for compensation and occupancy cost and includes costs for problem asset resolution at the beginning of the year. The loss for 2016 was largely a result of our net interest income reflecting the low balance of our loan portfolio, increasing professional fees for problem asset resolution and additional costs associated with operating as a public company. Non-interest expense for 2016 was also impacted by an operational loss not reimbursable from our insurance.
|
[
{
"Currency / Unit": "USD",
"End character": 150,
"End date for period": "2008-12-31",
"Label": "us-gaap:LoansAndLeasesReceivableNetReportedAmount",
"Start character": 145,
"Start date for period": "2008-12-31",
"Value": 109800000
},
{
"Currency / Unit": "USD",
"End character": 188,
"End date for period": "2016-12-31",
"Label": "us-gaap:LoansAndLeasesReceivableNetReportedAmount",
"Start character": 184,
"Start date for period": "2016-12-31",
"Value": 62300000
},
{
"Currency / Unit": "USD",
"End character": 437,
"End date for period": "2017-09-30",
"Label": "us-gaap:NetIncomeLoss",
"Start character": 434,
"Start date for period": "2017-01-01",
"Value": -866000
},
{
"Currency / Unit": "USD",
"End character": 493,
"End date for period": "2016-12-31",
"Label": "us-gaap:NetIncomeLoss",
"Start character": 488,
"Start date for period": "2016-01-01",
"Value": -1260000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
The Bank’s total capital to risk-based capital ratio and Tier 1 leverage capital to average assets ratio have continued to decline and were 11.3% and 7.0% respectively, at September 30, 2017. Under the Consent Order with the Office of the Comptroller of the Currency (the "OCC"), we are required to maintain a leverage capital ratio of 8% and a total risk-based capital ratio of 12%. At September 30, 2017, the Bank was not in compliance with the Consent Order, and at that date we were considered less than adequately capitalized. See Note 9 of these Notes to Consolidated Financial Statements. To comply with the capital levels of the Consent Order and to execute on our business plan that contemplates significant growth, we will need to raise additional capital. Such capital may not be available on terms that will allow us to execute on our business plan and become profitable, or may not be available at all. If we are not able to raise the additional capital required to comply with the Consent Order and to execute on our business plan, we will explore other strategic options, including the merger or sale of the Company. The Company engaged an investment banking firm to assist the Board of Directors in evaluating the strategic options, which include the sale of stock, issuance of debt or sale of the Company. The investment banking firm will be compensated based on the specific action plan ultimately executed by the Company. A member of the Company's Board of Directors is a partner in the investment banking firm.
|
[
{
"Currency / Unit": "pure",
"End character": 144,
"End date for period": "2017-09-30",
"Label": "us-gaap:CapitalToRiskWeightedAssets",
"Start character": 140,
"Start date for period": "2017-09-30",
"Value": 0.113
},
{
"Currency / Unit": "pure",
"End character": 153,
"End date for period": "2017-09-30",
"Label": "us-gaap:TierOneLeverageCapitalToAverageAssets",
"Start character": 150,
"Start date for period": "2017-09-30",
"Value": 0.07
},
{
"Currency / Unit": "pure",
"End character": 337,
"End date for period": "2017-09-30",
"Label": "us-gaap:TierOneLeverageCapitalToAverageAssets",
"Start character": 336,
"Start date for period": "2017-09-30",
"Value": 0.08
},
{
"Currency / Unit": "pure",
"End character": 381,
"End date for period": "2017-09-30",
"Label": "us-gaap:CapitalToRiskWeightedAssets",
"Start character": 379,
"Start date for period": "2017-09-30",
"Value": 0.12
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
We sold $2.3 million of securities available for sale during the nine months ended September 30, 2017 resulting in $0 net gains and losses. There were no sales of securities available for sale for the nine months ended 2016. There were no securities pledged to secure borrowings of the Company as of September 30, 2017 and at December 31, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 12,
"End date for period": "2017-09-30",
"Label": "us-gaap:AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds",
"Start character": 9,
"Start date for period": "2017-01-01",
"Value": 2300000
},
{
"Currency / Unit": "USD",
"End character": 95,
"End date for period": "2017-09-30",
"Label": "us-gaap:AvailableForSaleSecuritiesGrossRealizedGainLossNet",
"Start character": 94,
"Start date for period": "2017-01-01",
"Value": 0
},
{
"Currency / Unit": "USD",
"End character": 153,
"End date for period": "2016-09-30",
"Label": "us-gaap:AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds",
"Start character": 151,
"Start date for period": "2016-01-01",
"Value": 0
},
{
"Currency / Unit": "USD",
"End character": 238,
"End date for period": "2016-09-30",
"Label": "us-gaap:AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds",
"Start character": 236,
"Start date for period": "2016-01-01",
"Value": 0
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
Our troubled debt restructurings totaled $1,249 at September 30, 2017 and $1,576 at December 31, 2016. There were no loans modified as troubled debt restructurings during the nine months ended September 30, 2017 or the year ended December 31, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 47,
"End date for period": "2017-09-30",
"Label": "us-gaap:FinancingReceivableModificationsRecordedInvestment",
"Start character": 42,
"Start date for period": "2017-09-30",
"Value": 1249000
},
{
"Currency / Unit": "USD",
"End character": 80,
"End date for period": "2016-12-31",
"Label": "us-gaap:FinancingReceivableModificationsRecordedInvestment",
"Start character": 75,
"Start date for period": "2016-12-31",
"Value": 1576000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
There was one loans modification as troubled debt restructuring with a balance of $50 as of September 30, 2017, which was reported as nonaccrual. There were two loans modified as troubled debt restructurings with a balance of $345 which were reported as nonaccrual as of December 31, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 85,
"End date for period": "2017-09-30",
"Label": "bffi:TroubledDebtRestructuringNonaccrualLoans",
"Start character": 83,
"Start date for period": "2017-09-30",
"Value": 50000
},
{
"Currency / Unit": "USD",
"End character": 230,
"End date for period": "2016-12-31",
"Label": "bffi:TroubledDebtRestructuringNonaccrualLoans",
"Start character": 227,
"Start date for period": "2016-12-31",
"Value": 345000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
There was one loans modification as troubled debt restructuring with a balance of $50 as of September 30, 2017
|
[
{
"Currency / Unit": "USD",
"End character": 85,
"End date for period": "2017-09-30",
"Label": "bffi:TroubledDebtRestructuringNonaccrualLoans",
"Start character": 83,
"Start date for period": "2017-09-30",
"Value": 50000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
, which was reported as nonaccrual. There were two loans modified as troubled debt restructurings with a balance of $345 which were reported as nonaccrual as of December 31, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 120,
"End date for period": "2016-12-31",
"Label": "bffi:TroubledDebtRestructuringNonaccrualLoans",
"Start character": 117,
"Start date for period": "2016-12-31",
"Value": 345000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. During the nine months ended September 30, 2017, one loan totaling $253 secured by a multi-family building, had payments in default and was transferred to repossessed assets and sold during the period. During the year-ended December 31, 2016, the same loan totaling $284, had payments in default and was reported as non-accrual at December 31, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 185,
"End date for period": "2017-09-30",
"Label": "us-gaap:PaymentsForProceedsFromLoansAndLeases",
"Start character": 182,
"Start date for period": "2017-01-01",
"Value": -253000
},
{
"Currency / Unit": "USD",
"End character": 385,
"End date for period": "2016-12-31",
"Label": "us-gaap:PaymentsForProceedsFromLoansAndLeases",
"Start character": 382,
"Start date for period": "2016-01-01",
"Value": -284000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
, one loan totaling $253 secured by a multi-family building, had payments in default and was transferred to repossessed assets and sold during the period.
|
[
{
"Currency / Unit": "USD",
"End character": 24,
"End date for period": "2017-09-30",
"Label": "us-gaap:PaymentsForProceedsFromLoansAndLeases",
"Start character": 21,
"Start date for period": "2017-01-01",
"Value": -253000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
The Company has allocated $20 to specific reserves on $514 of loans to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2017. At December 31, 2016, the Company has allocated $32 to specific reserves on $1,231 of loans to customers whose loan terms have been modified in troubled debt restructurings. The Company has not committed to lend additional amounts as of September 30, 2017 and December 31, 2016 to customers with outstanding loans that are classified as troubled debt restructurings.
|
[
{
"Currency / Unit": "USD",
"End character": 29,
"End date for period": "2017-09-30",
"Label": "bffi:SpecificReservesRelatedToTroubledDebtRestructuring",
"Start character": 27,
"Start date for period": "2017-09-30",
"Value": 20000
},
{
"Currency / Unit": "USD",
"End character": 58,
"End date for period": "2017-09-30",
"Label": "bffi:TroubledDebtRestructuringsPrincipalAmount",
"Start character": 55,
"Start date for period": "2017-01-01",
"Value": 514000
},
{
"Currency / Unit": "USD",
"End character": 226,
"End date for period": "2016-12-31",
"Label": "bffi:SpecificReservesRelatedToTroubledDebtRestructuring",
"Start character": 224,
"Start date for period": "2016-12-31",
"Value": 32000
},
{
"Currency / Unit": "USD",
"End character": 257,
"End date for period": "2016-12-31",
"Label": "bffi:TroubledDebtRestructuringsPrincipalAmount",
"Start character": 252,
"Start date for period": "2016-01-01",
"Value": 1231000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
The Company has allocated $20 to specific reserves on $514 of loans to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2017
|
[
{
"Currency / Unit": "USD",
"End character": 29,
"End date for period": "2017-09-30",
"Label": "bffi:SpecificReservesRelatedToTroubledDebtRestructuring",
"Start character": 27,
"Start date for period": "2017-09-30",
"Value": 20000
},
{
"Currency / Unit": "USD",
"End character": 58,
"End date for period": "2017-09-30",
"Label": "bffi:TroubledDebtRestructuringsPrincipalAmount",
"Start character": 55,
"Start date for period": "2017-01-01",
"Value": 514000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
, the Company has allocated $32 to specific reserves on $1,231 of loans to customers whose loan terms have been modified in troubled debt restructurings. The Company has not committed to lend additional amounts as of September 30, 2017
|
[
{
"Currency / Unit": "USD",
"End character": 31,
"End date for period": "2016-12-31",
"Label": "bffi:SpecificReservesRelatedToTroubledDebtRestructuring",
"Start character": 29,
"Start date for period": "2016-12-31",
"Value": 32000
},
{
"Currency / Unit": "USD",
"End character": 62,
"End date for period": "2016-12-31",
"Label": "bffi:TroubledDebtRestructuringsPrincipalAmount",
"Start character": 57,
"Start date for period": "2016-01-01",
"Value": 1231000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
The weighted average interest rate on FHLB advances at September 30, 2017 and December 31, 2016 was 1.76% and 1.78%, respectively..The advances are payable at maturity and includes a prepayment penalty. The advances were collateralized by $11.2 million of first mortgage loans under a collateral agreement at September 30, 2017.
|
[
{
"Currency / Unit": "pure",
"End character": 104,
"End date for period": "2017-09-30",
"Label": "us-gaap:FederalHomeLoanBankAdvancesWeightedAverageInterestRate",
"Start character": 100,
"Start date for period": "2017-09-30",
"Value": 0.0176
},
{
"Currency / Unit": "pure",
"End character": 114,
"End date for period": "2016-12-31",
"Label": "us-gaap:FederalHomeLoanBankAdvancesWeightedAverageInterestRate",
"Start character": 110,
"Start date for period": "2016-12-31",
"Value": 0.0178
},
{
"Currency / Unit": "USD",
"End character": 245,
"End date for period": "2017-09-30",
"Label": "us-gaap:FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1",
"Start character": 241,
"Start date for period": "2017-09-30",
"Value": 11200000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
Impaired loans, which are measured for impairment using the fair value of the collateral (less cost to sell) for collateral dependent loans, had an aggregate balance of $685 with a $0 valuation allowance at September 30, 2017 and an aggregate balance of $1,714 with a $10 valuation allowance at December 31, 2016. The impaired loans resulted in no provision for the three months ended September 30, 2017 and a $31 provision for loan losses for the nine months ended September 30, 2017. There was no provision for the three and nine months ended September 30, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 173,
"End date for period": "2017-09-30",
"Label": "bffi:ImpairedLoansFairValueMeasuredUsingFairValueOfCollateralDependentLoans",
"Start character": 170,
"Start date for period": "2017-09-30",
"Value": 685000
},
{
"Currency / Unit": "USD",
"End character": 183,
"End date for period": "2017-09-30",
"Label": "us-gaap:ImpairedFinancingReceivableRelatedAllowance",
"Start character": 182,
"Start date for period": "2017-09-30",
"Value": 0
},
{
"Currency / Unit": "USD",
"End character": 260,
"End date for period": "2016-12-31",
"Label": "bffi:ImpairedLoansFairValueMeasuredUsingFairValueOfCollateralDependentLoans",
"Start character": 255,
"Start date for period": "2016-12-31",
"Value": 1714000
},
{
"Currency / Unit": "USD",
"End character": 271,
"End date for period": "2016-12-31",
"Label": "us-gaap:ImpairedFinancingReceivableRelatedAllowance",
"Start character": 269,
"Start date for period": "2016-12-31",
"Value": 10000
},
{
"Currency / Unit": "USD",
"End character": 347,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProvisionForLoanAndLeaseLosses",
"Start character": 345,
"Start date for period": "2017-07-01",
"Value": 0
},
{
"Currency / Unit": "USD",
"End character": 413,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProvisionForLoanAndLeaseLosses",
"Start character": 411,
"Start date for period": "2017-01-01",
"Value": 31000
},
{
"Currency / Unit": "USD",
"End character": 499,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProvisionForLoanAndLeaseLosses",
"Start character": 497,
"Start date for period": "2017-07-01",
"Value": 0
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
Impaired loans, which are measured for impairment using the fair value of the collateral (less cost to sell) for collateral dependent loans, had an aggregate balance of $685 with a $0 valuation allowance at September 30, 2017
|
[
{
"Currency / Unit": "USD",
"End character": 173,
"End date for period": "2017-09-30",
"Label": "bffi:ImpairedLoansFairValueMeasuredUsingFairValueOfCollateralDependentLoans",
"Start character": 170,
"Start date for period": "2017-09-30",
"Value": 685000
},
{
"Currency / Unit": "USD",
"End character": 183,
"End date for period": "2017-09-30",
"Label": "us-gaap:ImpairedFinancingReceivableRelatedAllowance",
"Start character": 182,
"Start date for period": "2017-09-30",
"Value": 0
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
The impaired loans resulted in no provision for the three months ended September 30, 2017 and a $31 provision for loan losses for the nine months ended September 30, 2017. There was no
|
[
{
"Currency / Unit": "USD",
"End character": 33,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProvisionForLoanAndLeaseLosses",
"Start character": 31,
"Start date for period": "2017-07-01",
"Value": 0
},
{
"Currency / Unit": "USD",
"End character": 99,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProvisionForLoanAndLeaseLosses",
"Start character": 97,
"Start date for period": "2017-01-01",
"Value": 31000
},
{
"Currency / Unit": "USD",
"End character": 185,
"End date for period": "2017-09-30",
"Label": "us-gaap:ProvisionForLoanAndLeaseLosses",
"Start character": 183,
"Start date for period": "2017-07-01",
"Value": 0
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
Repossessed assets, consisting of other real estate owned, are measured at the lower of cost or fair value less costs to sell. Repossessed assets were carried at $714 at September 30, 2017 consisting of the cost basis of $714 and a valuation allowance of $0. Repossessed assets were carried at $408 at December 31, 2016 consisting of the cost basis of $643 and a valuation allowance of $235. There were no write-downs on repossessed assets for the three and nine months ended September 30, 2017. There was $68 of write-downs on repossessed assets for the three and nine months ended September 30, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 166,
"End date for period": "2017-09-30",
"Label": "us-gaap:ForeclosedAssets",
"Start character": 163,
"Start date for period": "2017-09-30",
"Value": 714000
},
{
"Currency / Unit": "USD",
"End character": 225,
"End date for period": "2017-09-30",
"Label": "us-gaap:ForeclosedAssets",
"Start character": 222,
"Start date for period": "2017-09-30",
"Value": 714000
},
{
"Currency / Unit": "USD",
"End character": 257,
"End date for period": "2017-09-30",
"Label": "us-gaap:RealEstateOwnedValuationAllowanceComponent",
"Start character": 256,
"Start date for period": "2017-09-30",
"Value": 0
},
{
"Currency / Unit": "USD",
"End character": 298,
"End date for period": "2016-12-31",
"Label": "us-gaap:ForeclosedAssets",
"Start character": 295,
"Start date for period": "2016-12-31",
"Value": 408000
},
{
"Currency / Unit": "USD",
"End character": 356,
"End date for period": "2016-12-31",
"Label": "us-gaap:OtherRealEstate",
"Start character": 353,
"Start date for period": "2016-12-31",
"Value": 643000
},
{
"Currency / Unit": "USD",
"End character": 390,
"End date for period": "2016-12-31",
"Label": "us-gaap:RealEstateOwnedValuationAllowanceComponent",
"Start character": 387,
"Start date for period": "2016-12-31",
"Value": 235000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
Repossessed assets, consisting of other real estate owned, are measured at the lower of cost or fair value less costs to sell. Repossessed assets were carried at $714 at September 30, 2017
|
[
{
"Currency / Unit": "USD",
"End character": 166,
"End date for period": "2017-09-30",
"Label": "us-gaap:ForeclosedAssets",
"Start character": 163,
"Start date for period": "2017-09-30",
"Value": 714000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
$643 and a valuation allowance of $235. There were no write-downs on repossessed assets for the three and nine months ended September 30, 2017. There was $68 of write-downs on repossessed assets for the three and nine months ended September 30, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 4,
"End date for period": "2016-12-31",
"Label": "us-gaap:OtherRealEstate",
"Start character": 1,
"Start date for period": "2016-12-31",
"Value": 643000
},
{
"Currency / Unit": "USD",
"End character": 38,
"End date for period": "2016-12-31",
"Label": "us-gaap:RealEstateOwnedValuationAllowanceComponent",
"Start character": 35,
"Start date for period": "2016-12-31",
"Value": 235000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
Effective as of January 1, 2016, financial institutions are required to maintain a capital conservation buffer to avoid restrictions on capital distributions and other payments. If a financial institution’s capital conservation buffer falls below the minimum requirement, its maximum payout amount for capital distributions and discretionary payments declines to a set percentage of eligible retained income based on the size of the buffer. The implementation of the capital conservation buffer began on January 1, 2016 at the 0.625% level and will be phased in over a three year period, increasing by 0.625% on each subsequent January 1, until it reaches 2.5% on January 1, 2019. As of September 30, 2017, the Bank’s required capital conservation buffer stood at 1.25%.
|
[
{
"Currency / Unit": "pure",
"End character": 532,
"End date for period": "2016-01-02",
"Label": "bffi:CapitalConservationBuffer",
"Start character": 527,
"Start date for period": "2016-01-02",
"Value": 0.00625
},
{
"Currency / Unit": "pure",
"End character": 607,
"End date for period": "2016-01-02",
"Label": "bffi:CapitalConservationBuffer",
"Start character": 602,
"Start date for period": "2016-01-02",
"Value": 0.00625
},
{
"Currency / Unit": "pure",
"End character": 659,
"End date for period": "2017-09-30",
"Label": "bffi:CapitalConservationBuffer",
"Start character": 656,
"Start date for period": "2017-09-30",
"Value": 0.025
},
{
"Currency / Unit": "pure",
"End character": 768,
"End date for period": "2017-09-30",
"Label": "bffi:CapitalConservationBuffer",
"Start character": 764,
"Start date for period": "2017-09-30",
"Value": 0.0125
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
Quantitative measures established by regulation to help ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total and Tier I capital as defined in the regulations to risk-weighted assets as defined and of Tier I capital to adjusted total assets as defined. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios. On November 25, 2015 the Bank entered into a Consent Order with the OCC that reduced the Bank’s regulatory compliance burden. Concurrent with the execution of the Consent Order, the Old Order entered into between the Bank and the OCC dated December 19, 2012 was terminated. The Consent Order reduced the Bank’s minimum required Tier 1 leverage capital ratio to 8% from 9% under the Old Order and its minimum total risk-based capital ratio to 12% from 13% under the Old Order.
|
[
{
"Currency / Unit": "pure",
"End character": 785,
"End date for period": "2015-11-25",
"Label": "us-gaap:TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets",
"Start character": 784,
"Start date for period": "2015-11-25",
"Value": 0.08
},
{
"Currency / Unit": "pure",
"End character": 793,
"End date for period": "2015-11-25",
"Label": "us-gaap:TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets",
"Start character": 792,
"Start date for period": "2015-11-25",
"Value": 0.09
},
{
"Currency / Unit": "pure",
"End character": 867,
"End date for period": "2015-11-25",
"Label": "us-gaap:CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets",
"Start character": 865,
"Start date for period": "2015-11-25",
"Value": 0.12
},
{
"Currency / Unit": "pure",
"End character": 876,
"End date for period": "2015-11-25",
"Label": "us-gaap:CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets",
"Start character": 874,
"Start date for period": "2015-11-25",
"Value": 0.13
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
19, 2012 was terminated. The Consent Order reduced the Bank’s minimum required Tier 1 leverage capital ratio to 8% from 9% under the Old Order and its minimum total risk-based capital ratio to 12% from 13% under the Old Order.
|
[
{
"Currency / Unit": "pure",
"End character": 113,
"End date for period": "2015-11-25",
"Label": "us-gaap:TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets",
"Start character": 112,
"Start date for period": "2015-11-25",
"Value": 0.08
},
{
"Currency / Unit": "pure",
"End character": 121,
"End date for period": "2015-11-25",
"Label": "us-gaap:TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets",
"Start character": 120,
"Start date for period": "2015-11-25",
"Value": 0.09
},
{
"Currency / Unit": "pure",
"End character": 195,
"End date for period": "2015-11-25",
"Label": "us-gaap:CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets",
"Start character": 193,
"Start date for period": "2015-11-25",
"Value": 0.12
},
{
"Currency / Unit": "pure",
"End character": 204,
"End date for period": "2015-11-25",
"Label": "us-gaap:CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets",
"Start character": 202,
"Start date for period": "2015-11-25",
"Value": 0.13
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
On May 25, 2016, stockholders of the Company approved the Ben Franklin Financial, Inc. 2016 Equity Incentive Plan (the “Plan”) which provides officers, employees, and directors of the Company and the Bank with stock based incentives to promote our growth and performance. The Plan shall remain in effect as long as any awards are outstanding provided, however, that no awards be granted under the plan after ten years from the date of adoption. The Plan authorizes the issuance of up to 54,666 shares of our common stock pursuant to grants of incentive and non-statutory stock options, stock appreciation rights, and restricted stock awards. No more than 15,619 shares may be issued as restricted stock awards. No more than 39,047 shares may be issued pursuant to stock options and stock appreciation rights, all of which may be granted pursuant to the exercise of incentive stock options. On January 24, 2017, the Company granted restricted stock awards for 15,619 common shares and stock options for 39,047 common shares under the Plan, all of which vest over a three year period. Awards under the Plan may also fully vest upon the participant’s death or disability or change in control of the Company. All of the options granted have an exercise price of $10.70 per share, which was the closing price of the stock on the grant date. No options were vested, exercised or forfeited as of September 30, 2017. The options have no intrinsic value as of September 30, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 1429,
"End date for period": "2017-09-30",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue",
"Start character": 1427,
"Start date for period": "2017-09-30",
"Value": 0
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
All of the options granted have an exercise price of $10.70 per share, which was the closing price of the stock on the grant date. No options were vested, exercised or forfeited as of September 30, 2017. The options have no intrinsic value as of September 30, 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 224,
"End date for period": "2017-09-30",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue",
"Start character": 222,
"Start date for period": "2017-09-30",
"Value": 0
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
Stock option expense was $10 and $27 during the three and nine months ended September 30, 2017. As of September 30, 2017, there was $89 of unrecognized compensation cost related to stock options granted under the Plan. The cost is expected to be recognized over a weighted-average period of approximately 2.3 years.
|
[
{
"Currency / Unit": "USD",
"End character": 28,
"End date for period": "2017-09-30",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 26,
"Start date for period": "2017-07-01",
"Value": 10000
},
{
"Currency / Unit": "USD",
"End character": 36,
"End date for period": "2017-09-30",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 34,
"Start date for period": "2017-01-01",
"Value": 27000
},
{
"Currency / Unit": "USD",
"End character": 135,
"End date for period": "2017-09-30",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
"Start character": 133,
"Start date for period": "2017-09-30",
"Value": 89000
}
] |
10-Q
|
0000897101-17-001458
|
2017-11-13T16:13:31+00:00
|
20170930
|
Ben Franklin Financial, Inc.
|
The fair value of the restricted stock awards was $10.70 per share, which was the closing price of the stock on the January 27, 2017 grant date. None of the restricted stock awards were vested and 312 restricted stock awards were forfeited as of September 30, 2017. Restricted stock award expense was $14 and $28 during the three and nine months ended September 30, 2017. As of September 30, 2017, there was $129 of unrecognized compensation cost related to non-vested shares granted under the Plan. The cost is expected to be recognized over a weighted-average period of approximately 2.3 years.
|
[
{
"Currency / Unit": "USD",
"End character": 304,
"End date for period": "2017-09-30",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 302,
"Start date for period": "2017-07-01",
"Value": 14000
},
{
"Currency / Unit": "USD",
"End character": 312,
"End date for period": "2017-09-30",
"Label": "us-gaap:AllocatedShareBasedCompensationExpense",
"Start character": 310,
"Start date for period": "2017-01-01",
"Value": 28000
},
{
"Currency / Unit": "USD",
"End character": 412,
"End date for period": "2017-09-30",
"Label": "us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized",
"Start character": 409,
"Start date for period": "2017-09-30",
"Value": 129000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Accounts receivable consists primarily of amounts due from U.S. customers from product sales. The allowance for doubtful accounts totaled $60.0 thousand and $35.0 thousand at December 31, 2017 and 2016, respectively. The determination of the allowance for doubtful accounts includes a number of factors, including the age of the balance, estimated settlement adjustments, past experience with the customer account, changes in collection patterns and general economic and industry conditions. Interest is not normally charged on receivables, nor is collateral for receivables normally required. Potential credit losses from significant customers could adversely affect results of operations or financial condition. While the Company believes the allowance for doubtful accounts is adequate, changes in economic conditions or any weakness in the steel and metals industry could adversely impact future earnings. In general, the Company considers accounts receivable past due which are 30 to 60 days after the invoice date. Losses are charged off to the allowance when it is deemed further collection efforts will not provide additional recoveries.
|
[
{
"Currency / Unit": "USD",
"End character": 143,
"End date for period": "2017-12-31",
"Label": "us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent",
"Start character": 139,
"Start date for period": "2017-12-31",
"Value": 60000
},
{
"Currency / Unit": "USD",
"End character": 162,
"End date for period": "2016-12-31",
"Label": "us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent",
"Start character": 158,
"Start date for period": "2016-12-31",
"Value": 35000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company had sales to a major customer that totaled approximately 16.3% and 12.5% of net sales for the years ended December 31, 2017 and 2016, respectively. The accounts receivable balance related to the major customer was $0.8 million and $0.4 million as of December 31, 2017 and 2016, respectively.
|
[
{
"Currency / Unit": "pure",
"End character": 73,
"End date for period": "2017-12-31",
"Label": "us-gaap:ConcentrationRiskPercentage1",
"Start character": 69,
"Start date for period": "2017-01-01",
"Value": 0.163
},
{
"Currency / Unit": "pure",
"End character": 83,
"End date for period": "2016-12-31",
"Label": "us-gaap:ConcentrationRiskPercentage1",
"Start character": 79,
"Start date for period": "2016-01-01",
"Value": 0.125
},
{
"Currency / Unit": "USD",
"End character": 230,
"End date for period": "2017-12-31",
"Label": "us-gaap:AccountsReceivableNetCurrent",
"Start character": 227,
"Start date for period": "2017-12-31",
"Value": 800000
},
{
"Currency / Unit": "USD",
"End character": 247,
"End date for period": "2016-12-31",
"Label": "us-gaap:AccountsReceivableNetCurrent",
"Start character": 244,
"Start date for period": "2016-12-31",
"Value": 400000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Depreciation expense for the years ended December 31, 2017 and 2016 was $2.2 million and $2.3 million, respectively. Of the $2.2 million of depreciation expense recognized in 2017, $2.1 million was recorded in cost of sales, and $0.1 million was recorded in general and administrative expense. Of the $2.3 million of depreciation expense recognized in 2016, $2.2 million was recorded in cost of sales, and $0.1 million was recorded in general and administrative expense.
|
[
{
"Currency / Unit": "USD",
"End character": 76,
"End date for period": "2017-12-31",
"Label": "us-gaap:Depreciation",
"Start character": 73,
"Start date for period": "2017-01-01",
"Value": 2200000
},
{
"Currency / Unit": "USD",
"End character": 93,
"End date for period": "2016-12-31",
"Label": "us-gaap:Depreciation",
"Start character": 90,
"Start date for period": "2016-01-01",
"Value": 2300000
},
{
"Currency / Unit": "USD",
"End character": 128,
"End date for period": "2017-12-31",
"Label": "us-gaap:Depreciation",
"Start character": 125,
"Start date for period": "2017-01-01",
"Value": 2200000
},
{
"Currency / Unit": "USD",
"End character": 185,
"End date for period": "2017-12-31",
"Label": "us-gaap:Depreciation",
"Start character": 182,
"Start date for period": "2017-01-01",
"Value": 2100000
},
{
"Currency / Unit": "USD",
"End character": 233,
"End date for period": "2017-12-31",
"Label": "us-gaap:Depreciation",
"Start character": 230,
"Start date for period": "2017-01-01",
"Value": 100000
},
{
"Currency / Unit": "USD",
"End character": 305,
"End date for period": "2016-12-31",
"Label": "us-gaap:Depreciation",
"Start character": 302,
"Start date for period": "2016-01-01",
"Value": 2300000
},
{
"Currency / Unit": "USD",
"End character": 362,
"End date for period": "2017-12-31",
"Label": "us-gaap:Depreciation",
"Start character": 359,
"Start date for period": "2017-01-01",
"Value": 2200000
},
{
"Currency / Unit": "USD",
"End character": 410,
"End date for period": "2017-12-31",
"Label": "us-gaap:Depreciation",
"Start character": 407,
"Start date for period": "2017-01-01",
"Value": 100000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company has included certain banking costs relating to our loans and loan restructuring within interest expense. The loan fees amortization totaled $123.9 thousand and $130.1 thousand for the years ended December 31, 2017 and 2016, respectively. In 2016, the Company incurred $240.5 thousand in banking expenses when the Company entered into a loan with MidCap. In 2017, the Company capitalized loan fees of $124.9 thousand of which the Company incurred $59.7 thousand in banking expenses when the Company entered into a loan amendment with Midcap.
|
[
{
"Currency / Unit": "USD",
"End character": 158,
"End date for period": "2017-12-31",
"Label": "us-gaap:AmortizationOfFinancingCosts",
"Start character": 153,
"Start date for period": "2017-01-01",
"Value": 123900
},
{
"Currency / Unit": "USD",
"End character": 178,
"End date for period": "2016-12-31",
"Label": "us-gaap:AmortizationOfFinancingCosts",
"Start character": 173,
"Start date for period": "2016-01-01",
"Value": 130100
},
{
"Currency / Unit": "USD",
"End character": 286,
"End date for period": "2016-12-31",
"Label": "idsa:BankingExpenses",
"Start character": 281,
"Start date for period": "2016-01-01",
"Value": 240500
},
{
"Currency / Unit": "USD",
"End character": 418,
"End date for period": "2017-12-31",
"Label": "idsa:CapitalizationOfLoanFees",
"Start character": 413,
"Start date for period": "2017-01-01",
"Value": 124900
},
{
"Currency / Unit": "USD",
"End character": 463,
"End date for period": "2017-12-31",
"Label": "idsa:BankingExpenses",
"Start character": 459,
"Start date for period": "2017-01-01",
"Value": 59700
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
In 2017, the Company capitalized loan fees of $124.9 thousand of which the Company incurred $59.7 thousand in banking expenses when the Company entered into a loan amendment with
|
[
{
"Currency / Unit": "USD",
"End character": 52,
"End date for period": "2017-12-31",
"Label": "idsa:CapitalizationOfLoanFees",
"Start character": 47,
"Start date for period": "2017-01-01",
"Value": 124900
},
{
"Currency / Unit": "USD",
"End character": 97,
"End date for period": "2017-12-31",
"Label": "idsa:BankingExpenses",
"Start character": 93,
"Start date for period": "2017-01-01",
"Value": 59700
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company has a Long Term Incentive Plan adopted in 2009 ("LTIP") under which it may grant equity awards for up to 2.4 million shares of common stock, which are reserved by the Board of Directors for issuance of equity awards. The Company provides compensation benefits by granting stock options and other share-based awards to employees and directors. The exercise price of each option is equal to the market price of the Company's stock on the date of grant. The maximum term of the option is five years. The plan is accounted for based on FASB’s authoritative guidance titled "ASC 718 - Compensation - Stock Compensation." The Company recognizes share-based compensation expense for the fair value of the awards, on the date granted, on a straight-line basis over their vesting term (service period). Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on the Company's historical experience and future expectations.
|
[
{
"Currency / Unit": "shares",
"End character": 120,
"End date for period": "2009-12-31",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized",
"Start character": 117,
"Start date for period": "2009-12-31",
"Value": 2400000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Subject to shareholder approval and restrictions on exercisability set forth in a Stock Option Agreement entered into on December 2, 2013 between the Company and Algar (the “Stock Option Agreement”), the Company granted Algar an option to purchase a total of 1.5 million shares (in four tranches) of Company common stock (the "Algar Options") at an exercise price per share of $5.00. The Algar Options were not issued under the LTIP. The Company's shareholders approved the Algar Options on October 15, 2014. On September 30, 2016, the Company and Algar mutually agreed to terminate the Management Agreement between them dated as of December 1, 2013. As part of the agreement to terminate the Management Agreement, the Stock Option Agreement was also terminated. See Note 9 - Related Party Transactions for further details.
|
[
{
"Currency / Unit": "shares",
"End character": 262,
"End date for period": "2013-12-02",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross",
"Start character": 259,
"Start date for period": "2013-12-02",
"Value": 1500000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Subject to shareholder approval and restrictions on exercisability set forth in a Stock Option Agreement entered into on December 2, 2013 between the Company and Algar (the “Stock Option Agreement”), the Company granted Algar an option to purchase a total of 1.5 million shares (in four tranches) of Company common stock (the "Algar Options") at an exercise price per share of $5.00. The Algar Options were not issued under the LTIP. The Company's shareholders approved the Algar Options on October 15, 2014. On
|
[
{
"Currency / Unit": "shares",
"End character": 262,
"End date for period": "2013-12-02",
"Label": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross",
"Start character": 259,
"Start date for period": "2013-12-02",
"Value": 1500000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company was required to reimburse Algar on a monthly basis for its pre-approved expenses, as defined in the Management Agreement, including expenses associated with the salaries of its executive appointees and employees. Under the Management Agreement, through the Termination Effective Date, the Company reimbursed Algar for the portion of Mr. Garber’s salary that was attributable to Algar’s services under the Management Agreement in an amount not exceeding $20.8 thousand per month, or $250.0 thousand per year plus other expenses. Also, under the Management Agreement, Algar was to be paid a bonus in an amount equal to 10.0% of any year-over-year increase in the Company’s adjusted pre-tax income during the term. See Note 9 - Related Party Transactions for discussion of amounts.
|
[
{
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"Label": "idsa:ManagementAgreementSalaryMonthly",
"Start character": 466,
"Start date for period": "2013-12-01",
"Value": 20800
},
{
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"End character": 500,
"End date for period": "2013-12-02",
"Label": "idsa:ManagementAgreementSalaryAnnually",
"Start character": 495,
"Start date for period": "2013-12-01",
"Value": 250000
},
{
"Currency / Unit": "pure",
"End character": 633,
"End date for period": "2013-12-02",
"Label": "idsa:PercentOfYearOverYearIncreaseInPreTaxIncomeForBonus",
"Start character": 629,
"Start date for period": "2013-12-02",
"Value": 0.1
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
In connection with the Management Agreement, Mr. Garber and Orson Oliver, the Company’s interim Chief Executive Officer and Chairman of the Board of Directors, received an Irrevocable Proxy from each of Harry Kletter, K & R, LLC (K&R) and the Harry Kletter Family Limited Partnership (collectively, “Kletter”), which provided Mr. Oliver and Mr. Garber joint voting authority over the shares owned by Kletter, approximately 27.0% of the Company’s issued and outstanding common stock. As of December 31, 2013, Kletter was the Company’s largest shareholder. Messrs. Oliver and Garber entered into a separate agreement in which, among other things, they agreed to vote their proxies in favor of matters approved by the Company’s board of directors. Mr. Garber and Mr. Oliver terminated the Irrevocable Proxies that were received in connection with the Management Agreement as of the Termination Effective Date.
|
[
{
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"End character": 427,
"End date for period": "2013-12-02",
"Label": "us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners",
"Start character": 423,
"Start date for period": "2013-12-02",
"Value": 0.27
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On February 29, 2016, the Company entered into a Loan Agreement (the "2016 Loan") with MidCap and paid off all remaining amounts due to the Company's previous lender Wells Fargo. Additionally on February 29, 2016, the Company converted certain amounts payable to related parties into unsecured term notes payable to the same related parties as more fully described in Note 9 - Related Party Transactions. On March 31, 2017, the Company entered into an amendment to increase the line of credit, subject to the satisfaction of certain borrowing base restrictions (which have been satisfied), and extend the maturity date more fully described below. On June 23, 2017, in connection with the purchase of equipment to be used in the operation of the Company's business, the Company issued notes totaling $129.0 thousand principal amount due to a related party. See Note 9 - Related Party Transactions.
|
[
{
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"End character": 806,
"End date for period": "2017-06-23",
"Label": "us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent",
"Start character": 801,
"Start date for period": "2017-06-23",
"Value": 129000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On February 29, 2016, the Company entered into a Loan Agreement (the "2016 Loan") with MidCap and paid off all remaining amounts due to the Company's previous lender Wells Fargo. Additionally on February 29, 2016, the Company converted certain amounts payable to related parties into unsecured term notes payable to the same related parties as more fully described in Note 9 - Related Party Transactions. On March 31, 2017, the Company entered into an amendment to increase the line of credit, subject to the satisfaction of certain borrowing base restrictions (which have been satisfied), and extend the maturity date more fully described below. On June 23, 2017, in connection with the purchase of equipment to be used in the operation of the Company's business, the Company issued notes totaling $129.0 thousand principal amount due to a related party. See Note 9 - Related Party Transactions
|
[
{
"Currency / Unit": "USD",
"End character": 806,
"End date for period": "2017-06-23",
"Label": "us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent",
"Start character": 801,
"Start date for period": "2017-06-23",
"Value": 129000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On February 29, 2016, the Company entered into the 2016 Loan which, as initially entered into, provided a $6.0 million senior, secured asset-based line of credit with MidCap. The Company could borrow up to the sum of (a) 85% of the value of its eligible domestic accounts receivable; (b) the lesser of (i) $2.5 million, and (ii) 75% of the net orderly liquidation value of eligible inventory; and (c) the lesser of (i) $500,000, and (ii) 40% of appraised net forced liquidation value of eligible fixed assets (the "Equipment Sublimit"). The Equipment Sublimit amortizes monthly on a straight line basis over sixty (60) months with no reduction to the overall line of credit availability. As described below, the 2016 Loan was amended March 31, 2017.
|
[
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"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
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"Start date for period": "2016-02-29",
"Value": 6000000
},
{
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"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityCovenantPercentOfEligibleAccountsReceivable",
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"Start date for period": "2016-02-29",
"Value": 0.85
},
{
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"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleAccountsReceivable",
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"Start date for period": "2016-02-29",
"Value": 2500000
},
{
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"End character": 331,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityCovenantPercentOfEligibleInventory",
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"Start date for period": "2016-02-29",
"Value": 0.75
},
{
"Currency / Unit": "pure",
"End character": 440,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleFixedAssets",
"Start character": 438,
"Start date for period": "2016-02-19",
"Value": 0.4
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The interest rate on the 2016 Loan is equal to the prime rate (4.50% as of December 31, 2017) plus 250 basis points (2.50%). In the Event of a Default (as defined in the 2016 Loan Agreement), the interest rate will increase by 300 basis points (3.00%). The 2016 Loan also has a monthly collateral-monitoring fee equal to 27.5 basis points (0.275%) of the average daily balance outstanding, an annual facility fee of 100 basis points (1.00%) and an unused line fee equal to an annual rate of 50 basis points (0.50%) of the average undrawn portion of the 2016 Loan.
|
[
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"End character": 67,
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"Label": "idsa:VariableRateDuringPeriod",
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"Start date for period": "2016-02-19",
"Value": 0.045
},
{
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"End character": 121,
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"Label": "us-gaap:DebtInstrumentBasisSpreadOnVariableRate1",
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"Start date for period": "2016-02-19",
"Value": 0.025
},
{
"Currency / Unit": "pure",
"End character": 249,
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"Label": "us-gaap:DebtInstrumentInterestRateIncreaseDecrease",
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"Value": 0.03
},
{
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"Start date for period": "2016-02-19",
"Value": 0.0027500000000000003
},
{
"Currency / Unit": "pure",
"End character": 438,
"End date for period": "2016-02-29",
"Label": "us-gaap:LineOfCreditFacilityCommitmentFeePercentage",
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"Value": 0.01
},
{
"Currency / Unit": "pure",
"End character": 512,
"End date for period": "2016-02-29",
"Label": "us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage",
"Start character": 508,
"Start date for period": "2016-02-19",
"Value": 0.005
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The interest rate on the 2016 Loan is equal to the prime rate (4.50% as of December 31, 2017) plus 250 basis points (2.50%).
|
[
{
"Currency / Unit": "pure",
"End character": 67,
"End date for period": "2016-02-29",
"Label": "idsa:VariableRateDuringPeriod",
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"Start date for period": "2016-02-19",
"Value": 0.045
},
{
"Currency / Unit": "pure",
"End character": 121,
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"Label": "us-gaap:DebtInstrumentBasisSpreadOnVariableRate1",
"Start character": 117,
"Start date for period": "2016-02-19",
"Value": 0.025
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
In the Event of a Default (as defined in the 2016 Loan Agreement), the interest rate will increase by 300 basis points (3.00%).
|
[
{
"Currency / Unit": "pure",
"End character": 124,
"End date for period": "2016-02-29",
"Label": "us-gaap:DebtInstrumentInterestRateIncreaseDecrease",
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"Start date for period": "2016-02-19",
"Value": 0.03
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The 2016 Loan also has a monthly collateral-monitoring fee equal to 27.5 basis points (0.275%) of the average daily balance outstanding, an annual facility fee of 100 basis points (1.00%) and an unused line fee equal to an annual rate of 50 basis points (0.50%) of the average undrawn portion of the 2016 Loan.
|
[
{
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"End character": 92,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityCollateralFeesPercent",
"Start character": 87,
"Start date for period": "2016-02-19",
"Value": 0.0027500000000000003
},
{
"Currency / Unit": "pure",
"End character": 185,
"End date for period": "2016-02-29",
"Label": "us-gaap:LineOfCreditFacilityCommitmentFeePercentage",
"Start character": 181,
"Start date for period": "2016-02-19",
"Value": 0.01
},
{
"Currency / Unit": "pure",
"End character": 259,
"End date for period": "2016-02-29",
"Label": "us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage",
"Start character": 255,
"Start date for period": "2016-02-19",
"Value": 0.005
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company was subject to a prepayment fee of $120.0 thousand if the 2016 Loan was terminated or prepaid prior to the one year anniversary of the loan. The Company is subject to a prepayment fee of $60.0 thousand if the 2016 Loan is terminated or prepaid subsequent to the one year anniversary of the loan, but prior to the maturity date. The $60.0 thousand fee is reduced to zero if the 2016 Loan is refinanced by an FDIC insured institution after eighteen months from February 29, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 53,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditPrepaymentFeeLessThanTwelveMonths",
"Start character": 48,
"Start date for period": "2016-02-19",
"Value": 120000
},
{
"Currency / Unit": "USD",
"End character": 204,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditPrepaymentFeeGreaterThanTwelveMonths",
"Start character": 200,
"Start date for period": "2016-02-19",
"Value": 60000
},
{
"Currency / Unit": "USD",
"End character": 349,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditPrepaymentFeeGreaterThanTwelveMonths",
"Start character": 345,
"Start date for period": "2016-02-19",
"Value": 60000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
$60.0 thousand fee is reduced to zero if the 2016 Loan is refinanced by an FDIC insured institution after eighteen months from February 29, 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 5,
"End date for period": "2016-02-29",
"Label": "us-gaap:LineOfCreditFacilityCommitmentFeeAmount",
"Start character": 1,
"Start date for period": "2016-02-19",
"Value": 60000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The 2016 Loan Agreement contains a minimum line availability covenant equal to $350.0 thousand. This covenant may be replaced by a Fixed Charge Coverage Ratio ("FCCR") covenant once the Company has achieved an FCCR of 1.0x on an annualized basis.
|
[
{
"Currency / Unit": "USD",
"End character": 85,
"End date for period": "2016-02-29",
"Label": "idsa:LineOfCreditFacilityCovenantComplianceMinimumBorrowingCapacity",
"Start character": 80,
"Start date for period": "2016-02-29",
"Value": 350000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company is allowed to sell or refinance up to $3.0 million in fair market value of real property provided (i) the proceeds from such refinance or sale remain with the Company; and (ii) no event of default exists at the time of such refinance or sale.
|
[
{
"Currency / Unit": "USD",
"End character": 54,
"End date for period": "2016-02-29",
"Label": "idsa:RealPropertyOwnedAndPledgedAsCollateralAmountEligibleToBeSoldOrRefinanced",
"Start character": 51,
"Start date for period": "2016-02-29",
"Value": 3000000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
$3.0 million in fair market value of real property provided (i) the proceeds from such refinance or sale remain with the Company; and (ii) no event of default exists at the time of such refinance or sale.
|
[
{
"Currency / Unit": "USD",
"End character": 4,
"End date for period": "2016-02-29",
"Label": "idsa:RealPropertyOwnedAndPledgedAsCollateralAmountEligibleToBeSoldOrRefinanced",
"Start character": 1,
"Start date for period": "2016-02-29",
"Value": 3000000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 31, 2017, the Company and each of its wholly-owned subsidiaries entered into an amendment to the 2016 Loan with MidCap ("First Amendment"). The First Amendment increased the line of credit from $6.0 million to $8.0 million and extended the maturity date to February 28, 2020. As amended, the line of credit permits the Company to borrow an amount under the 2016 Loan equal to the lesser of (A) $8.0 million; and (B)(i) 85% of the value of the Company’s eligible domestic accounts receivable, plus (ii) the lesser of (x) $2.5 million and (y) 75% of the net orderly liquidation value of eligible inventory, plus (iii) the lesser of (x) $400,000 and (y) 40% of appraised net forced liquidation value of eligible fixed assets, plus (iv) the lesser of (x) $1.75 million and (y) 45% of the appraised value of certain properties owned by the Company (subject to MidCap's receipt of any third-party or internal approvals it may require in its discretion), minus (v) any amount which MidCap may require from time to time, pursuant to terms of the agreement, in order to secure amounts owed to MidCap under the agreement.
|
[
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"Start date for period": "2016-12-31",
"Value": 6000000
},
{
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"Value": 8000000
},
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},
{
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"Start date for period": "2017-03-31",
"Value": 0.85
},
{
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"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleInventory",
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"Value": 2500000
},
{
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},
{
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"Start date for period": "2017-03-31",
"Value": 0.4
},
{
"Currency / Unit": "USD",
"End character": 765,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleFixedAssets",
"Start character": 761,
"Start date for period": "2017-03-31",
"Value": 1750000
},
{
"Currency / Unit": "pure",
"End character": 784,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleFixedAssets",
"Start character": 782,
"Start date for period": "2017-03-31",
"Value": 0.45
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 31, 2017, the Company and each of its wholly-owned subsidiaries entered into an amendment to the 2016 Loan with MidCap ("First Amendment"). The First Amendment increased the line of credit from $6.0 million to $8.0 million and extended the maturity date to February 28, 2020. As amended, the line of credit permits the Company to borrow an amount under the 2016 Loan equal to the lesser of (A) $8.0 million; and (B)(i) 85% of the value of the Company’s eligible domestic accounts receivable, plus (ii) the lesser of (x) $2.5 million and (y) 75% of the net orderly liquidation value of eligible inventory, plus (iii) the lesser of (x) $400,000 and (y) 40% of appraised net forced liquidation value of eligible fixed assets, plus (iv) the lesser of (x) $1.75 million and (y) 45% of the appraised value of certain properties owned by the Company (subject to MidCap's receipt of any third-party or internal approvals it may require in its discretion), minus (v) any amount which MidCap may require from time to time, pursuant to terms of the agreement, in order to secure amounts owed to MidCap under the agreement.
|
[
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"Value": 6000000
},
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{
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"Value": 0.85
},
{
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},
{
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"Value": 0.75
},
{
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"Value": 0.4
},
{
"Currency / Unit": "USD",
"End character": 765,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleFixedAssets",
"Start character": 761,
"Start date for period": "2017-03-31",
"Value": 1750000
},
{
"Currency / Unit": "pure",
"End character": 784,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleFixedAssets",
"Start character": 782,
"Start date for period": "2017-03-31",
"Value": 0.45
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On March 31, 2017, the Company and each of its wholly-owned subsidiaries entered into an amendment to the 2016 Loan with MidCap ("First Amendment"). The First Amendment increased the line of credit from $6.0 million to $8.0 million and extended the maturity date to February 28, 2020. As amended, the line of credit permits the Company to borrow an amount under the 2016 Loan equal to the lesser of (A) $8.0 million; and (B)(i) 85% of the value of the Company’s eligible domestic accounts receivable, plus (ii) the lesser of (x) $2.5 million and (y) 75% of the net orderly liquidation value of eligible inventory, plus (iii) the lesser of (x) $400,000 and (y) 40% of appraised net forced liquidation value of eligible fixed assets, plus (iv) the lesser of (x) $1.75 million and (y) 45% of the appraised value of certain properties owned by the Company (subject to MidCap's receipt of any third-party or internal approvals it may require in its discretion), minus (v) any amount which MidCap may require from time to time, pursuant to terms of the agreement, in order to secure amounts owed to MidCap under the agreement.
|
[
{
"Currency / Unit": "USD",
"End character": 207,
"End date for period": "2016-12-31",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 204,
"Start date for period": "2016-12-31",
"Value": 6000000
},
{
"Currency / Unit": "USD",
"End character": 223,
"End date for period": "2017-03-31",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 220,
"Start date for period": "2017-03-31",
"Value": 8000000
},
{
"Currency / Unit": "USD",
"End character": 407,
"End date for period": "2017-03-31",
"Label": "us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity",
"Start character": 404,
"Start date for period": "2017-03-31",
"Value": 8000000
},
{
"Currency / Unit": "pure",
"End character": 430,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleDomesticAccountsReceivable",
"Start character": 428,
"Start date for period": "2017-03-31",
"Value": 0.85
},
{
"Currency / Unit": "USD",
"End character": 533,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleInventory",
"Start character": 530,
"Start date for period": "2017-03-31",
"Value": 2500000
},
{
"Currency / Unit": "pure",
"End character": 552,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityCovenantPercentOfEligibleInventory",
"Start character": 550,
"Start date for period": "2017-03-31",
"Value": 0.75
},
{
"Currency / Unit": "pure",
"End character": 662,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleFixedAssets",
"Start character": 660,
"Start date for period": "2017-03-31",
"Value": 0.4
},
{
"Currency / Unit": "USD",
"End character": 765,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityEligibleFixedAssets",
"Start character": 761,
"Start date for period": "2017-03-31",
"Value": 1750000
},
{
"Currency / Unit": "pure",
"End character": 784,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityBorrowingCapacityPercentOfEligibleFixedAssets",
"Start character": 782,
"Start date for period": "2017-03-31",
"Value": 0.45
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The First Amendment contains a minimum line availability covenant equal to $350.0 thousand, the same as the 2016 Loan. This covenant may be replaced by a Fixed Charge Coverage Ratio ("FCCR") covenant once the Company has achieved an FCCR of 1.1x on an annualized basis. The Company paid underwriting fees of $20.0 thousand at closing.
|
[
{
"Currency / Unit": "USD",
"End character": 81,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityCovenantComplianceMinimumBorrowingCapacity",
"Start character": 76,
"Start date for period": "2017-03-31",
"Value": 350000
},
{
"Currency / Unit": "USD",
"End character": 314,
"End date for period": "2017-03-31",
"Label": "us-gaap:PaymentsOfDebtIssuanceCosts",
"Start character": 310,
"Start date for period": "2017-03-31",
"Value": 20000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The First Amendment contains a minimum line availability covenant equal to $350.0 thousand, the same as the 2016 Loan. This covenant may be replaced by a Fixed Charge Coverage Ratio ("FCCR") covenant once the Company has achieved an FCCR of 1.1x on an annualized basis. The Company paid underwriting fees of $20.0 thousand at closing.
|
[
{
"Currency / Unit": "USD",
"End character": 81,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityCovenantComplianceMinimumBorrowingCapacity",
"Start character": 76,
"Start date for period": "2017-03-31",
"Value": 350000
},
{
"Currency / Unit": "USD",
"End character": 314,
"End date for period": "2017-03-31",
"Label": "us-gaap:PaymentsOfDebtIssuanceCosts",
"Start character": 310,
"Start date for period": "2017-03-31",
"Value": 20000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The First Amendment contains a minimum line availability covenant equal to $350.0 thousand, the same as the 2016 Loan. This covenant may be replaced by a Fixed Charge Coverage Ratio ("FCCR") covenant once the Company has achieved an FCCR of 1.1x on an annualized basis. The Company paid underwriting fees of $20.0 thousand at closing.
|
[
{
"Currency / Unit": "USD",
"End character": 81,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityCovenantComplianceMinimumBorrowingCapacity",
"Start character": 76,
"Start date for period": "2017-03-31",
"Value": 350000
},
{
"Currency / Unit": "USD",
"End character": 314,
"End date for period": "2017-03-31",
"Label": "us-gaap:PaymentsOfDebtIssuanceCosts",
"Start character": 310,
"Start date for period": "2017-03-31",
"Value": 20000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The First Amendment contains a minimum line availability covenant equal to $350.0 thousand, the same as the 2016 Loan. This covenant may be replaced by a Fixed Charge Coverage Ratio ("FCCR") covenant once the Company has achieved an FCCR of 1.1x on an annualized basis. The Company paid underwriting fees of $20.0 thousand at closing
|
[
{
"Currency / Unit": "USD",
"End character": 81,
"End date for period": "2017-03-31",
"Label": "idsa:LineOfCreditFacilityCovenantComplianceMinimumBorrowingCapacity",
"Start character": 76,
"Start date for period": "2017-03-31",
"Value": 350000
},
{
"Currency / Unit": "USD",
"End character": 314,
"End date for period": "2017-03-31",
"Label": "us-gaap:PaymentsOfDebtIssuanceCosts",
"Start character": 310,
"Start date for period": "2017-03-31",
"Value": 20000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 26, 2017, certain borrowing base restrictions were satisfied with MidCap which resulted in an increase in availability of $1.75 million.
|
[
{
"Currency / Unit": "USD",
"End character": 136,
"End date for period": "2017-04-26",
"Label": "idsa:LineOfCreditFacilityIncreaseInBorrowingCapacityResultingFromBorrowingBaseRestrictionsSatisfaction",
"Start character": 132,
"Start date for period": "2017-04-26",
"Value": 1750000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 26, 2017, certain borrowing base restrictions were satisfied with MidCap which resulted in an increase in availability of $1.75 million.
|
[
{
"Currency / Unit": "USD",
"End character": 136,
"End date for period": "2017-04-26",
"Label": "idsa:LineOfCreditFacilityIncreaseInBorrowingCapacityResultingFromBorrowingBaseRestrictionsSatisfaction",
"Start character": 132,
"Start date for period": "2017-04-26",
"Value": 1750000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 26, 2017, certain borrowing base restrictions were satisfied with MidCap which resulted in an increase in availability of $1.75 million.
|
[
{
"Currency / Unit": "USD",
"End character": 136,
"End date for period": "2017-04-26",
"Label": "idsa:LineOfCreditFacilityIncreaseInBorrowingCapacityResultingFromBorrowingBaseRestrictionsSatisfaction",
"Start character": 132,
"Start date for period": "2017-04-26",
"Value": 1750000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 26, 2017, certain borrowing base restrictions were satisfied with MidCap which resulted in an increase in availability of $1.75 million.
|
[
{
"Currency / Unit": "USD",
"End character": 136,
"End date for period": "2017-04-26",
"Label": "idsa:LineOfCreditFacilityIncreaseInBorrowingCapacityResultingFromBorrowingBaseRestrictionsSatisfaction",
"Start character": 132,
"Start date for period": "2017-04-26",
"Value": 1750000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company paid and capitalized loan fees in the amount of $124.9 thousand and $240.5 thousand during the years ended December 31, 2017 and 2016, respectively.
|
[
{
"Currency / Unit": "USD",
"End character": 66,
"End date for period": "2017-12-31",
"Label": "idsa:AmountOfLoanFeesPaidAndCapitalized",
"Start character": 61,
"Start date for period": "2017-01-01",
"Value": 124900
},
{
"Currency / Unit": "USD",
"End character": 86,
"End date for period": "2016-12-31",
"Label": "idsa:AmountOfLoanFeesPaidAndCapitalized",
"Start character": 81,
"Start date for period": "2016-01-01",
"Value": 240500
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company leased a portion of its Louisville, Kentucky facility from a related party (see Note 9 - Related Party Transactions) under an operating lease that was due to expire December 31, 2017 (the "7100 Prior Lease"). The lease amount was $53.8 thousand per month. Effective October 1, 2017, the Company entered into a new lease agreement with a related party for the same property (the "7100 Lease") that terminated and replaced the 7100 Prior Lease. The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense.
|
[
{
"Currency / Unit": "USD",
"End character": 247,
"End date for period": "2017-12-31",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 243,
"Start date for period": "2017-01-01",
"Value": 53800
},
{
"Currency / Unit": "USD",
"End character": 524,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 520,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company leased a portion of its Louisville, Kentucky facility from a related party (see Note 9 - Related Party Transactions) under an operating lease that was due to expire December 31, 2017 (the "7100 Prior Lease"). The lease amount was $53.8 thousand per month. Effective October 1, 2017, the Company entered into a new lease agreement with a related party for the same property (the "7100 Lease") that terminated and replaced the 7100 Prior Lease. The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense
|
[
{
"Currency / Unit": "USD",
"End character": 247,
"End date for period": "2017-12-31",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 243,
"Start date for period": "2017-01-01",
"Value": 53800
},
{
"Currency / Unit": "USD",
"End character": 524,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 520,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Company leased a portion of its Louisville, Kentucky facility from a related party (see Note 9 - Related Party Transactions) under an operating lease that was due to expire December 31, 2017 (the "7100 Prior Lease"). The lease amount was $53.8 thousand per month. Effective October 1, 2017, the Company entered into a new lease agreement with a related party for the same property (the "7100 Lease") that terminated and replaced the 7100 Prior Lease. The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense
|
[
{
"Currency / Unit": "USD",
"End character": 243,
"End date for period": "2017-12-31",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 239,
"Start date for period": "2017-01-01",
"Value": 53800
},
{
"Currency / Unit": "USD",
"End character": 520,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 516,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The lease is for a period of seven years with rent payments of $37.5 thousand per month for the first five years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of five years. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense
|
[
{
"Currency / Unit": "USD",
"End character": 68,
"End date for period": "2017-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 64,
"Start date for period": "2017-10-01",
"Value": 37500
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company signed a lease, effective December 1, 2014, to lease a facility in the Seymour, Indiana area. This lease is for a period of three years. The Company has the option to extend the lease for three (3) additional three (3) year periods. Rent is $8.0 thousand per month and increases each year by $0.2 thousand per month. In the event ISA exercises the option to renew the lease for a second three year term, at the end of the second three year term, ISA has the option to purchase the property.
|
[
{
"Currency / Unit": "USD",
"End character": 258,
"End date for period": "2014-12-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 255,
"Start date for period": "2014-12-01",
"Value": 8000
},
{
"Currency / Unit": "USD",
"End character": 309,
"End date for period": "2014-12-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseAdditional",
"Start character": 306,
"Start date for period": "2014-12-01",
"Value": 200
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company signed a lease, effective October 1, 2014, to lease three cranes for $28.9 thousand per month (the "Crane Lease"). This lease is for a period of five years. On May 1, 2016, the Company entered into an amendment to the Crane Lease, whereby the lease converted from an operating lease to a capital lease. See details below in Capital Leases section.
|
[
{
"Currency / Unit": "USD",
"End character": 86,
"End date for period": "2014-10-01",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 82,
"Start date for period": "2014-10-01",
"Value": 28900
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company previously leased equipment from a related party (see Note 9 - Related Party Transactions) under an operating lease for a monthly payment of $5.0 thousand. The lease expired in May 2016.
|
[
{
"Currency / Unit": "USD",
"End character": 157,
"End date for period": "2016-05-31",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 154,
"Start date for period": "2016-05-02",
"Value": 5000
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
The Company leased a lot in Louisville, Kentucky for a term that commenced in March 2012 and ended in February 2016. The monthly payment amount from March 2012 through February 2014 was $3.5 thousand. Beginning March 2014, the monthly payment amount increased to $3.8 thousand for the remaining term. As of August 31, 2015, the Company entered into a settlement to abandon the leased property and pay the remaining balance of scheduled payments over a 19 month period, ending March 31, 2017. This amount was fully repaid in 2017.
|
[
{
"Currency / Unit": "USD",
"End character": 190,
"End date for period": "2014-02-28",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 187,
"Start date for period": "2012-03-01",
"Value": 3500
},
{
"Currency / Unit": "USD",
"End character": 267,
"End date for period": "2014-03-02",
"Label": "idsa:OperatingLeasesMonthlyRentExpenseGross",
"Start character": 264,
"Start date for period": "2014-03-01",
"Value": 3800
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 30, 2015, the Company entered into a lease agreement with LK Property (see Note 9 - Related Party Transactions), for a portion of the 4.4 acre parcel of real estate located at 6709 Grade Lane, Louisville, Kentucky in the amount of $3.0 thousand per month. The lease terminates on April 14, 2019, but the Company has the right to terminate the lease and vacate the leased premises upon 90 days notice. The Company is required to reimburse the lessor for 40% of the property taxes on the parcel during the term.
|
[
{
"Currency / Unit": "USD",
"End character": 244,
"End date for period": "2015-04-30",
"Label": "us-gaap:SaleLeasebackTransactionMonthlyRentalPayments",
"Start character": 241,
"Start date for period": "2015-04-30",
"Value": 3000
},
{
"Currency / Unit": "pure",
"End character": 464,
"End date for period": "2015-04-30",
"Label": "idsa:SaleLeasebackTransactionReimbursementPercentageOfPropertyTaxes",
"Start character": 462,
"Start date for period": "2015-04-30",
"Value": 0.4
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 30, 2015, the Company entered into a lease agreement with LK Property (see Note 9 - Related Party Transactions), for a portion of the 4.4 acre parcel of real estate located at 6709 Grade Lane, Louisville, Kentucky in the amount of $3.0 thousand per month. The lease terminates on April 14, 2019, but the Company has the right to terminate the lease and vacate the leased premises upon 90 days notice. The Company is required to reimburse the lessor for 40% of the property taxes on the parcel during the term.
|
[
{
"Currency / Unit": "USD",
"End character": 244,
"End date for period": "2015-04-30",
"Label": "us-gaap:SaleLeasebackTransactionMonthlyRentalPayments",
"Start character": 241,
"Start date for period": "2015-04-30",
"Value": 3000
},
{
"Currency / Unit": "pure",
"End character": 464,
"End date for period": "2015-04-30",
"Label": "idsa:SaleLeasebackTransactionReimbursementPercentageOfPropertyTaxes",
"Start character": 462,
"Start date for period": "2015-04-30",
"Value": 0.4
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On April 30, 2015, the Company entered into a lease agreement with LK Property (see Note 9 - Related Party Transactions), for a portion of the 4.4 acre parcel of real estate located at 6709 Grade Lane, Louisville, Kentucky in the amount of $3.0 thousand per month. The lease terminates on April 14, 2019, but the Company has the right to terminate the lease and vacate the leased premises upon 90 days notice. The Company is required to reimburse the lessor for 40% of the property taxes on the parcel during the term.
|
[
{
"Currency / Unit": "USD",
"End character": 244,
"End date for period": "2015-04-30",
"Label": "us-gaap:SaleLeasebackTransactionMonthlyRentalPayments",
"Start character": 241,
"Start date for period": "2015-04-30",
"Value": 3000
},
{
"Currency / Unit": "pure",
"End character": 464,
"End date for period": "2015-04-30",
"Label": "idsa:SaleLeasebackTransactionReimbursementPercentageOfPropertyTaxes",
"Start character": 462,
"Start date for period": "2015-04-30",
"Value": 0.4
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
Total rent expense for the years ended December 31, 2017 and 2016 was $770.7 thousand and $982.2 thousand, respectively.
|
[
{
"Currency / Unit": "USD",
"End character": 76,
"End date for period": "2017-12-31",
"Label": "us-gaap:LeaseAndRentalExpense",
"Start character": 71,
"Start date for period": "2017-01-01",
"Value": 770700
},
{
"Currency / Unit": "USD",
"End character": 96,
"End date for period": "2016-12-31",
"Label": "us-gaap:LeaseAndRentalExpense",
"Start character": 91,
"Start date for period": "2016-01-01",
"Value": 982200
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On May 1, 2016, the Company entered into an amendment to the Crane Lease, whereby the lease is extended through April 30, 2021. Payments are $14.5 thousand per month for the first twelve months following the amendment date, followed by monthly payments of $31.3 thousand thereafter for the reminder of the lease term. There is no bargain purchase option associated with the Crane Lease. Based on the new lease terms, the Company classified the Crane Lease as a capital lease. At inception, the Company recorded a capital lease obligation of $1.3 million. The Company used a weighted average cost of capital of 9.3% to calculate the capital lease obligation. For the year ended December 31, 2017, the Company recorded $257.0 thousand in depreciation expense and $109.8 thousand in interest expense related to the Crane Lease. The net book value and the related accumulated depreciation of the Crane Lease were $1.0 million and $428.3 thousand, respectively, at December 31, 2017. For the year ended December 31, 2016, the Company recorded $171.3 thousand in depreciation expense and $78.7 thousand in interest expense related to the Crane Lease. The net book value and the related accumulated depreciation of the Crane Lease were $1.1 million and $171.3 thousand, respectively, at December 31, 2016.
|
[
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"Label": "idsa:CapitalLeasesMonthlyRentalPaymentsForFirstTwelveMonthsFollowingAmendmentDate",
"Start character": 142,
"Start date for period": "2016-04-30",
"Value": 14500
},
{
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"Value": 31300
},
{
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"Label": "us-gaap:CapitalLeaseObligations",
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"Start date for period": "2016-05-01",
"Value": 1300000
},
{
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},
{
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"Value": 257000
},
{
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"Label": "us-gaap:InterestExpenseLesseeAssetsUnderCapitalLease",
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"Start date for period": "2017-01-01",
"Value": 109800
},
{
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"Label": "us-gaap:CapitalLeaseObligations",
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"Start date for period": "2017-12-31",
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},
{
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"Value": 428300
},
{
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"Start date for period": "2016-01-01",
"Value": 171300
},
{
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"Start date for period": "2016-01-01",
"Value": 78700
},
{
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"Label": "us-gaap:CapitalLeaseObligations",
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"Start date for period": "2016-12-31",
"Value": 1100000
},
{
"Currency / Unit": "USD",
"End character": 1253,
"End date for period": "2016-12-31",
"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
"Start character": 1248,
"Start date for period": "2016-01-01",
"Value": 171300
}
] |
10-K
|
0000897101-18-000301
|
2018-03-26T16:20:13+00:00
|
20171231
|
INDUSTRIAL SERVICES OF AMERICA INC
|
On May 1, 2016, the Company entered into an amendment to the Crane Lease, whereby the lease is extended through April 30, 2021. Payments are $14.5 thousand per month for the first twelve months following the amendment date, followed by monthly payments of $31.3 thousand thereafter for the reminder of the lease term. There is no bargain purchase option associated with the Crane Lease. Based on the new lease terms, the Company classified the Crane Lease as a capital lease. At inception, the Company recorded a capital lease obligation of $1.3 million. The Company used a weighted average cost of capital of 9.3% to calculate the capital lease obligation. For the year ended December 31, 2017, the Company recorded $257.0 thousand in depreciation expense and $109.8 thousand in interest expense related to the Crane Lease. The net book value and the related accumulated depreciation of the Crane Lease were $1.0 million and $428.3 thousand, respectively, at December 31, 2017. For the year ended December 31, 2016, the Company recorded $171.3 thousand in depreciation expense and $78.7 thousand in interest expense related to the Crane Lease. The net book value and the related accumulated depreciation of the Crane Lease were $1.1 million and $171.3 thousand, respectively, at December 31, 2016.
|
[
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"End date for period": "2016-05-01",
"Label": "idsa:CapitalLeasesMonthlyRentalPaymentsForFirstTwelveMonthsFollowingAmendmentDate",
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"Start date for period": "2016-04-30",
"Value": 14500
},
{
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"Label": "idsa:CapitalLeasesMonthlyRentalPaymentsForReminderOfLeaseTerm",
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"Value": 31300
},
{
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"End date for period": "2016-05-01",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 542,
"Start date for period": "2016-05-01",
"Value": 1300000
},
{
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"End character": 613,
"End date for period": "2016-05-01",
"Label": "idsa:WeightedAverageCostOfCapital",
"Start character": 610,
"Start date for period": "2016-05-01",
"Value": 0.093
},
{
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"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
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"Start date for period": "2017-01-01",
"Value": 257000
},
{
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"Label": "us-gaap:InterestExpenseLesseeAssetsUnderCapitalLease",
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"Start date for period": "2017-01-01",
"Value": 109800
},
{
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"End character": 914,
"End date for period": "2017-12-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 911,
"Start date for period": "2017-12-31",
"Value": 1000000
},
{
"Currency / Unit": "USD",
"End character": 933,
"End date for period": "2017-12-31",
"Label": "us-gaap:CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation",
"Start character": 928,
"Start date for period": "2017-12-31",
"Value": 428300
},
{
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"End character": 1045,
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"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
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"Start date for period": "2016-01-01",
"Value": 171300
},
{
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"End character": 1088,
"End date for period": "2016-12-31",
"Label": "us-gaap:InterestExpenseLesseeAssetsUnderCapitalLease",
"Start character": 1084,
"Start date for period": "2016-01-01",
"Value": 78700
},
{
"Currency / Unit": "USD",
"End character": 1234,
"End date for period": "2016-12-31",
"Label": "us-gaap:CapitalLeaseObligations",
"Start character": 1231,
"Start date for period": "2016-12-31",
"Value": 1100000
},
{
"Currency / Unit": "USD",
"End character": 1253,
"End date for period": "2016-12-31",
"Label": "idsa:DepreciationExpenseLesseeAssetsUnderCapitalLease",
"Start character": 1248,
"Start date for period": "2016-01-01",
"Value": 171300
}
] |
Subsets and Splits
Transform Dates and Entities
Transforms and standardizes the filing and quarter dates, and the dates within entities, making the data more uniform and easier to analyze for temporal patterns and trends.
Top Entities by Count
Discovers the most frequently occurring entities and their associated currency units, providing insights into prominent mentions and economic contexts.
Stock Repurchase Program Data
Extracts key details about stock repurchase program authorizations, grouped by date, CIK, and filing timestamp, providing a structured look at these financial events.
Top Entity Labels Count
Counts the occurrences of each entity label in the dataset, providing insight into the distribution of labeled entities.
Formatted Financial Data Extract
The query performs some basic data cleaning and transformation, specifically converting date formats, but the results are limited and do not provide deep analytical insights or reveal meaningful patterns.