Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Debt - Additional Information (Detail)

v3.3.1.900
Debt - Additional Information (Detail)
12 Months Ended
Dec. 30, 2015
USD ($)
Aug. 26, 2014
USD ($)
Dec. 31, 2015
USD ($)
Line Of Credit Facility [Line Items]      
Revolving credit facility, net     $ 8,869,000
Debt issuance costs     2,218,000
Capital Leases [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument, Weighted average interest rates 8.04%    
Term Loan [Member]      
Line Of Credit Facility [Line Items]      
Line of credit facility maximum borrowing capacity $ 55,000,000    
Current outstanding borrowings     550,000
Long-term outstanding borrowings     52,300,000
Unamortized transaction costs     $ 2,200,000
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 covenants are effective beginning with the quarter ending March 31, 2016.
Term Loan [Member] | Minimum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument covenants fixed charge coverage ratio     1.10%
Debt instrument covenants stepping up over time fixed charge coverage ratio     1.25%
Term Loan [Member] | Maximum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument covenants leverage ratio     4.00%
Debt instrument covenants stepping down over time leverage ratio     3.25%
Term Loan [Member] | Scenario One [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument interest rate applicable margin     6.00%
Term Loan [Member] | Scenario Two [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument interest rate applicable margin     7.00%
Debt instrument, Leverage ratio     0.020
Term Loan [Member] | Base Rate | Scenario One [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument variable interest rate     4.00%
Term Loan [Member] | Base Rate | Scenario Two [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument variable interest rate     5.50%
Term Loan [Member] | Federal Funds Rate Plus [Member] | Scenario One [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument variable interest rate     0.50%
Term Loan [Member] | LIBOR Rate Plus [Member] | Scenario One [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument variable interest rate     1.00%
Term Loan [Member] | LIBOR Rate Plus [Member] | Scenario Two [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument variable interest rate     6.50%
Term Loan [Member] | LIBOR Rate Plus [Member] | Scenario Two [Member] | Minimum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument variable interest rate     1.00%
Auto Loan      
Line Of Credit Facility [Line Items]      
Debt instrument maturity period     5 years
Annual amortization percent in principal amount     1.00%
Debt instrument, Interest rate minimum     0.00%
Debt instrument, Interest rate maximum     5.20%
Auto Loan | Minimum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument, Term     36 months
Auto Loan | Maximum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument, Term     60 months
Revolving Credit Facility [Member]      
Line Of Credit Facility [Line Items]      
Line of credit facility maximum borrowing capacity 25,000,000    
Debt instrument, Term     5 years
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 description     The Revolving Credit Facility contains 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 are effective beginning with the quarter ending March 31, 2016
Debt instrument covenants minimum cash velocity percentage     80.00%
Debt instrument, maturity date     Dec. 30, 2020
Revolving credit facility, net     $ 8,900,000
Debt issuance costs     1,100,000
Available credit     $ 15,000,000
Revolving Credit Facility [Member] | Minimum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument covenants fixed charge coverage ratio     1.10%
Debt instrument covenants stepping up over time fixed charge coverage ratio     1.25%
Revolving Credit Facility [Member] | Maximum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument covenants leverage ratio     4.00%
Debt instrument covenants stepping down over time leverage ratio     3.25%
Revolving Credit Facility [Member] | Scenario One [Member] | Minimum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument interest rate applicable margin     2.00%
Revolving Credit Facility [Member] | Scenario One [Member] | Maximum [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument interest rate applicable margin     2.50%
Revolving Credit Facility [Member] | Scenario Two [Member]      
Line Of Credit Facility [Line Items]      
Fee percentage on unused portion     0.25%
Revolving Credit Facility [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 [Member] | LIBOR Rate Plus [Member] | Scenario One [Member]      
Line Of Credit Facility [Line Items]      
Debt instrument variable interest rate     1.00%
Revolving Credit Facility [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 [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 0.85    
Revolving Credit and Security Agreement [Member]      
Line Of Credit Facility [Line Items]      
Unamortized transaction costs   $ 37,000  
Termination fees   $ 61,000