Quarterly report pursuant to Section 13 or 15(d)

Credit Agreements (Details)

v3.22.2.2
Credit Agreements (Details)
$ / shares in Units, € in Thousands
3 Months Ended 9 Months Ended
Sep. 19, 2022
EUR (€)
May 17, 2022
USD ($)
Apr. 18, 2022
USD ($)
Nov. 05, 2021
USD ($)
Sep. 28, 2021
USD ($)
$ / shares
Jul. 30, 2021
USD ($)
subsidiary
Oct. 29, 2022
USD ($)
D
$ / shares
Oct. 30, 2021
USD ($)
Oct. 29, 2022
USD ($)
D
$ / shares
Oct. 30, 2021
USD ($)
Jan. 29, 2022
USD ($)
$ / shares
Debt Instrument [Line Items]                      
Total debt             $ 198,325,000   $ 198,325,000   $ 196,778,000
Less: unamortized debt issuance costs and debt discount             (6,513,000)   (6,513,000)   (7,607,000)
Plus: unamortized debt premium             1,197,000   1,197,000   1,292,000
Total carrying amount of debt             193,009,000   193,009,000   190,463,000
Less: current portion of long-term debt             (98,209,000)   (98,209,000)   (14,031,000)
Long-term debt, net             $ 94,800,000   $ 94,800,000   $ 176,432,000
Common Stock, Par or Stated Value Per Share | $ / shares             $ 0.01   $ 0.01   $ 0.01
Net proceeds from offering                   $ 80,000,000  
Remaining borrowing capacity             $ 1,839,000   $ 1,839,000    
Payment for debt extinguishment costs                   405,000  
Loss on debt extinguishment               $ (9,000) (884,000) (663,000)  
Restricted Cash             1,500,000   1,500,000   $ 1,893,000
Over-Allotment Option                      
Debt Instrument [Line Items]                      
Principal amount denomination                 25.00    
Integral multiples of excess principal amount                 $ 25.00    
Revolving loan                      
Debt Instrument [Line Items]                      
Term of debt                 3 years    
Revolving line of credit facility, maximum borrowing capacity             80,000,000   $ 80,000,000    
Interest expense             1,685,000 766,000 $ 3,907,000 766,000  
Monthly fee percentage                 0.50%    
Revolving loan | Line of Credit                      
Debt Instrument [Line Items]                      
Total long-term credit facility             63,786,000   $ 63,786,000   60,216,000
Less: unamortized debt issuance costs and debt discount             0   0    
Plus: unamortized debt premium             0   0    
Total carrying amount of debt             63,786,000   63,786,000    
Remaining borrowing capacity             $ 1,839,000   $ 1,839,000    
Revolving loan | LIBOR                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate                 4.50%    
Number of business days | D             3   3    
Revolving loan | London Inter bank Offered Rate LIBOR Floor                      
Debt Instrument [Line Items]                      
Debt instrument, basis spread on variable rate                 0.50%    
Real Estate financing term loan                      
Debt Instrument [Line Items]                      
Principal amount           $ 28,500,000          
Interest rate per annum           10.00%          
Term of debt                 3 years    
Effective interest rate             12.40%   12.40%    
Interest expense             $ 889,000 904,000 $ 2,666,000 904,000  
Number of Subsidiaries | subsidiary           2          
Term of written notice           30 days          
Term of written notice from borrowers for prepayment                 90 days    
Deferred financing costs, revolving line of credit, net             1,176,000   $ 1,176,000   1,682,000
Real Estate financing term loan | Term Loan                      
Debt Instrument [Line Items]                      
Total debt             28,500,000   28,500,000   28,500,000
Less: unamortized debt issuance costs and debt discount             (1,176,000)   (1,176,000)    
Plus: unamortized debt premium             0   0    
Total carrying amount of debt             27,324,000   27,324,000    
Real Estate financing term loan | Prime Rate                      
Debt Instrument [Line Items]                      
Number of basis points in debt instrument           2          
8.5% Senior unsecured notes                      
Debt Instrument [Line Items]                      
Total debt             80,000,000   80,000,000   80,000,000
Less: unamortized debt issuance costs and debt discount             (4,974,000)   (4,974,000)    
Total carrying amount of debt             $ 75,026,000   $ 75,026,000    
Principal amount         $ 80,000            
Interest rate per annum             8.50%   8.50%    
Net proceeds         $ 73,700,000            
Sinking fund                 $ 0    
Redemption price | $ / shares         $ 25.50            
Number of days for redemption         45 days            
Term of debt                 5 years    
Effective interest rate             10.10%   10.10%    
Interest expense             $ 2,036,000 $ 713,000 $ 6,109,000 $ 713,000  
Deferred financing costs, revolving line of credit, net             4,974,000   4,974,000   5,925,000
8.5% Senior unsecured notes | Payable in November                      
Debt Instrument [Line Items]                      
Redemption price | $ / shares         $ 25.75            
8.5% Senior unsecured notes | Payable in February                      
Debt Instrument [Line Items]                      
Redemption price | $ / shares         25.50            
8.5% Senior unsecured notes | On or after September 30, 2025 and prior to maturity                      
Debt Instrument [Line Items]                      
Redemption price | $ / shares         $ 25.25            
Seller's notes                      
Debt Instrument [Line Items]                      
Total debt             22,939,000   22,939,000   28,062,000
Seller's notes | November 15, 2023                      
Debt Instrument [Line Items]                      
Periodic principal repayment amount | € € 9,000                    
Seller's notes | November 15, 2024                      
Debt Instrument [Line Items]                      
Periodic principal repayment amount | € € 9,000                    
Seller's notes | 1-2-3.tv                      
Debt Instrument [Line Items]                      
Total debt             22,939,000   22,939,000    
Plus: unamortized debt premium             1,197,000   1,197,000    
Total carrying amount of debt             24,136,000   24,136,000    
Seller's notes | Synacor's Portal and Advertising Segment                      
Debt Instrument [Line Items]                      
Principal amount           $ 10,000,000 5,000,000   5,000,000    
Quarterly installment           $ 1,000,000          
Interest expense             171,000   347,000    
Seller Note Due In Annual Installments, Maturing In November 2023, Principal Amount [Member]                      
Debt Instrument [Line Items]                      
Total debt             17,939,000   17,939,000   20,062,000
Seller note due in quarterly installments, maturing in December 2023, principal amount                      
Debt Instrument [Line Items]                      
Total debt             5,000,000   5,000,000   8,000,000
Convertible Debt                      
Debt Instrument [Line Items]                      
Total debt             3,100,000   3,100,000    
Less: unamortized debt issuance costs and debt discount             (363,000)   (363,000)    
Total carrying amount of debt             $ 2,737,000   $ 2,737,000    
Convertible Debt | Securities Purchase Agreement with Growth Capital Partners, LLC                      
Debt Instrument [Line Items]                      
Plus: unamortized debt premium     $ 600,000                
Principal amount     10,600,000                
Proceeds from Convertible Debt     $ 10,000,000                
Repayments of Convertible Debt   $ 7,500,000                  
Interest rate per annum     7.00%                
Maximum monthly redemption amount     $ 1,500,000                
Term of debt                 13 months    
Effective interest rate             23.50%   23.50%    
Interest expense             $ 142,000   $ 258,000    
Interest rate     18.00%                
Loss on debt extinguishment   884,000                  
Debt issuance costs   $ 509,000                  
Deferred financing costs, revolving line of credit, net             363,000   363,000    
Minimum | Synacor's Portal and Advertising Segment                      
Debt Instrument [Line Items]                      
Interest rate per annum           6.00%          
Minimum | Real Estate financing term loan                      
Debt Instrument [Line Items]                      
Quarterly installment                 100,000    
Minimum | Seller's notes | Synacor's Portal and Advertising Segment                      
Debt Instrument [Line Items]                      
Interest rate per annum           6.00%          
Maximum | Synacor's Portal and Advertising Segment                      
Debt Instrument [Line Items]                      
Interest rate per annum           11.00%          
Maximum | Revolving loan                      
Debt Instrument [Line Items]                      
Letters of credit             5,000,000   5,000,000    
Maximum | Seller's notes | Synacor's Portal and Advertising Segment                      
Debt Instrument [Line Items]                      
Interest rate per annum           11.00%          
Other Assets | Revolving loan                      
Debt Instrument [Line Items]                      
Deferred financing costs, revolving line of credit, net             2,444,000   2,444,000   $ 2,411,000
1-2-3.tv | Seller's notes                      
Debt Instrument [Line Items]                      
Total debt       $ 20,800,000              
Principal amount             17,939,000   17,939,000    
Interest expense             $ 378,000   $ 1,196,000    
Interest rate       8.50%              
1-2-3.tv | Seller's notes | Payable in November                      
Debt Instrument [Line Items]                      
Total debt       $ 2,557,000              
1-2-3.tv | Seller's notes | Payable in February                      
Debt Instrument [Line Items]                      
Total debt       $ 6,648,000