• Filing Date: 2020-06-12
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
Revolving Credit Facility (Details) - USD ($)
$ in Thousands
1 Months Ended 9 Months Ended
Dec. 31, 2016
Nov. 16, 2016
Sep. 27, 2016
Apr. 30, 2020
Revolving Credit Facility (Textual)        
Forward contracts, description       There were $1.4 million of outstanding foreign exchange contracts with less than six months tenor under the credit facility, which reduced the available borrowing under the revolving credit facility by $140,000.
Foreign Exchange Contract [Member]        
Revolving Credit Facility (Textual)        
Loan and security agreement with western alliance bank for revolving credit facility amount   $ 5,000    
Line of credit facility, borrowing capacity, description   The Company to enter into foreign exchange contracts not to exceed $5.0 million in the aggregate at any point in time under its revolving credit facility. This limit was raised to approximately $6.5 million pursuant to the Loan and Security Modification Agreement dated May 30, 2018. The available borrowing under the revolving credit facility is reduced by an applicable foreign exchange reserve percentage as determined by Western Alliance Bank, in its reasonable discretion from time to time, which was initially set at 10% of the nominal amount of the foreign exchange contracts in effect at the relevant time.    
Foreign exchange, description The applicable foreign exchange reserve percentage was changed so that the reduction of available borrowing for major currency forward contracts of less than nine months tenor is set at 10% of the nominal amount of the foreign exchange contracts, and for contracts over six months tenor, 12.5% of the nominal amount of the foreign exchange contracts.      
Revolving Credit Facility [Member]        
Revolving Credit Facility (Textual)        
Loan and security agreement with western alliance bank for revolving credit facility amount     $ 2,500  
Line of credit facility, borrowing capacity, description     Advances under this facility may not exceed the lesser of $2.5 million or 80% of the Company's eligible accounts receivable, subject to certain concentration limits.  
Interest rate, description     The outstanding principal amount bears interest per annum at the greater of 5.0% or the prime rate plus 1.25%. Interest is payable monthly and all outstanding principal and any accrued and unpaid interest is due on the maturity date of September 26, 2020.  
Line of credit maturity date     Sep. 26, 2020  
Line of credit facility annual fee     $ 12,500  
Available borrowing reduction       $ 140