|12 Months Ended|
Dec. 31, 2016
|Bank Debt / Term Loans [Abstract]|
As of December 31, 2016 and 2015, bank debt consisted of the following:
The interest expense associated with the bank debt during the years ended December 31, 2016 and 2015 amounted to $10 and $11, respectively. The weighted average interest rate on bank debt during the years ended December 31, 2016 and 2015 was 8.4% and 8.4%, respectively. There are no financial covenants associated with the bank debt.
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
Reference 1: http://www.xbrl.org/2003/role/presentationRef