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] |
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|
|
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|
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|
Total debt |
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|
|
|
|
|
$ 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 |
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|
|
|
|
|
$ 0.01
|
|
$ 0.01
|
|
$ 0.01
|
Net proceeds from offering |
|
|
|
|
|
|
|
|
|
$ 80,000,000
|
|
Remaining borrowing capacity |
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|
|
|
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|
$ 1,839,000
|
|
$ 1,839,000
|
|
|
Payment for debt extinguishment costs |
|
|
|
|
|
|
|
|
|
405,000
|
|
Loss on debt extinguishment |
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|
|
|
|
|
|
$ (9,000)
|
(884,000)
|
(663,000)
|
|
Restricted Cash |
|
|
|
|
|
|
1,500,000
|
|
1,500,000
|
|
$ 1,893,000
|
Over-Allotment Option |
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|
|
|
|
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|
|
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|
Debt Instrument [Line Items] |
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|
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Principal amount denomination |
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|
|
|
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25.00
|
|
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Integral multiples of excess principal amount |
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$ 25.00
|
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Revolving loan |
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Debt Instrument [Line Items] |
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Term of debt |
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|
|
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|
3 years
|
|
|
Revolving line of credit facility, maximum borrowing capacity |
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|
|
|
|
80,000,000
|
|
$ 80,000,000
|
|
|
Interest expense |
|
|
|
|
|
|
1,685,000
|
766,000
|
$ 3,907,000
|
766,000
|
|
Monthly fee percentage |
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|
|
|
|
|
|
|
0.50%
|
|
|
Revolving loan | Line of Credit |
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|
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|
|
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|
Debt Instrument [Line Items] |
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|
|
|
|
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|
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|
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 |
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|
|
|
|
|
0
|
|
0
|
|
|
Total carrying amount of debt |
|
|
|
|
|
|
63,786,000
|
|
63,786,000
|
|
|
Remaining borrowing capacity |
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|
|
|
|
|
$ 1,839,000
|
|
$ 1,839,000
|
|
|
Revolving loan | LIBOR |
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|
Debt Instrument [Line Items] |
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|
|
|
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|
Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
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|
4.50%
|
|
|
Number of business days | D |
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|
|
|
|
3
|
|
3
|
|
|
Revolving loan | London Inter bank Offered Rate LIBOR Floor |
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|
|
|
|
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|
Debt Instrument [Line Items] |
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|
|
|
|
|
|
|
|
|
|
Debt instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
0.50%
|
|
|
Real Estate financing term loan |
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|
|
|
|
|
|
|
|
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|
Debt Instrument [Line Items] |
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|
|
|
|
|
|
|
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|
Principal amount |
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|
|
|
|
$ 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 |
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|
|
|
2
|
|
|
|
|
|
Term of written notice |
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30 days
|
|
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|
|
|
Term of written notice from borrowers for prepayment |
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|
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|
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 |
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|
|
|
|
|
|
|
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|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
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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 |
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|
|
|
|
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 |
|
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|
|
|
|
|
|
|
|
|
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] |
|
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|
|
|
|
|
|
|
|
|
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 |
|
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|
$ 6,648,000
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