NOTES PAYABLE AND LONG-TERM DEBT (Details Textual) - USD ($) |
1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 14, 2013 |
Jan. 30, 2015 |
Sep. 30, 2013 |
Sep. 15, 2012 |
May. 21, 2012 |
Nov. 15, 2011 |
Nov. 01, 2010 |
Dec. 31, 2009 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Nov. 28, 2014 |
Sep. 29, 2014 |
Mar. 31, 2014 |
Dec. 30, 2013 |
Jun. 28, 2013 |
Jun. 03, 2013 |
Dec. 31, 2012 |
Dec. 12, 2012 |
Sep. 12, 2012 |
Jun. 01, 2012 |
Dec. 12, 2011 |
Nov. 17, 2011 |
Sep. 06, 2011 |
Jun. 01, 2011 |
Dec. 01, 2010 |
Jun. 01, 2010 |
|
Amortization of Financing Costs | $ 628,000 | $ 643,000 | $ 853,000 | ||||||||||||||||||||||||
Gains (Losses) on Extinguishment of Debt, Total | $ 33,000 | (41,000) | (391,000) | (27,795,000) | |||||||||||||||||||||||
Interest Payable, Current | 16,000 | 48,000 | |||||||||||||||||||||||||
Notes Payable Carrying Value Disclosure | 212,600,000 | ||||||||||||||||||||||||||
Debt Instrument, Unamortized Discount | $ 15,000 | $ 16,000 | 16,000 | $ 15,000 | $ 18,000 | $ 8,000 | $ 3,000 | $ 14,000 | |||||||||||||||||||
Standby Letters of Credit [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 5,000,000 | ||||||||||||||||||||||||||
Swingline Loans [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | ||||||||||||||||||||||||||
Revolving Credit Facility [Member] | |||||||||||||||||||||||||||
Debt Instrument Interest Additional Interest Above London Inter bank Offered Rate | 3.00% | ||||||||||||||||||||||||||
Debt Instrument Interest Additional Interest Above Base Rate | 1.25% | ||||||||||||||||||||||||||
Line Of Credit Default Rate Above Applicable Interest Rate | 2.00% | ||||||||||||||||||||||||||
Line of Credit Facility, Covenant Terms | With respect to financial covenants, the credit agreement includes a minimum interest coverage ratio, which started at 1.50 to 1.0 and steps up to 2.50 to 1.0 by 2016 and a maximum leverage ratio, which started at 6.75 to 1.0 and steps down to 5.75 to 1.0 by 2017. The credit agreement also includes other negative covenants that are customary for credit facilities of this type, including covenants that, subject to exceptions described in the credit agreement, restrict the ability of Salem and its subsidiary guarantors | ||||||||||||||||||||||||||
Interest Coverage Ratio | 3.33% | ||||||||||||||||||||||||||
Description of Amendment | On November 15, 2011, we completed the Second Amendment of the Terminated Revolver to, among other things, (1) extend the maturity date from December 1, 2012 to December 1, 2014, (2) change the interest rate applicable to LIBOR or the Wells Fargo base rate plus a spread to be determined based on our leverage ratio, (3) allow us to borrow and repay unsecured indebtedness provided certain conditions are met and (4) include step-downs related to our leverage ratio covenant. | ||||||||||||||||||||||||||
Gains (Losses) on Extinguishment of Debt, Total | 900,000 | ||||||||||||||||||||||||||
Line Of Credit Facility Increase In Borrowing Capacity | $ 40,000,000 | $ 30,000,000 | |||||||||||||||||||||||||
Leverag Ratio, Description | 5.0 to 1 | 5.47 to 1 | |||||||||||||||||||||||||
Credit Facility Amendment Fee | $ 500,000 | ||||||||||||||||||||||||||
Term B Loan [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 300,000,000 | $ 274,000,000 | |||||||||||||||||||||||||
Senior Notes, Noncurrent | 298,500,000 | ||||||||||||||||||||||||||
Interest Expense, Debt | 300,000 | 200,000 | |||||||||||||||||||||||||
Amortization of Financing Costs | 27,000 | $ 27,000 | 300 | ||||||||||||||||||||||||
Floor Rate On Term Loan | 1.00% | ||||||||||||||||||||||||||
Debt Instrument Interest Additional Interest Above London Inter bank Offered Rate | 3.50% | ||||||||||||||||||||||||||
Debt Instrument Interest Additional Interest Above Base Rate | 2.50% | ||||||||||||||||||||||||||
Line Of Credit Default Rate Above Applicable Interest Rate | 2.00% | ||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 60,000,000 | ||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Principal | $ 750,000 | ||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 4.83% | ||||||||||||||||||||||||||
Gains (Losses) on Extinguishment of Debt, Total | 15,000 | $ 100,000 | 100,000 | ||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 300,000,000 | 300,000,000 | |||||||||||||||||||||||||
Debt Instrument, Unamortized Discount | $ 16,000 | $ 15,000 | $ 18,000 | $ 8,000 | |||||||||||||||||||||||
Revolver [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 25,000,000 | $ 3,300,000 | |||||||||||||||||||||||||
Debt Instrument Interest Additional Interest Above London Inter bank Offered Rate | 3.00% | ||||||||||||||||||||||||||
Debt Instrument Interest Additional Interest Above Base Rate | 2.00% | ||||||||||||||||||||||||||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.50% | ||||||||||||||||||||||||||
Senior Secured Second Lien Notes [Member] | |||||||||||||||||||||||||||
Senior Notes, Noncurrent | $ 298,100,000 | ||||||||||||||||||||||||||
Interest Expense, Debt | $ 37,000 | ||||||||||||||||||||||||||
Line of Credit Facility, Covenant Terms | Interest was due and payable on June 15 and December 15 of each year, commencing June 15, 2010 until maturity. | ||||||||||||||||||||||||||
Gains (Losses) on Extinguishment of Debt, Total | 26,900,000 | ||||||||||||||||||||||||||
Debt Instrument Yield To Maturity | 9.75% | ||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 300,000,000 | ||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Interest | $ 28,900,000 | ||||||||||||||||||||||||||
Interest Payable, Current | $ 900,000 | ||||||||||||||||||||||||||
Debt Instrument Redemption Amount | $ 22,700,000 | ||||||||||||||||||||||||||
Debt Instrument, Redemption Price, Percentage | 110.65% | ||||||||||||||||||||||||||
Debt Instrument, Unamortized Discount | $ 837,000 | $ 3,000 | $ 17,000 | $ 80,000 | $ 62,000 | $ 26,000 | $ 93,000 | $ 70,000 | $ 105,000 | ||||||||||||||||||
Debt Instrument Tendered Amount | 240,300,000 | ||||||||||||||||||||||||||
Debt Instrument Principal Amount Repurchased Or Redeemed | $ 212,597,000 | $ 903,000 | $ 4,000,000 | $ 17,500,000 | $ 12,500,000 | $ 5,000,000 | $ 17,500,000 | $ 12,500,000 | $ 17,500,000 | ||||||||||||||||||
Line of Credit [Member] | |||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Principal | $ 1,250,000 | ||||||||||||||||||||||||||
Line of Credit Facility, Covenant Terms | The interest rate for the FCB Loan (Interest Rate) was variable and was equal to the greater of: (a) 4.250% or (b) the Wall Street Journal Prime Rate as published in The Wall Street Journal and reported by FCB plus 1%. | ||||||||||||||||||||||||||
Debt Instrument Interest Payable Adjustment | $ 50 | ||||||||||||||||||||||||||
Notes and Loans, Noncurrent, Total | $ 10,000,000 | ||||||||||||||||||||||||||
Debt Instrument Incremental Interest Rate Due To Default | 5.00% | ||||||||||||||||||||||||||
Line of Credit [Member] | Board [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 6,000,000 | ||||||||||||||||||||||||||
Line of Credit Due to Related Party [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 12,000,000 | ||||||||||||||||||||||||||
Line of Credit Facility, Covenant Terms | Outstanding amounts under each subordinated line of credit bore interest at a rate equal to the lesser of (1) 5% per annum and (2) the maximum rate permitted for subordinated debt under the Terminated Revolver referred to above plus 2% per annum. Interest was payable at the time of any repayment of principal. In addition, outstanding amounts under each subordinated line of credit were required to be repaid within three (3) months from the time that such amounts were borrowed, with the exception of the subordinated line of credit with Mr. Hinz, which was to be repaid within six (6) months from the time that such amounts were borrowed. | ||||||||||||||||||||||||||
Line of Credit Due to Related Party [Member] | Board of Directors Chairman [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,000,000 | ||||||||||||||||||||||||||
Line of Credit Due to Related Party [Member] | Chief Executive Officer [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 6,000,000 | ||||||||||||||||||||||||||
Line of Credit Due to Related Party [Member] | Board [Member] | |||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 6,000,000 | $ 12,000,000 |