Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Debt - Additional Information (Detail)

v3.6.0.2
Debt - Additional Information (Detail) - USD ($)
12 Months Ended
Dec. 22, 2016
Dec. 30, 2015
Dec. 31, 2016
Dec. 31, 2015
Line Of Credit Facility [Line Items]        
Current outstanding borrowings     $ 3,750,000 $ 550,000
Long-term outstanding borrowings     $ 70,149,000 52,254,000
Debt instrument, Weighted average interest rates     6.03%  
Debt issuance costs     $ 2,202,000 2,217,000
Long-term outstanding borrowings     $ 21,799,000  
Capital Leases [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument, Weighted average interest rates     6.03%  
Term Loan 2015 [Member]        
Line Of Credit Facility [Line Items]        
Debt Instrument, maximum borrowing capacity   $ 55,000,000    
Current outstanding borrowings       550,000
Long-term outstanding borrowings       52,300,000
Unamortized transaction costs       $ 2,200,000
Debt instrument, maturity date       Dec. 22, 2016
Early termination fee of debt     $ 1,100,000  
Amortization of debt issuance costs     $ 2,800,000  
Interest rate description     (i) (A) a base rate equal to the greatest of 4%, the prime rate, the federal funds rate plus 0.5% and the one month LIBOR rate plus 1%, plus (B) an initial applicable margin of 6% , or (ii) the (A) LIBOR rate for interest periods from one to twelve months, plus (B) an initial applicable margin of 7%, with a minimum LIBOR of 1.00%. Interest on borrowings under the facility will be reduced to Base Rate plus 5.5% or LIBOR plus 6.50% upon the later of (i) NeoGenomics’ achieving maximum total leverage of less than 2.0 to 1.0 and (ii) January 1, 2017.  
Debt instrument covenants description     The Term Loan Facility contains the following financial covenants: (i) maintenance of a maximum total leverage ratio of 4.0 to 1.0 (stepping down over time to 3.25 to 1.0), and (ii) maintenance of a minimum consolidated fixed charge coverage ratio of 1.10 to 1.0 (stepping up over time to 1.25 to 1.0). These Company was in compliance with all such covenants at December 22, 2016.  
Debt instrument, Term     5 years  
Annual amortization percent in principal amount     1.00%  
Term Loan 2015 [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument covenants fixed charge coverage ratio     110.00%  
Debt instrument covenants stepping up over time fixed charge coverage ratio     125.00%  
Term Loan 2015 [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument covenants leverage ratio     400.00%  
Debt instrument covenants stepping down over time leverage ratio     325.00%  
Term Loan 2015 [Member] | Scenario One [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument interest rate applicable margin     6.00%  
Term Loan 2015 [Member] | Scenario Two [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument interest rate applicable margin     7.00%  
Debt instrument, Leverage ratio     200.00%  
Term Loan 2015 [Member] | Base Rate [Member] | Scenario One [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     4.00%  
Term Loan 2015 [Member] | Base Rate [Member] | Scenario Two [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     5.50%  
Term Loan 2015 [Member] | Federal Funds Rate Plus [Member] | Scenario One [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     0.50%  
Term Loan 2015 [Member] | LIBOR Rate Plus [Member] | Scenario One [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     1.00%  
Term Loan 2015 [Member] | LIBOR Rate Plus [Member] | Scenario Two [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     6.50%  
Term Loan 2015 [Member] | LIBOR Rate Plus [Member] | Scenario Two [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     1.00%  
Term Loan 2016 [Member]        
Line Of Credit Facility [Line Items]        
Debt Instrument, maximum borrowing capacity $ 75,000,000      
Current outstanding borrowings     $ 3,700,000  
Long-term outstanding borrowings     70,100,000  
Unamortized transaction costs     $ 1,100,000  
Debt instrument, maturity date Dec. 21, 2021      
Interest rate description     (1) the Adjusted LIBOR rate for the relevant interest period, (2) an alternate base rate determined by reference to the greatest of (a) the prime lending rate of Regions, (b) the federal funds rate for the relevant interest period plus 0.5% per annum and (c) the one month LIBOR rate plus 1% per annum, or (3) a combination of (1) and (2). The applicable margin will range from 2.25% to 3.50% for LIBOR loans and 1.25% to 2.50% for base rate loans, in each case based on NeoGenomics Laboratories’ consolidated leverage ratio (as defined in the Credit Agreement). Interest on borrowings under the Revolving Credit Facility is payable on the last day of each month, in the case of each base rate loan, and on the last day of each interest period (but no less frequently than every three months), in the case of Adjusted LIBOR loans. The Company entered into an interest rate swap agreement to hedge against changes in the variable rate of a portion of this debt.  
Line of credit facility incremental borrowing capacity $ 50,000,000      
Debt instrument prepayment description     The Credit Agreement requires NeoGenomics Laboratories to mandatorily prepay the Term Loan Facility and amounts borrowed under the Revolving Credit Facility with (i) 100% of net cash proceeds from certain sales and dispositions, subject to certain reinvestment rights, (ii) 100% of net cash proceeds from certain issuances or incurrences of additional debt, (iii) beginning with the fiscal year ending December 31, 2017, 50% of excess cash flow (as defined), subject to a step down to 0% of excess cash flow if NeoGenomics Laboratories’ consolidated leverage ratio is no greater than 2.75:1.0 and (iv) 100% of net cash proceeds from issuances of permitted equity securities by NeoGenomics Laboratories made in order to cure a failure to comply with the financial covenants. NeoGenomics Laboratories is permitted to voluntarily prepay the Term Loan Facility and amounts borrowed under the Revolving Credit Facility at any time without penalty.  
Percentage of net cash proceeds for mandatory prepayment under facility 100.00%      
Percentage of net cash proceeds from issuances or incurrence of additional debt for mandatory prepayment under facility 100.00%      
Leverage ratio used to determine mandatory prepayments under credit facility 275.00%      
Percentage of net cash proceeds from issuances of permitted equity securities to be used for mandatory prepayment under facility 100.00%      
Term Loan 2016 [Member] | Leverage Ratio Greater Than Or Equal To 2.75:1.0 [Member]        
Line Of Credit Facility [Line Items]        
Percentage of excess cash flow to be used for mandatory prepayments under facility 50.00%      
Term Loan 2016 [Member] | Leverage Ratio Less Than 2.75:1.0 [Member]        
Line Of Credit Facility [Line Items]        
Percentage of excess cash flow to be used for mandatory prepayments under facility 0.00%      
Term Loan 2016 [Member] | Base Rate [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument applicable margin 1.25%      
Term Loan 2016 [Member] | Base Rate [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument applicable margin 2.50%      
Term Loan 2016 [Member] | Federal Funds Rate Plus [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate 0.50%      
Term Loan 2016 [Member] | LIBOR Rate Plus [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate 1.00%      
Term Loan 2016 [Member] | LIBOR Rate Plus [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument applicable margin 2.25%      
Term Loan 2016 [Member] | LIBOR Rate Plus [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument applicable margin 3.50%      
Auto Loans [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument, Term     36 months  
Debt instrument, Interest rate     0.00%  
Auto Loans [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument, Term     60 months  
Debt instrument, Interest rate     5.20%  
Revolving Credit Facility 2015 [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument, maturity date     Dec. 30, 2020  
Debt instrument covenants description     The Revolving Credit Facility contained the following financial covenants: (i) maintenance of a maximum total leverage ratio (funded indebtedness (including the outstanding amounts under the Credit Facilities), plus capitalized lease obligations, divided by EBITDA) of not more than 4.0 to 1.0 (stepping down over time to 3.25 to 1.0), (ii) maintenance of a minimum consolidated fixed charge coverage ratio (EBITDA less capital expenditures not financed with debt or certain equity), divided by the sum of cash interest expense, scheduled payments and mandatory prepayments of principal on indebtedness, taxes and restricted payments) of at least 1.1 to 1.0 (stepping up over time to 1.25 to 1.0) and (iii) maintenance of a minimum cash velocity equal to or greater than 80%. These covenants were effective beginning with the quarter ending March 31, 2016  
Debt instrument, Term     5 years  
Line of credit facility maximum borrowing capacity   25,000,000    
Debt instrument description     (i) (A) a base rate equal to the greatest of the prime rate, the federal funds rate plus 0.5% and the three month LIBOR rate plus 1%, plus (B) an applicable margin ranging from 2.0% to 2.5%, or (ii) the (A) LIBOR rate plus (B) an applicable margin ranging from 3.0% to 3.5%. NeoGenomics will also pay 0.25% per year on any unused portion of the revolver.  
Debt instrument covenants minimum cash velocity percentage     80.00%  
Revolving credit facility, net       $ 8,900,000
Debt issuance costs       1,100,000
Available credit       $ 15,000,000
Line of credit facility, initiation date       Dec. 30, 2015
Line of credit facility date of retired       Dec. 22, 2016
Revolving Credit Facility 2015 [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument covenants fixed charge coverage ratio     110.00%  
Debt instrument covenants stepping up over time fixed charge coverage ratio     125.00%  
Revolving Credit Facility 2015 [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument covenants leverage ratio     400.00%  
Debt instrument covenants stepping down over time leverage ratio     325.00%  
Revolving Credit Facility 2015 [Member] | Scenario One [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument interest rate applicable margin     2.00%  
Revolving Credit Facility 2015 [Member] | Scenario One [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument interest rate applicable margin     2.50%  
Revolving Credit Facility 2015 [Member] | Scenario Two [Member]        
Line Of Credit Facility [Line Items]        
Fee percentage on unused portion     0.25%  
Revolving Credit Facility 2015 [Member] | Federal Funds Rate Plus [Member] | Scenario One [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     0.50%  
Revolving Credit Facility 2015 [Member] | LIBOR Rate Plus [Member] | Scenario One [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     1.00%  
Revolving Credit Facility 2015 [Member] | LIBOR Rate Plus [Member] | Scenario Two [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     3.00%  
Revolving Credit Facility 2015 [Member] | LIBOR Rate Plus [Member] | Scenario Two [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate     3.50%  
Letter of Credit Sub Facility [Member]        
Line Of Credit Facility [Line Items]        
Line of credit facility maximum borrowing capacity   $ 1,000,000    
Revolving Credit Facility and Letter of Credit Sub Facility [Member]        
Line Of Credit Facility [Line Items]        
Percentage of borrowing base   85.00%    
Revolving Credit Facility 2016 [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument, maturity date Dec. 21, 2021      
Percentage of net cash proceeds for mandatory prepayment under facility 100.00%      
Percentage of net cash proceeds from issuances or incurrence of additional debt for mandatory prepayment under facility 100.00%      
Leverage ratio used to determine mandatory prepayments under credit facility 275.00%      
Percentage of net cash proceeds from issuances of permitted equity securities to be used for mandatory prepayment under facility 100.00%      
Line of credit facility maximum borrowing capacity $ 75,000,000      
Debt instrument description     (1) the Adjusted LIBOR rate for the relevant interest period, (2) an alternate base rate determined by reference to the greatest of (a) the prime lending rate of Regions, (b) the federal funds rate for the relevant interest period plus 0.5% per annum and (c) the one month LIBOR rate plus 1% per annum, or (3) a combination of (1) and (2). The applicable margin will range from 2.25% to 3.50% for Adjusted LIBOR loans and 1.25% to 2.50% for base rate loans, in each case based on NeoGenomics Laboratories’ consolidated leverage ratio.  
Long-term outstanding borrowings     $ 21,799,000,000  
Unamortized transaction costs     $ 1,100,000  
Line of credit facility swingline sublimit $ 10,000,000      
Debt instrument prepayment description     The Credit Agreement requires NeoGenomics Laboratories to mandatorily prepay the Term Loan Facility and amounts borrowed under the Revolving Credit Facility with (i) 100% of net cash proceeds from certain sales and dispositions, subject to certain reinvestment rights, (ii) 100% of net cash proceeds from certain issuances or incurrences of additional debt, (iii) beginning with the fiscal year ending December 31, 2017, 50% of excess cash flow (minus certain specified other payments), subject to a step down to 0% of excess cash flow if NeoGenomics Laboratories’ consolidated leverage ratio is no greater than 2.75:1.0 and (iv) 100% of net cash proceeds from issuances of permitted equity securities by NeoGenomics Laboratories made in order to cure a failure to comply with the financial covenants. NeoGenomics Laboratories is permitted to voluntarily prepay the Term Loan Facility and amounts borrowed under the Revolving Credit Facility at any time without penalty, subject to customary “breakage” costs with respect to prepayments of Adjusted LIBOR rate loans made on a day other than the last day of any applicable interest period.  
Revolving Credit Facility 2016 [Member] | Leverage Ratio Greater Than Or Equal To 2.75:1.0 [Member]        
Line Of Credit Facility [Line Items]        
Percentage of excess cash flow to be used for mandatory prepayments under facility 50.00%      
Revolving Credit Facility 2016 [Member] | Leverage Ratio Less Than 2.75:1.0 [Member]        
Line Of Credit Facility [Line Items]        
Percentage of excess cash flow to be used for mandatory prepayments under facility 0.00%      
Revolving Credit Facility 2016 [Member] | Base Rate [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate 1.25%      
Revolving Credit Facility 2016 [Member] | Base Rate [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate 2.50%      
Revolving Credit Facility 2016 [Member] | Federal Funds Rate Plus [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate 0.50%      
Revolving Credit Facility 2016 [Member] | LIBOR Rate Plus [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate 1.00%      
Revolving Credit Facility 2016 [Member] | LIBOR Rate Plus [Member] | Minimum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate 2.25%      
Revolving Credit Facility 2016 [Member] | LIBOR Rate Plus [Member] | Maximum [Member]        
Line Of Credit Facility [Line Items]        
Debt instrument variable interest rate 3.50%