Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 23, 2014 | Apr. 30, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 23-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Entity Registrant Name | 'HORIZON LINES, INC. | ' |
Entity Central Index Key | '0001302707 | ' |
Current Fiscal Year End Date | '--12-21 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 38,927,784 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Mar. 23, 2014 | Dec. 22, 2013 |
In Thousands, unless otherwise specified | ||
Current assets | ' | ' |
Cash | $1,479 | $5,236 |
Accounts receivable, net of allowance of $4,834 and $3,984 at March 23, 2014 and December 22, 2013, respectively | 114,376 | 100,460 |
Materials and supplies | 26,193 | 23,369 |
Deferred tax asset | 1,140 | 1,140 |
Other current assets | 8,537 | 8,915 |
Total current assets | 151,725 | 139,120 |
Property and equipment, net | 223,390 | 226,838 |
Goodwill | 198,793 | 198,793 |
Intangible assets, net | 32,132 | 35,154 |
Other long-term assets | 26,086 | 24,702 |
Total assets | 632,126 | 624,607 |
Current liabilities | ' | ' |
Accounts payable | 48,050 | 49,897 |
Current portion of long-term debt, including capital leases | 13,753 | 11,473 |
Other accrued liabilities | 93,686 | 77,406 |
Total current liabilities | 155,489 | 138,776 |
Long-term debt, including capital leases, net of current portion | 523,871 | 504,845 |
Deferred tax liability | 1,571 | 1,391 |
Other long-term liabilities | 20,461 | 23,387 |
Total liabilities | 701,392 | 668,399 |
Stockholders' deficiency | ' | ' |
Preferred stock, $.01 par value, 30,500 shares authorized, no shares issued or outstanding | ' | ' |
Common stock, $.01 par value, 150,000 shares authorized, 38,928 and 38,885 shares issued and outstanding as of March 23, 2014 and December 22, 2013, respectively | 999 | 999 |
Additional paid in capital | 384,768 | 384,073 |
Accumulated deficit | -456,129 | -429,891 |
Accumulated other comprehensive income | 1,096 | 1,027 |
Total stockholders' deficiency | -69,266 | -43,792 |
Total liabilities and stockholders' deficiency | $632,126 | $624,607 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 23, 2014 | Dec. 22, 2013 |
In Thousands, except Per Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance on accounts receivable | $4,834 | $3,984 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 30,500 | 30,500 |
Preferred stock, shares issued | ' | ' |
Preferred stock, shares outstanding | ' | ' |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 150,000 | 150,000 |
Common stock, shares issued | 38,928 | 38,928 |
Common stock, shares outstanding | 38,885 | 38,885 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 23, 2014 | Mar. 24, 2013 |
Income Statement [Abstract] | ' | ' |
Operating revenue | $251,935 | $244,491 |
Operating expense: | ' | ' |
Cost of services (excluding depreciation expense) | 226,554 | 212,608 |
Depreciation and amortization | 8,452 | 9,571 |
Amortization of vessel dry-docking | 4,949 | 3,032 |
Selling, general and administrative | 20,165 | 19,736 |
Restructuring charge | 5 | 4,844 |
Miscellaneous expense (income) net | 378 | -1,005 |
Total operating expense | 260,503 | 248,786 |
Operating loss | -8,568 | -4,295 |
Other expense: | ' | ' |
Interest expense, net | 17,494 | 15,700 |
Gain on change in value of debt conversion features | -71 | -45 |
Other expense, net | 1 | 3 |
Loss from continuing operations before income tax expense | -25,992 | -19,953 |
Income tax expense | 283 | 120 |
Net loss from continuing operations | -26,275 | -20,073 |
Net income (loss) from discontinued operations | 37 | -278 |
Net loss | ($26,238) | ($20,351) |
Basic and diluted net loss per share: | ' | ' |
Continuing operations | ($0.66) | ($0.58) |
Discontinued operations | ' | ($0.01) |
Basic and diluted net loss per share | ($0.66) | ($0.59) |
Number of weighted average shares used in calculations: | ' | ' |
Basic | 39,917 | 34,746 |
Diluted | 39,917 | 34,746 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Loss (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 23, 2014 | Mar. 24, 2013 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Net loss | ($26,238) | ($20,351) |
Other comprehensive income: | ' | ' |
Amortization of pension and post-retirement benefit transition obligation, net of tax | 69 | 159 |
Other comprehensive income | 69 | 159 |
Comprehensive loss | ($26,169) | ($20,192) |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 23, 2014 | Mar. 24, 2013 |
Cash flows from operating activities: | ' | ' |
Net loss from continuing operations | ($26,275) | ($20,073) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' |
Depreciation | 6,276 | 6,112 |
Amortization of other intangible assets | 2,176 | 3,459 |
Amortization of vessel dry-docking | 4,949 | 3,032 |
Amortization of deferred financing costs | 846 | 752 |
Restructuring charge | 5 | 4,844 |
Gain on change in value of debt conversion features | -71 | -45 |
Deferred income taxes | 135 | 116 |
Gain on equipment disposals | -217 | -1,038 |
Stock-based compensation | 733 | 1,601 |
Payment-in-kind interest expense | 6,972 | 6,232 |
Accretion of interest on debt | 290 | 171 |
Other non-cash interest accretion | 284 | 265 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -13,885 | -6,540 |
Materials and supplies | -2,823 | 3,640 |
Other current assets | 378 | -707 |
Accounts payable | -1,843 | -5,919 |
Accrued liabilities | 16,206 | 13,680 |
Vessel rent | ' | -777 |
Vessel dry-docking payments | -5,060 | -4,438 |
Legal settlement payments | -4,000 | -6,500 |
Other assets/liabilities | -218 | -683 |
Net cash used in operating activities from continuing operations | -15,142 | -2,816 |
Net cash used in operating activities from discontinued operations | -102 | -752 |
Cash flows from investing activities: | ' | ' |
Purchases of property and equipment | -1,938 | -93,105 |
Proceeds from the sale of property and equipment | 839 | 2,329 |
Net cash used in investing activities | -1,099 | -90,776 |
Cash flows from financing activities: | ' | ' |
Issuance of debt | ' | 95,000 |
Payments on ABL facility | -12,200 | -11,500 |
Borrowing under ABL facility | 25,700 | ' |
Payment of financing costs | -11 | -5,289 |
Payments on capital lease obligations | -903 | -536 |
Net cash provided by financing activities | 12,586 | 77,675 |
Net decrease in cash from continuing operations | -3,655 | -15,917 |
Net decrease in cash from discontinued operations | -102 | -752 |
Net decrease in cash | -3,757 | -16,669 |
Cash at beginning of period | 5,236 | 27,839 |
Cash at end of period | $1,479 | $11,170 |
Organization
Organization | 3 Months Ended |
Mar. 23, 2014 | |
Accounting Policies [Abstract] | ' |
Organization | ' |
1. Organization | |
Horizon Lines, Inc. (the “Company”) operates as a holding company for Horizon Lines, LLC (“Horizon Lines”), a Delaware limited liability company and wholly-owned subsidiary, Horizon Lines of Alaska, LLC (“Horizon Lines of Alaska”), a Delaware limited liability company and wholly-owned subsidiary, Horizon Logistics, LLC (“Horizon Logistics”), a Delaware limited liability company and wholly-owned subsidiary, Horizon Lines of Puerto Rico, Inc. (“HLPR”), a Delaware corporation and wholly-owned subsidiary, Hawaii Stevedores, Inc. (“HSI”), a Hawaii corporation and wholly-owned subsidiary, as well as Road Raiders Transportation, Inc. and Road Raiders Logistics, Inc. (collectively, “Road Raiders”), Delaware corporations and wholly-owned subsidiaries. | |
Horizon Lines operates as a Jones Act container shipping business with primary service to ports within the continental United States, Alaska, Hawaii, and Puerto Rico. Under the Jones Act, all vessels transporting cargo between covered locations must, subject to limited exceptions, be built in the U.S., registered under the U.S. flag, manned by predominantly U.S. crews, and owned and operated by U.S.-organized companies that are controlled and 75% owned by U.S. citizens. Horizon Lines also offers terminal services. HLPR operates as an agent for Horizon Lines in Puerto Rico and also provides terminal services in Puerto Rico. The Company also provides certain third-party logistics services via its Road Raiders subsidiaries. |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 23, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
2. Basis of Presentation | |
The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany items have been eliminated in consolidation. | |
The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and accordingly, certain financial information has been condensed and certain footnote disclosures have been omitted. Such information and disclosures are normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). These financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 22, 2013. The Company uses a 52 or 53 week (every sixth or seventh year) fiscal year that ends on the Sunday before the last Friday in December. | |
The financial statements as of March 23, 2014 and the financial statements for the quarters ended March 23, 2014 and March 24, 2013 are unaudited; however, in the opinion of management, such statements include all adjustments necessary for the fair presentation of the financial information included herein, which are of a normal recurring nature. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions and to use judgment that affects the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates. Results of operations for interim periods are not necessarily indicative of results for the full year. |
LongTerm_Debt
Long-Term Debt | 3 Months Ended | ||||||||||||
Mar. 23, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Long-Term Debt | ' | ||||||||||||
3. Long-Term Debt | |||||||||||||
As of the dates below, long-term debt consisted of the following (in thousands): | |||||||||||||
March 23, | December 22, | ||||||||||||
2014 | 2013 | ||||||||||||
First lien notes | $ | 222,213 | $ | 222,381 | |||||||||
Second lien notes | 194,269 | 187,129 | |||||||||||
$75.0 million term loan agreement | 73,504 | 73,282 | |||||||||||
$20.0 million term loan agreement | 19,598 | 19,572 | |||||||||||
ABL facility | 13,500 | — | |||||||||||
Capital lease obligations | 13,040 | 12,415 | |||||||||||
6.0% convertible notes | 1,500 | 1,539 | |||||||||||
Total long-term debt | 537,624 | 516,318 | |||||||||||
Less current portion | (13,753 | ) | (11,473 | ) | |||||||||
Long-term debt, net of current portion | $ | 523,871 | $ | 504,845 | |||||||||
On October 5, 2011, the Company issued the 6.00% Convertible Notes. On October 5, 2011, Horizon Lines issued the First Lien Notes, the Second Lien Notes, and entered into the ABL Facility, and on January 31, 2013, entered into the $20.0 Million Agreement. On January 31, 2013, Horizon Lines Alaska Vessels, LLC (“Horizon Alaska”), the Company’s newly formed special purpose subsidiary, entered into the $75.0 Million Agreement. The 6.00% Convertible Notes, the First Lien Notes, the Second Lien Notes, the ABL Facility, the $20.0 Million Agreement (collectively, the “Horizon Lines Debt Agreements”), and the $75.0 Million Agreement are defined and described below. | |||||||||||||
Per the terms of the Horizon Lines Debt Agreements, the Alaska SPEs (as defined below) are not required to be a party thereto, are considered “Unrestricted Subsidiaries” under the 6.00% Convertible Notes, the First Lien Notes, the Second Lien Notes, and the $20.0 Million Agreement, and do not guarantee any of the Horizon Lines Debt Agreements. | |||||||||||||
The 6.00% Convertible Notes are fully and unconditionally guaranteed by the Company’s subsidiaries other than the Unrestricted Subsidiaries identified above. The ABL Facility, the First Lien Notes, the Second Lien Notes, and the $20.0 Million Agreement are fully and unconditionally guaranteed by the Company and each of its subsidiaries other than Horizon Lines and the Unrestricted Subsidiaries. | |||||||||||||
The ABL Facility is secured on a first-priority basis by liens on the accounts receivable, deposit accounts, securities accounts, investment property (other than equity interests of the subsidiaries and joint ventures of the Company) and cash, in each case with certain exceptions, of the Company and the Company’s subsidiaries other than the Unrestricted Subsidiaries identified above (collectively, the “ABL Priority Collateral”). Substantially all other assets of the Company and the Company’s subsidiaries, other than the assets of the Unrestricted Subsidiaries identified above, also serve as collateral for the Horizon Lines Debt Agreements (collectively, such other assets are the “Secured Notes Priority Collateral”). | |||||||||||||
The following table summarizes the guarantors and non-guarantors of each of the Horizon Lines Debt Agreements: | |||||||||||||
ABL Facility | $20 Million | First Lien Notes | Second Lien | 6% Convertible | $75 Million | ||||||||
Agreement | Notes | Notes | Agreement | ||||||||||
Horizon Lines, Inc. | Guarantor | Guarantor | Guarantor | Guarantor | Issuer | Non-Guarantor | |||||||
Horizon Lines, LLC | Issuer | Issuer | Issuer | Issuer | Guarantor | Non-Guarantor | |||||||
Horizon Alaska | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Issuer | |||||||
Horizon Vessels | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Guarantor | |||||||
Alaska Terminals | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Guarantor | |||||||
Road Raiders Inland, Inc. and subsidiaries | Guarantor | Guarantor | Guarantor | Guarantor | Guarantor | Non-Guarantor | |||||||
Other subsidiaries of the Company not specifically listed above | Guarantor | Guarantor | Guarantor | Guarantor | Guarantor | Non-Guarantor | |||||||
The following table lists the order of lien priority for each of the Horizon Lines Debt Agreements on the Secured Notes Priority Collateral and the ABL Priority Collateral, as applicable: | |||||||||||||
Secured | ABL Priority | ||||||||||||
Notes | Collateral | ||||||||||||
Priority | |||||||||||||
Collateral | |||||||||||||
$20 Million Agreement | First | Second | |||||||||||
First Lien Notes | Second | Third | |||||||||||
Second Lien Notes | Third | Fourth | |||||||||||
6.0% Convertible Notes | Fourth | Fifth | |||||||||||
ABL Facility | Fifth | First | |||||||||||
First Lien Notes | |||||||||||||
The 11.00% First Lien Senior Secured Notes (the “First Lien Notes”) were issued pursuant to an indenture on October 5, 2011. The First Lien Notes bear interest at a rate of 11.0% per annum, payable semiannually, and mature on October 15, 2016. The First Lien Notes are callable at par plus accrued and unpaid interest. Horizon Lines is obligated to make mandatory prepayments of 1%, on an annual basis, of the original principal amount. These prepayments are payable on a semiannual basis and commenced on April 15, 2012. | |||||||||||||
The First Lien Notes contain affirmative and negative covenants which are typical for senior secured high-yield notes with no financial maintenance covenants. The First Lien Notes contain other covenants, including: change of control put at 101% (subject to a permitted holder exception); limitation on asset sales; limitation on incurrence of indebtedness and preferred stock; limitation on restricted payments; limitation on restricted investments; limitation on liens; limitation on dividends; limitation on affiliate transactions; limitation on sale/leaseback transactions; limitation on guarantees by restricted subsidiaries; and limitation on mergers, consolidations and sales of all/substantially all of the assets of Horizon Lines. These covenants are subject to certain exceptions and qualifications. Horizon Lines was in compliance with all such applicable covenants as of March 23, 2014. | |||||||||||||
On October 5, 2011, the fair value of the First Lien Notes was $228.4 million, which reflected Horizon Lines’ ability to call the First Lien Notes at 101.5% during the first year and at par thereafter. The original issue premium of $3.4 million is being amortized through interest expense through the maturity of the First Lien Notes. | |||||||||||||
Second Lien Notes | |||||||||||||
The 13.00%-15.00% Second Lien Senior Secured Notes (the “Second Lien Notes”) were issued pursuant to an indenture on October 5, 2011. | |||||||||||||
The Second Lien Notes bear interest at a rate of either: (i) 13% per annum, payable semiannually in cash in arrears; (ii) 14% per annum, 50% of which is payable semiannually in cash in arrears and 50% is payable in kind; or (iii) 15% per annum payable in kind, payable semiannually beginning on April 15, 2012, and maturing on October 15, 2016. The Second Lien Notes were non-callable for two years from the date of their issuance, and thereafter the Second Lien Notes are callable by Horizon Lines at (i) 106% of their aggregate principal amount, plus accrued and unpaid interest thereon in the third year, (ii) 103% of their aggregate principal amount, plus accrued and unpaid interest thereon in the fourth year, and (iii) at par plus accrued and unpaid interest thereafter. | |||||||||||||
On April 15, 2012, October 15, 2012, April 15, 2013 and October 15, 2013, Horizon Lines issued an additional $7.9 million, $8.1 million, $8.7 million and $9.4 million, respectively, of Second Lien Notes to satisfy the payment-in-kind interest obligation under the Second Lien Notes. In addition, Horizon Lines elected to satisfy its interest obligation under the Second Lien Notes due April 15, 2014 by issuing $10.1 million additional Second Lien Notes. As such, as of March 23, 2014, Horizon Lines has recorded $8.8 million of accrued interest as an increase to long-term debt. | |||||||||||||
The Second Lien Notes contain affirmative and negative covenants that are typical for senior secured high-yield notes with no financial maintenance covenants. The Second Lien Notes contain other covenants, including: change of control put at 101% (subject to a permitted holder exception); limitation on asset sales; limitation on incurrence of indebtedness and preferred stock; limitation on restricted payments; limitation on restricted investments; limitation on liens; limitation on dividends; limitation on affiliate transactions; limitation on sale/leaseback transactions; limitation on guarantees by restricted subsidiaries; and limitation on mergers, consolidations and sales of all/substantially all of the assets of Horizon Lines. These covenants are subject to certain exceptions and qualifications. Horizon Lines was in compliance with all such applicable covenants as of March 23, 2014. | |||||||||||||
On October 5, 2011, the fair value of the Second Lien Notes was $96.6 million. The original issue discount of $3.4 million is being amortized through interest expense through the maturity of the Second Lien Notes. | |||||||||||||
During 2012, the Company and Horizon Lines entered into a Global Termination Agreement with Ship Finance International Limited (“SFL”) whereby Horizon Lines issued $40.0 million aggregate principal amount of its Second Lien Notes and warrants to purchase 9,250,000 shares of the Company’s common stock at a price of $0.01 per share to satisfy its obligations for certain vessel leases. The Second Lien Notes issued to SFL (the “SFL Notes”) have the same terms as the Second Lien Notes issued on October 5, 2011 (the “Initial Notes”), except that they are subordinated to the Initial Notes in the case of a bankruptcy, and holders of the SFL Notes, so long as then held by SFL, have the option to purchase the Initial Notes in the event of a bankruptcy. On April 9, 2012, the fair value of the SFL Notes outstanding on such date approximated face value. On October 15, 2012, April 15, 2013 and October 15, 2013, Horizon Lines issued an additional $3.1 million, $3.2 million and $3.5 million, respectively, of SFL Notes to satisfy the payment-in-kind interest obligation under the SFL Notes. In addition, Horizon Lines elected to satisfy its interest obligation under the SFL Notes due April 15, 2014 by issuing $3.7 million additional SFL Notes. As such, as of March 23, 2014, Horizon Lines has recorded $3.3 million of accrued interest as an increase to long-term debt. | |||||||||||||
ABL Facility | |||||||||||||
On October 5, 2011, Horizon Lines entered into a $100.0 million asset-based revolving credit facility (the “ABL Facility”) with Wells Fargo Capital Finance, LLC (“Wells Fargo”). Use of the ABL Facility is subject to compliance with a customary borrowing base limitation. The ABL Facility includes an up to $30.0 million letter of credit sub-facility and a swingline sub-facility up to $15.0 million, with Wells Fargo serving as administrative agent and collateral agent. Horizon Lines has the option to request increases in the maximum commitment under the ABL Facility by up to $25.0 million in the aggregate; however, such incremental facility increases have not been committed to in advance. The ABL Facility is available to be used by Horizon Lines for working capital and other general corporate purposes. | |||||||||||||
The ABL Facility was amended on January 31, 2013 in conjunction with the $75.0 Million Agreement and $20.0 Million Agreement. In addition to allowing for the incurrence of the additional long-term debt under those agreements, amendments to the ABL Facility included, among other changes, (i) permission to make certain investments in the Alaska SPEs, including the proceeds of the $20.0 Million Agreement and the arrangements related to the charters and the sublease of the terminal facility licenses for the Vessels (as defined below), (ii) excluding the Alaska SPEs from the guarantee and collateral requirements of the ABL Facility and from the restrictions of the negative covenants and certain other provisions, (iii) weekly borrowing base reporting in the event availability under the facility falls below a threshold of (a) $14.0 million or (b) 14.0% of the maximum commitment under the ABL Facility, (iv) the exclusion of certain historical charges and expenses relating to discontinued operations and severance from the calculation of bank-defined Adjusted EBITDA, (v) the exclusion of the historical charter hire expense deriving from the Vessels from the calculation of bank-defined Adjusted EBITDA, and (vi) the inclusion of pro forma interest expense on the $75.0 Million Agreement and the $20.0 Million Agreement in the calculation of fixed charges. | |||||||||||||
The ABL Facility matures October 5, 2016 (but 90 days earlier if the First Lien Notes and the Second Lien Notes are not repaid or refinanced as of such date). The interest rate on the ABL Facility is LIBOR or a base rate plus an applicable margin based on leverage and excess availability, as defined in the agreement, ranging from (i) 1.25% to 2.75%, in the case of base rate loans and (ii) 2.25% to 3.75%, in the case of LIBOR loans. A fee ranging from 0.375% to 0.50% per annum will accrue on unutilized commitments under the ABL Facility. As of March 23, 2014, borrowings outstanding under the ABL facility totaled $13.5 million and total borrowing availability was $47.1 million. Horizon Lines had $12.1 million of letters of credit outstanding as of March 23, 2014. | |||||||||||||
The ABL Facility requires compliance with a minimum fixed charge coverage ratio test if excess availability is less than the greater of (i) $12.5 million or (ii) 12.5% of the maximum commitment under the ABL Facility. In addition, the ABL Facility includes certain customary negative covenants that, subject to certain materiality thresholds, baskets and other agreed upon exceptions and qualifications, will limit, among other things, indebtedness, liens, asset sales and other dispositions, mergers, liquidations, dissolutions and other fundamental changes, investments and acquisitions, dividends, distributions on equity or redemptions and repurchases of capital stock, transactions with affiliates, repayments of certain debt, conduct of business and change of control. The ABL Facility also contains certain customary representations and warranties, affirmative covenants and events of default, as well as provisions requiring compliance with applicable citizenship requirements of the Jones Act. Horizon Lines was in compliance with all such applicable covenants as of March 23, 2014. | |||||||||||||
$75.0 Million Term Loan Agreement | |||||||||||||
Three of Horizon Lines’ Jones Act-qualified vessels: the Horizon Anchorage, Horizon Tacoma, and Horizon Kodiak (collectively, the “Vessels”) were previously chartered. The charter for the Vessels was due to expire in January 2015. On January 31, 2013, the Company, through its newly formed subsidiary Horizon Alaska, acquired off of charter the Vessels for a purchase price of approximately $91.8 million. | |||||||||||||
On January 31, 2013, Horizon Alaska, together with two newly formed subsidiaries of Horizon Lines, Horizon Lines Alaska Terminals, LLC (“Alaska Terminals”) and Horizon Lines Merchant Vessels, LLC (“Horizon Vessels”), entered into an approximately $75.8 million term loan agreement with certain lenders and U.S. Bank National Association (“U.S. Bank”), as the | |||||||||||||
administrative agent, collateral agent and ship mortgage trustee (the “$75.0 Million Agreement”). The obligations under the $75.0 Million Agreement are secured by a first-priority lien on substantially all of the assets of Horizon Alaska, Horizon Vessels, and Alaska Terminals (collectively, the “Alaska SPEs”), which primarily includes the Vessels. The operations of the Alaska SPEs are limited to a bareboat charter of the Vessels between Horizon Alaska and Horizon Lines and a sublease of a terminal facility in Anchorage, Alaska between Alaska Terminals and Horizon Lines of Alaska. | |||||||||||||
The loan under the $75.0 Million Agreement accrues interest at 10.25% per annum, payable quarterly commencing March 31, 2013. Amortization of loan principal is payable in equal quarterly installments, commencing on March 31, 2014, and each amortization installment will equal 2.5% of the total initial loan amount (which may increase to 3.75% upon specified events). The full remaining outstanding amount of the loan under the $75.0 Million Agreement is payable on September 30, 2016. The proceeds of the loan under the $75.0 Million Agreement were utilized by Horizon Alaska to acquire the Vessels. In connection with the borrowing under the $75.0 Million Agreement, the Alaska SPEs paid financing costs of $2.5 million during 2013, which included loan commitment fees of $1.5 million. The financing costs have been recorded as a reduction to the carrying amount of the $75.0 Million Agreement and will be amortized through non-cash interest expense through maturity of the $75.0 Million Agreement. In addition to the commitment fees of $1.5 million paid in cash at closing, the Alaska SPEs will also pay, at maturity of the $75.0 Million Agreement, an additional $0.8 million of closing fees by increasing the original $75.0 million principal amount. The Company is recording non-cash interest accretion through maturity of the $75.0 Million Agreement related to the additional closing fees. | |||||||||||||
The $75.0 Million Agreement contains certain covenants, including a minimum EBITDA threshold and limitations on the incurrence of indebtedness, liens, asset sales, investments and dividends (all as defined in the agreement). The Alaska SPEs were in compliance with all such covenants as of March 23, 2014. The agent and the lenders under the $75.0 Million Agreement do not have any recourse to the stock or assets of the Company or any of its subsidiaries (other than the Alaska SPEs or equity interests therein). Defaults under the $75.0 Million Agreement do not give rise to any remedies under the Horizon Lines Debt Agreements. | |||||||||||||
On January 31, 2013, the fair value of the $75.0 Million Agreement approximated face value and was classified within level 2 of the fair value hierarchy. In determining the estimated fair value of the $75.0 Million Agreement, the Company utilized a quantitatively derived rating estimate and creditworthiness analysis, a credit rating gap analysis, and an analysis of credit market transactions. These analyses were used to estimate a benchmark yield, which was compared to the stated interest rate in the $75.0 Million Agreement. The Company determined the estimated benchmark yield approximated the stated interest rate. | |||||||||||||
$20.0 Million Term Loan Agreement | |||||||||||||
On January 31, 2013, the Company and those of its subsidiaries that are parties (collectively, the “Loan Parties”) to the existing First Lien Notes, the Second Lien Notes, and the 6.00% Convertible Notes (collectively, the “Notes”) entered into a $20.0 million term loan agreement with certain lenders and U.S. Bank, as administrative agent, collateral agent, and ship mortgage trustee (the “$20.0 Million Agreement”). The loan under the $20.0 Million Agreement matures on September 30, 2016 and accrues interest at 8.00% per annum, payable quarterly. The $20.0 Million Agreement does not provide for any amortization of principal, and the full outstanding amount of the loan is payable on September 30, 2016. Horizon Lines is not permitted to optionally prepay the $20.0 Million Agreement except for prepayment in full (together with a prepayment premium equal to 5.0% of the principal amount prepaid) following repayment in full of the First Lien Notes and the $75.0 Million Agreement. | |||||||||||||
In connection with the issuance of the $20.0 Million Agreement, Horizon Lines paid financing costs of $0.6 million during 2013. The financing costs have been recorded as a reduction to the carrying amount of the $20.0 Million Agreement and will be amortized through non-cash interest expense through maturity of the $20.0 Million Agreement. | |||||||||||||
The covenants in the $20.0 Million Agreement are substantially similar to the negative covenants contained in the indentures governing the Notes, which indentures permit the incurrence of the term loan borrowed under the $20.0 Million Agreement and the contribution of such amounts to Horizon Alaska. The proceeds of the loan borrowed under the $20.0 Million Agreement were contributed to Horizon Alaska to enable it to acquire the Vessels. | |||||||||||||
On January 31, 2013, the fair value of the $20.0 Million Agreement approximated face value and was classified within level 2 of the fair value hierarchy. In determining the estimated fair value of the $20.0 Million Agreement, the Company utilized a quantitatively derived rating estimate and creditworthiness analysis, a credit rating gap analysis, and an analysis of credit market transactions. These analyses were used to estimate a benchmark yield, which was compared to the stated interest rate in the $20.0 Million Agreement. The Company determined the estimated benchmark yield approximated the stated interest rate. | |||||||||||||
6.00% Convertible Notes | |||||||||||||
On October 5, 2011, the Company issued $178.8 million in aggregate principal amount of new 6.00% Series A Convertible Senior Secured Notes due 2017 (the “Series A Notes”) and $99.3 million in aggregate principal amount of new 6.00% Series B Mandatorily Convertible Senior Secured Notes (the “Series B Notes” and, together with the Series A Notes, collectively the “6.00% Convertible Notes”). The 6.00% Convertible Notes were issued pursuant to an indenture, which the Company and the Loan Parties entered into with U.S. Bank , as trustee and collateral agent, on October 5, 2011 (the “6.00% Convertible Notes Indenture”). | |||||||||||||
During 2012, the Company completed various debt-to-equity conversions of the 6.00% Convertible Notes. On October 5, 2012, all outstanding Series B Notes not previously converted into shares of the Company’s common stock were mandatorily converted into Series A Notes as required by the terms of the 6.00% Convertible Notes Indenture. As of March 23, 2014, $2.0 million face value of the Series A Notes remains outstanding. The Series A Notes bear interest at a rate of 6.00% per annum, payable semiannually. The Series A Notes mature on April 15, 2017 and are convertible at the option of the holders, and at the Company’s option under certain circumstances, into shares of the Company’s common stock or warrants, as the case may be. Upon conversion, foreign holders may, under certain conditions, receive warrants in lieu of shares of common stock. | |||||||||||||
The conversion rate of the remaining Series A Notes may be increased in certain circumstances to compensate the holders thereof for the loss of the time value of the conversion right (i) if at any time the Company’s common stock or the common stock into which the new notes may be converted is greater than or equal to $11.25 per share and is not listed on the NYSE or NASDAQ markets or (ii) if a change of control occurs, unless at least 90% of the consideration received or to be received by holders of common stock, excluding cash payments for fractional shares, in connection with the transaction or transactions constituting the change of control, consists of shares of common stock, American Depositary Receipts or American Depositary Shares traded on a national securities exchange in the United States or which will be so traded or quoted when issued or exchanged in connection with such change of control. Upon a change of control, holders will have the right to require the Company to repurchase for cash the outstanding Series A Notes at 101% of the aggregate principal amount, plus accrued and unpaid interest. | |||||||||||||
The long-term debt and embedded conversion options associated with the 6.00% Convertible Notes were recorded on the Company’s balance sheet at their fair value on October 5, 2011. On October 5, 2011, the fair value of the long-term debt portion of the Series A Notes and Series B Notes was $105.6 million and $58.6 million, respectively. The original issue discounts associated with the 6.00% Convertible Notes still outstanding are being amortized through interest expense through the maturity of the Series A Notes. | |||||||||||||
Warrants | |||||||||||||
Certain warrants, not including the warrants issued to SFL, were issued pursuant to a warrant agreement, which the Company entered into with The Bank of New York Mellon Trust Company, N.A, as warrant agent, on October 5, 2011, as amended by Amendment No. 1, dated December 7, 2011 (the “Warrant Agreement”). Pursuant to the Warrant Agreement, each warrant entitles the holder to purchase common stock at a price of $0.01 per share, subject to adjustment in certain circumstances. In connection with a reverse stock split in December 2011, warrant holders will receive 1/25th of a share of the Company’s common stock upon conversion. As of March 23, 2014 there were 1.1 billion warrants outstanding for the purchase of up to 52.9 million shares of the Company’s common stock. Upon issuance, in lieu of payment of the exercise price, a warrant holder will have the right (but not the obligation) to require the Company to convert its warrants, in whole or in part, into shares of its common stock without any required payment or request that the Company withhold, from the shares of common stock that would otherwise be delivered to such warrant holder, shares issuable upon exercise of the Warrants equal in value to the aggregate exercise price. | |||||||||||||
Warrant holders will not be permitted to exercise or convert their warrants if and to the extent the shares of common stock issuable upon exercise or conversion would constitute “excess shares” (as defined in the Company’s certificate of incorporation) if they were issued in order to abide by the foreign ownership limitations imposed by the Company’s certificate of incorporation. In addition, a warrant holder who cannot establish to the Company’s reasonable satisfaction that it (or, if not the holder, the person that the holder has designated to receive the common stock upon exercise or conversion) is a United States citizen will not be permitted to exercise or convert its warrants to the extent the receipt of the common stock upon exercise or conversion would cause such person or any person whose ownership position would be aggregated with that of such person to exceed 4.9% of the Company’s outstanding common stock. | |||||||||||||
The warrants contain no provisions allowing the Company to force redemption, and there is no conditional obligation of the Company to redeem or convert the warrants. Each warrant is convertible into shares of the Company’s common stock at an exercise price of $0.01 per share, which the Company has the option to waive. In addition, the Company has sufficient authorized and unissued shares available to settle the warrants during the maximum period the warrants could remain outstanding. As a result, the warrants do not meet the definition of an asset or liability and were classified as equity on the date of issuance, on December 22, 2013, and on March 23, 2014. The warrants will be evaluated on a continuous basis to determine if equity classification continues to be appropriate. | |||||||||||||
Fair Value of Financial Instruments | |||||||||||||
The estimated fair value of the Company’s debt as of March 23, 2014 and December 22, 2013 totaled $501.2 million and $488.9 million, respectively. The fair value of the First Lien Notes and the Second Lien Notes is based upon quoted market prices. The fair value of the other long-term debt approximates carrying value. |
Income_Taxes
Income Taxes | 3 Months Ended |
Mar. 23, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
4. Income Taxes | |
The Company continues to believe it will not generate sufficient taxable income to realize its deferred tax assets. Accordingly, the Company maintains a valuation allowance against its deferred tax assets. The valuation allowance is reviewed quarterly and will be maintained until sufficient positive evidence exists to support the reversal of the valuation allowance. In addition, until such time the Company determines it is more likely than not that it will generate sufficient taxable income to realize its deferred tax assets, income tax enefits associated with future-period losses will be fully reserved, except for intraperiod allocations of income tax expense. | |
As a result of the loss from continuing operations and income from discontinued operations and other comprehensive income during 2014, the Company is required to record a tax benefit from continuing operations with an offsetting tax expense from discontinued operations and other comprehensive income. For the quarter ended March 23, 2014 the Company has recorded a tax benefit in continuing operations due to intraperiod allocations of income tax expense, resulting in lower net tax expense in continuing operations. As such, the Company’s tax benefit recorded in continuing operations will approximate the income from discontinued operations and other comprehensive income multiplied by the statutory tax rate during 2014. |
StockBased_Compensation
Stock-Based Compensation | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 23, 2014 | |||||||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||||||
Stock-Based Compensation | ' | ||||||||||||||||||||||||||||
5. Stock-Based Compensation | |||||||||||||||||||||||||||||
Stock-based compensation costs are measured at the grant date, based on the estimated fair value of the award, and are recognized as an expense in the income statement over the requisite service period. Compensation costs related to stock options, restricted shares and restricted stock units (“RSUs”) granted under the Amended and Restated Equity Incentive Plan (the “Plan”), the 2009 Incentive Compensation Plan (the “2009 Plan”), and the 2012 Incentive Compensation Plan (“the 2012 Plan”) are recognized using the straight-line method, net of estimated forfeitures. Stock options and restricted shares granted to employees under the Plan and the 2009 Plan typically cliff vest and become fully exercisable on the third anniversary of the grant date, provided the employee who was granted such options/restricted shares is continuously employed by the Company or its subsidiaries through such date, and provided any performance based criteria, if any, are met. RSUs granted under the 2012 Plan typically contain a graded vesting schedule with a portion vesting each year over a three-year period. | |||||||||||||||||||||||||||||
The following compensation costs are included within selling, general, and administrative expenses on the condensed consolidated statements of operations (in thousands): | |||||||||||||||||||||||||||||
Quarters Ended | |||||||||||||||||||||||||||||
March 23, | March 24, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Restricted stock units | $ | 711 | $ | 1,540 | |||||||||||||||||||||||||
Restricted stock | 22 | 61 | |||||||||||||||||||||||||||
Total | $ | 733 | $ | 1,601 | |||||||||||||||||||||||||
Restricted Stock Units | |||||||||||||||||||||||||||||
The following table details grants of RSUs during 2012 and 2013: | |||||||||||||||||||||||||||||
RSUs Vested | |||||||||||||||||||||||||||||
Total | as of | Potential Future Vesting Dates | |||||||||||||||||||||||||||
Grant Date | Recipient | RSUs | Vesting | March 23, | March 31, | December 31, | March 31, | June 30, | |||||||||||||||||||||
Outstanding | Criteria | 2014 | 2014 | 2014 | 2015 | 2015 | |||||||||||||||||||||||
July 5, 2012 | CEO | 1,500,000 | Time-Based | 750,000 | — | 500,000 | — | 250,000 | |||||||||||||||||||||
July 5, 2012 | CEO | 1,500,000 | Performance-Based | — | — | 1,500,000 | — | — | |||||||||||||||||||||
July 25, 2012 | Board of Directors | 900,000 | Time-Based | 180,000 | 360,000 | — | 360,000 | — | |||||||||||||||||||||
July 25, 2012 | Management | 1,109,584 | Time-Based | 221,917 | 443,833 | — | 443,834 | — | |||||||||||||||||||||
July 25, 2012 | Management | 1,109,583 | Performance-Based | — | — | — | 1,109,583 | — | |||||||||||||||||||||
December 26, 2012 | Management | 120,834 | Time-Based | — | 72,500 | — | 48,334 | — | |||||||||||||||||||||
December 26, 2012 | Management | 120,833 | Performance-Based | — | — | — | 120,833 | — | |||||||||||||||||||||
June 1, 2013 | Management | 87,500 | Time-Based | — | 52,500 | — | 35,000 | — | |||||||||||||||||||||
June 1, 2013 | Management | 87,500 | Performance-Based | — | — | — | 87,500 | — | |||||||||||||||||||||
1,151,917 | 928,833 | 2,000,000 | 2,205,084 | 250,000 | |||||||||||||||||||||||||
The grant date fair value of the RSUs granted during 2012 and 2013 was determined using the closing price of the Company’s common stock on the grant date. The time-based RSUs will vest solely if the employee remains in continuous employment with the Company. A portion of the performance-based RSUs would have vested on March 31, 2013 and March 31, 2014, however, the Company did not meet the performance goals established for 2012 or 2013. Accordingly, the Company did not record any expense during 2012 or 2013 related to these performance-based RSUs. Per the terms of the agreement, if any of the performance-based RSUs do not vest on their assigned performance date solely because the performance goals are not met, then such RSUs shall remain outstanding and shall be eligible to vest on subsequent performance dates to the extent performance goals are established and met for such subsequent year. The performance-based RSUs will vest on December 31, 2014 and March 31, 2015 if certain performance goals for 2014 are met and the employee remains in continuous employment with the Company. | |||||||||||||||||||||||||||||
Each vested RSU shall be settled within 30 days following termination of the employment with the Company or termination of the director’s service as a member of the Board of Directors. All of the vested RSUs granted to the Company’s Chief Executive Officer and members of its Board of Directors shall be settled in shares of the Company’s common stock. Fifty percent of the vested RSUs granted to members of the Company’s management shall be settled in shares of the Company’s common stock and the remaining 50% of such vested RSUs shall be settled, in the discretion of the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”), either in shares of the Company’s common stock, cash or any combination thereof. The amount of any cash is to be determined based on the value of a share of the Company’s common stock on the settlement date. | |||||||||||||||||||||||||||||
A summary of the status of the Company’s RSU awards as of March 23, 2014 is presented below: | |||||||||||||||||||||||||||||
Restricted Stock Units | Number of | Weighted- | |||||||||||||||||||||||||||
Shares | Average | ||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||
at Grant | |||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||
Nonvested at December 22, 2013 | 5,883,917 | $ | 1.85 | ||||||||||||||||||||||||||
Granted | — | ||||||||||||||||||||||||||||
Vested | (500,000 | ) | 1.95 | ||||||||||||||||||||||||||
Forfeited | — | ||||||||||||||||||||||||||||
Nonvested at March 23, 2014 | 5,383,917 | $ | 1.84 | ||||||||||||||||||||||||||
As of March 23, 2014, there was $6.2 million of unrecognized compensation expense related to the RSUs. A total of $3.3 million is expected to be recognized over a weighted-average period of one year. The remaining $2.9 million is not expected to be recognized since the Company does not expect to meet the performance criteria established for 2014. | |||||||||||||||||||||||||||||
Restricted Stock | |||||||||||||||||||||||||||||
A summary of the status of the Company’s restricted stock awards as of March 23, 2014 is presented below: | |||||||||||||||||||||||||||||
Restricted Shares | Number of | Weighted- | |||||||||||||||||||||||||||
Shares | Average | ||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||
at Grant | |||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||
Nonvested at December 22, 2013 | 3,343 | $ | 89.75 | ||||||||||||||||||||||||||
Granted | — | ||||||||||||||||||||||||||||
Vested | (3,343 | ) | $ | 89.75 | |||||||||||||||||||||||||
Forfeited | — | ||||||||||||||||||||||||||||
Nonvested at March 23, 2014 | — | ||||||||||||||||||||||||||||
As of March 23, 2014, there was no unrecognized compensation costs related to all restricted stock awards. | |||||||||||||||||||||||||||||
Stock Options | |||||||||||||||||||||||||||||
The Company’s stock option plan provides for grants of stock options to key employees at prices not less than the fair market value of the Company’s common stock on the grant date. The Company has not granted any stock options since 2008. As of both March 23, 2014 and December 22, 2013, there were outstanding and exercisable options to purchase 26,829 shares of the Company’s common stock at a weighted average exercise price of $402.25 per share. The weighted average remaining contractual term of the outstanding and exercisable options is 2.3 years. As of March 23, 2014, there was no unrecognized compensation costs related to stock options. |
Net_Loss_per_Common_Share
Net Loss per Common Share | 3 Months Ended | ||||||||
Mar. 23, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Net Loss per Common Share | ' | ||||||||
6. Net Loss per Common Share | |||||||||
Basic net loss per share is computed by dividing net loss by the weighted daily average number of shares of common stock outstanding during the period. Diluted net loss per share is based upon the weighted daily average number of shares of common stock outstanding for the period plus dilutive potential shares of common stock, including stock options and warrants to purchase common stock, using the treasury-stock method. | |||||||||
Net loss per share is as follows (in thousands, except per share amounts): | |||||||||
Quarters Ended | |||||||||
March 23, | March 24, | ||||||||
2014 | 2013 | ||||||||
Numerator: | |||||||||
Net loss from continuing operations | $ | (26,275 | ) | $ | (20,073 | ) | |||
Net income (loss) from discontinued operations | 37 | (278 | ) | ||||||
Net loss | $ | (26,238 | ) | $ | (20,351 | ) | |||
Denominator: | |||||||||
Denominator for basic net loss per common share: | |||||||||
Weighted average shares outstanding | 39,917 | 34,746 | |||||||
Effect of dilutive securities: | |||||||||
Stock-based compensation | — | — | |||||||
Warrants to purchase common stock | — | — | |||||||
Denominator for diluted net loss per common share | 39,917 | 34,746 | |||||||
Basic and diluted net loss per common share: | |||||||||
From continuing operations | $ | (0.66 | ) | $ | (0.58 | ) | |||
From discontinued operations | — | (0.01 | ) | ||||||
Basic and diluted net loss per common share | $ | (0.66 | ) | $ | (0.59 | ) | |||
Warrants outstanding to purchase 52.3 million and 56.4 million common shares have been excluded from the denominator for calculating diluted net loss per share during the quarters ended March 23, 2014 and March 24, 2013, respectively, as the impact would be anti-dilutive. | |||||||||
On August 27, 2012, the Company adopted a rights plan (the “Rights Plan”) intended to avoid an “ownership change” within the meaning of Section 382 of the Internal Revenue Code of 1986, as amended, and thereby preserve the current ability of the Company to utilize certain net operating loss carryovers and other tax benefits of the Company. As part of the Rights Agreement, the Company authorized and declared a dividend distribution of one right (a “Right”) for each outstanding share of Common Stock to stockholders of record at the close of business on September 7, 2012. Each Right entitles the holder to purchase from the Company a unit consisting of one ten-thousandth of a share (a “Unit”) of Series A Participating Preferred Stock, par value $0.01 per share, of the Company (the “Preferred Stock”) at a purchase price of $8.00 per Unit, subject to adjustment (the “Purchase Price”). Until a Right is exercised, the holder thereof, as such, will have no separate rights as a stockholder of the Company, including the right to vote or to receive dividends in respect of Rights. The issuance of the Rights alone does not cause any change in the number of shares deliverable upon the exercise of the Company’s outstanding warrants or convertible notes, or the exercise price or conversion price (as applicable) thereof. In its 2014 proxy statement for the Annual Meeting of Stockholders to be held June 5, 2014, the Company included a proposal soliciting stockholder approval of the Rights Plan. If the Company does not receive the affirmative vote of the majority of shares present in person or represented by proxy at the June 5, 2014 Annual Meeting of Stockholders, then the Company intends to take action to repeal the Rights Plan. |
Property_and_Equipment
Property and Equipment | 3 Months Ended | ||||||||||||||||
Mar. 23, 2014 | |||||||||||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||||||||||
Property and Equipment | ' | ||||||||||||||||
7. Property and Equipment | |||||||||||||||||
Property and equipment consists of the following (in thousands): | |||||||||||||||||
March 23, 2014 | December 22, 2013 | ||||||||||||||||
Historical | Net Book | Historical | Net Book | ||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||
Vessels and vessel improvements | $ | 228,377 | $ | 126,634 | $ | 227,705 | $ | 129,384 | |||||||||
Containers | 39,652 | 24,218 | 39,894 | 24,710 | |||||||||||||
Chassis | 21,289 | 12,520 | 20,435 | 11,847 | |||||||||||||
Cranes | 27,829 | 12,140 | 27,409 | 12,088 | |||||||||||||
Machinery and equipment | 35,008 | 12,497 | 34,367 | 11,784 | |||||||||||||
Facilities and land improvements | 30,765 | 21,483 | 30,065 | 21,171 | |||||||||||||
Software | 24,448 | 1,135 | 24,177 | 1,041 | |||||||||||||
Construction in progress | 12,763 | 12,763 | 14,813 | 14,813 | |||||||||||||
Total | $ | 420,131 | $ | 223,390 | $ | 418,865 | $ | 226,838 | |||||||||
Intangible_Assets
Intangible Assets | 3 Months Ended | ||||||||
Mar. 23, 2014 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Intangible Assets | ' | ||||||||
8. Intangible Assets | |||||||||
Intangible assets consist of the following (in thousands): | |||||||||
March 23, | December 22, | ||||||||
2014 | 2013 | ||||||||
Customer contracts/relationships | $ | 141,430 | $ | 141,430 | |||||
Trademarks | 63,800 | 63,800 | |||||||
Deferred financing costs | 15,691 | 15,691 | |||||||
Total intangibles with definite lives | 220,921 | 220,921 | |||||||
Accumulated amortization | (188,789 | ) | (185,767 | ) | |||||
Net intangibles with definite lives | 32,132 | 35,154 | |||||||
Goodwill | 198,793 | 198,793 | |||||||
Intangible assets, net | $ | 230,925 | $ | 233,947 | |||||
Accrued_Liabilities
Accrued Liabilities | 3 Months Ended | ||||||||
Mar. 23, 2014 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Accrued Liabilities | ' | ||||||||
9. Accrued Liabilities | |||||||||
Other current accrued liabilities consist of the following (in thousands): | |||||||||
March 23, | December 22, | ||||||||
2014 | 2013 | ||||||||
Vessel operations | $ | 17,237 | $ | 12,286 | |||||
Payroll and employee benefits | 16,704 | 16,101 | |||||||
Marine operations | 8,918 | 5,382 | |||||||
Terminal operations | 9,535 | 8,477 | |||||||
Fuel | 8,889 | 5,193 | |||||||
Interest | 12,922 | 6,817 | |||||||
Legal settlements | 3,758 | 4,382 | |||||||
Restructuring | 476 | 587 | |||||||
Other liabilities | 15,247 | 18,181 | |||||||
Total other current accrued liabilities | $ | 93,686 | $ | 77,406 | |||||
The Company has recorded certain of its legal settlements at their net present value and is recording accretion of the liability balance through interest expense. In addition to the current accrued liabilities related to legal settlements, the Company also has commitments to make payments after March 23, 2015. The Company is required to make payments related to the plea agreement with the Antitrust Division of the Department of Justice of $4.0 million on or before March 24, 2015 and $4.0 million on or before March 21, 2016, both of which are included in other long-term liabilities. |
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 23, 2014 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
10. Commitments and Contingencies | |
Legal Proceedings | |
In May 2013, the U.S. Department of Justice declined to intervene in a qui tam complaint filed in the U.S. District Court for the Central District of California by Mario Rizzo under the Federal False Claims Act. The case was unsealed in May 2013, and the Company was served with a complaint in June 2013. The case is entitled United States of America, ex rel. Mario Rizzo v. Horizon Lines, LLC et al. The qui tam complaint alleges, among other things, that the Company and another defendant submitted false claims by claiming fuel surcharges in excess of what was permitted by the Department of Defense. The complaint seeks significant damages, penalties and other relief. The Company has filed responsive pleadings and intends to vigorously defend against the allegations set forth in the complaint. | |
On March 5, 2014, the Company entered into a settlement agreement that resolved pending inquiries of the United States Department of Justice on behalf of the United States Postal Service, the United States Department of Agriculture and the United States Department of Defense (collectively, the “United States”). The settlement agreement relates to a federal qui tam complaint filed by the relator, William B. Stallings, in the United States District Court for the Middle District of Florida, entitled United States of America, ex rel. Stallings v. Sea Star Line, LLC et al., pursuant to the qui tam provisions of the False Claims Act. The claims underlying the qui tam civil complaint were the alleged price fixing of certain ocean transportation contracts between the continental United States and Puerto Rico during the period from April 2002 through April 2008 that involved the United States as a customer. This qui tam action was unsealed on March 6, 2014. The settlement agreement provides that the Company will pay to the United States the total sum of $1.5 million in six different installment payments through April 2015. During the fourth quarter of 2013, the Company recorded a charge of $1.4 million related to this legal settlement, which represents the present value of the expected future payments. | |
In the ordinary course of business, from time to time, the Company becomes involved in various legal proceedings. These relate primarily to claims for loss or damage to cargo, employees’ personal injury claims, and claims for loss or damage to the person or property of third parties. The Company generally maintains insurance, subject to customary deductibles or self-retention amounts, and/or reserves to cover these types of claims. The Company also, from time to time, becomes involved in routine employment-related disputes and disputes with parties with which it has contractual relations. The Company’s policy is to disclose contingent liabilities associated with both asserted and unasserted claims after all available facts and circumstances have been reviewed and the Company determines that a loss is reasonably possible. The Company’s policy is to record contingent liabilities associated with both asserted and unasserted claims when it is probable that the liability has been incurred and the amount of the loss is reasonably estimable. | |
Standby Letters of Credit | |
The Company has standby letters of credit, primarily related to its property and casualty insurance programs, as well as customs bonds. On March 23, 2014 and December 22, 2013, these letters of credit totaled $12.1 million and $12.9 million, respectively. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 23, 2014 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Recent Accounting Pronouncements | ' |
11. Recent Accounting Pronouncements | |
Accounting pronouncements effective after March 23, 2014 are not expected to have a material effect on the Company’s consolidated financial position or results of operations. |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 3 Months Ended |
Mar. 23, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X, and accordingly, certain financial information has been condensed and certain footnote disclosures have been omitted. Such information and disclosures are normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). These financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 22, 2013. The Company uses a 52 or 53 week (every sixth or seventh year) fiscal year that ends on the Sunday before the last Friday in December. |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 3 Months Ended | ||||||||||||
Mar. 23, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Components of Long-Term Debt | ' | ||||||||||||
As of the dates below, long-term debt consisted of the following (in thousands): | |||||||||||||
March 23, | December 22, | ||||||||||||
2014 | 2013 | ||||||||||||
First lien notes | $ | 222,213 | $ | 222,381 | |||||||||
Second lien notes | 194,269 | 187,129 | |||||||||||
$75.0 million term loan agreement | 73,504 | 73,282 | |||||||||||
$20.0 million term loan agreement | 19,598 | 19,572 | |||||||||||
ABL facility | 13,500 | — | |||||||||||
Capital lease obligations | 13,040 | 12,415 | |||||||||||
6.0% convertible notes | 1,500 | 1,539 | |||||||||||
Total long-term debt | 537,624 | 516,318 | |||||||||||
Less current portion | (13,753 | ) | (11,473 | ) | |||||||||
Long-term debt, net of current portion | $ | 523,871 | $ | 504,845 | |||||||||
Summary of Information Related to Guarantors and Non-Guarantors of Each of the Debt Agreements | ' | ||||||||||||
The following table summarizes the guarantors and non-guarantors of each of the Horizon Lines Debt Agreements: | |||||||||||||
ABL Facility | $20 Million | First Lien Notes | Second Lien | 6% Convertible | $75 Million | ||||||||
Agreement | Notes | Notes | Agreement | ||||||||||
Horizon Lines, Inc. | Guarantor | Guarantor | Guarantor | Guarantor | Issuer | Non-Guarantor | |||||||
Horizon Lines, LLC | Issuer | Issuer | Issuer | Issuer | Guarantor | Non-Guarantor | |||||||
Horizon Alaska | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Issuer | |||||||
Horizon Vessels | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Guarantor | |||||||
Alaska Terminals | Non-Guarantor | Unrestricted | Unrestricted | Unrestricted | Unrestricted | Guarantor | |||||||
Road Raiders Inland, Inc. and subsidiaries | Guarantor | Guarantor | Guarantor | Guarantor | Guarantor | Non-Guarantor | |||||||
Other subsidiaries of the Company not specifically listed above | Guarantor | Guarantor | Guarantor | Guarantor | Guarantor | Non-Guarantor | |||||||
Order of Lien Priority on Debt Agreements for Priority Collateral | ' | ||||||||||||
The following table lists the order of lien priority for each of the Horizon Lines Debt Agreements on the Secured Notes Priority Collateral and the ABL Priority Collateral, as applicable: | |||||||||||||
Secured | ABL Priority | ||||||||||||
Notes | Collateral | ||||||||||||
Priority | |||||||||||||
Collateral | |||||||||||||
$20 Million Agreement | First | Second | |||||||||||
First Lien Notes | Second | Third | |||||||||||
Second Lien Notes | Third | Fourth | |||||||||||
6.0% Convertible Notes | Fourth | Fifth | |||||||||||
ABL Facility | Fifth | First |
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 23, 2014 | |||||||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||||||
Compensation Cost Included in Selling, General, and Administration Expenses | ' | ||||||||||||||||||||||||||||
The following compensation costs are included within selling, general, and administrative expenses on the condensed consolidated statements of operations (in thousands): | |||||||||||||||||||||||||||||
Quarters Ended | |||||||||||||||||||||||||||||
March 23, | March 24, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Restricted stock units | $ | 711 | $ | 1,540 | |||||||||||||||||||||||||
Restricted stock | 22 | 61 | |||||||||||||||||||||||||||
Total | $ | 733 | $ | 1,601 | |||||||||||||||||||||||||
Summary of Grants Related to Restricted Stock Units | ' | ||||||||||||||||||||||||||||
The following table details grants of RSUs during 2012 and 2013: | |||||||||||||||||||||||||||||
RSUs Vested | |||||||||||||||||||||||||||||
Total | as of | Potential Future Vesting Dates | |||||||||||||||||||||||||||
Grant Date | Recipient | RSUs | Vesting | March 23, | March 31, | December 31, | March 31, | June 30, | |||||||||||||||||||||
Outstanding | Criteria | 2014 | 2014 | 2014 | 2015 | 2015 | |||||||||||||||||||||||
July 5, 2012 | CEO | 1,500,000 | Time-Based | 750,000 | — | 500,000 | — | 250,000 | |||||||||||||||||||||
July 5, 2012 | CEO | 1,500,000 | Performance-Based | — | — | 1,500,000 | — | — | |||||||||||||||||||||
July 25, 2012 | Board of Directors | 900,000 | Time-Based | 180,000 | 360,000 | — | 360,000 | — | |||||||||||||||||||||
July 25, 2012 | Management | 1,109,584 | Time-Based | 221,917 | 443,833 | — | 443,834 | — | |||||||||||||||||||||
July 25, 2012 | Management | 1,109,583 | Performance-Based | — | — | — | 1,109,583 | — | |||||||||||||||||||||
December 26, 2012 | Management | 120,834 | Time-Based | — | 72,500 | — | 48,334 | — | |||||||||||||||||||||
December 26, 2012 | Management | 120,833 | Performance-Based | — | — | — | 120,833 | — | |||||||||||||||||||||
June 1, 2013 | Management | 87,500 | Time-Based | — | 52,500 | — | 35,000 | — | |||||||||||||||||||||
June 1, 2013 | Management | 87,500 | Performance-Based | — | — | — | 87,500 | — | |||||||||||||||||||||
1,151,917 | 928,833 | 2,000,000 | 2,205,084 | 250,000 | |||||||||||||||||||||||||
Summary of Restricted Stock Units | ' | ||||||||||||||||||||||||||||
A summary of the status of the Company’s RSU awards as of March 23, 2014 is presented below: | |||||||||||||||||||||||||||||
Restricted Stock Units | Number of | Weighted- | |||||||||||||||||||||||||||
Shares | Average | ||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||
at Grant | |||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||
Nonvested at December 22, 2013 | 5,883,917 | $ | 1.85 | ||||||||||||||||||||||||||
Granted | — | ||||||||||||||||||||||||||||
Vested | (500,000 | ) | 1.95 | ||||||||||||||||||||||||||
Forfeited | — | ||||||||||||||||||||||||||||
Nonvested at March 23, 2014 | 5,383,917 | $ | 1.84 | ||||||||||||||||||||||||||
Summary of Restricted Stock Awards | ' | ||||||||||||||||||||||||||||
A summary of the status of the Company’s restricted stock awards as of March 23, 2014 is presented below: | |||||||||||||||||||||||||||||
Restricted Shares | Number of | Weighted- | |||||||||||||||||||||||||||
Shares | Average | ||||||||||||||||||||||||||||
Fair Value | |||||||||||||||||||||||||||||
at Grant | |||||||||||||||||||||||||||||
Date | |||||||||||||||||||||||||||||
Nonvested at December 22, 2013 | 3,343 | $ | 89.75 | ||||||||||||||||||||||||||
Granted | — | ||||||||||||||||||||||||||||
Vested | (3,343 | ) | $ | 89.75 | |||||||||||||||||||||||||
Forfeited | — | ||||||||||||||||||||||||||||
Nonvested at March 23, 2014 | — | ||||||||||||||||||||||||||||
Net_Loss_per_Common_Share_Tabl
Net Loss per Common Share (Tables) | 3 Months Ended | ||||||||
Mar. 23, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Net Loss per Common Share | ' | ||||||||
Net loss per share is as follows (in thousands, except per share amounts): | |||||||||
Quarters Ended | |||||||||
March 23, | March 24, | ||||||||
2014 | 2013 | ||||||||
Numerator: | |||||||||
Net loss from continuing operations | $ | (26,275 | ) | $ | (20,073 | ) | |||
Net income (loss) from discontinued operations | 37 | (278 | ) | ||||||
Net loss | $ | (26,238 | ) | $ | (20,351 | ) | |||
Denominator: | |||||||||
Denominator for basic net loss per common share: | |||||||||
Weighted average shares outstanding | 39,917 | 34,746 | |||||||
Effect of dilutive securities: | |||||||||
Stock-based compensation | — | — | |||||||
Warrants to purchase common stock | — | — | |||||||
Denominator for diluted net loss per common share | 39,917 | 34,746 | |||||||
Basic and diluted net loss per common share: | |||||||||
From continuing operations | $ | (0.66 | ) | $ | (0.58 | ) | |||
From discontinued operations | — | (0.01 | ) | ||||||
Basic and diluted net loss per common share | $ | (0.66 | ) | $ | (0.59 | ) | |||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 23, 2014 | |||||||||||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||||||||||
Property and Equipment | ' | ||||||||||||||||
Property and equipment consists of the following (in thousands): | |||||||||||||||||
March 23, 2014 | December 22, 2013 | ||||||||||||||||
Historical | Net Book | Historical | Net Book | ||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||
Vessels and vessel improvements | $ | 228,377 | $ | 126,634 | $ | 227,705 | $ | 129,384 | |||||||||
Containers | 39,652 | 24,218 | 39,894 | 24,710 | |||||||||||||
Chassis | 21,289 | 12,520 | 20,435 | 11,847 | |||||||||||||
Cranes | 27,829 | 12,140 | 27,409 | 12,088 | |||||||||||||
Machinery and equipment | 35,008 | 12,497 | 34,367 | 11,784 | |||||||||||||
Facilities and land improvements | 30,765 | 21,483 | 30,065 | 21,171 | |||||||||||||
Software | 24,448 | 1,135 | 24,177 | 1,041 | |||||||||||||
Construction in progress | 12,763 | 12,763 | 14,813 | 14,813 | |||||||||||||
Total | $ | 420,131 | $ | 223,390 | $ | 418,865 | $ | 226,838 | |||||||||
Intangible_Assets_Tables
Intangible Assets (Tables) | 3 Months Ended | ||||||||
Mar. 23, 2014 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Schedule of Intangible Assets | ' | ||||||||
Intangible assets consist of the following (in thousands): | |||||||||
March 23, | December 22, | ||||||||
2014 | 2013 | ||||||||
Customer contracts/relationships | $ | 141,430 | $ | 141,430 | |||||
Trademarks | 63,800 | 63,800 | |||||||
Deferred financing costs | 15,691 | 15,691 | |||||||
Total intangibles with definite lives | 220,921 | 220,921 | |||||||
Accumulated amortization | (188,789 | ) | (185,767 | ) | |||||
Net intangibles with definite lives | 32,132 | 35,154 | |||||||
Goodwill | 198,793 | 198,793 | |||||||
Intangible assets, net | $ | 230,925 | $ | 233,947 | |||||
Accrued_Liabilities_Tables
Accrued Liabilities (Tables) | 3 Months Ended | ||||||||
Mar. 23, 2014 | |||||||||
Payables And Accruals [Abstract] | ' | ||||||||
Other Current Accrued Liabilities | ' | ||||||||
Other current accrued liabilities consist of the following (in thousands): | |||||||||
March 23, | December 22, | ||||||||
2014 | 2013 | ||||||||
Vessel operations | $ | 17,237 | $ | 12,286 | |||||
Payroll and employee benefits | 16,704 | 16,101 | |||||||
Marine operations | 8,918 | 5,382 | |||||||
Terminal operations | 9,535 | 8,477 | |||||||
Fuel | 8,889 | 5,193 | |||||||
Interest | 12,922 | 6,817 | |||||||
Legal settlements | 3,758 | 4,382 | |||||||
Restructuring | 476 | 587 | |||||||
Other liabilities | 15,247 | 18,181 | |||||||
Total other current accrued liabilities | $ | 93,686 | $ | 77,406 | |||||
Organization_Additional_Inform
Organization - Additional Information (Detail) | 3 Months Ended |
Mar. 23, 2014 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' |
Minimum percentage of ownership by domestic citizens subsidiary in shipping business | 75.00% |
Basis_of_Presentation_Addition
Basis of Presentation - Additional Information (Detail) | 3 Months Ended |
Mar. 23, 2014 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' |
Number of week used for fiscal year every sixth year by entity | '364 days |
Number of week used for fiscal year every seventh year by entity | '371 days |
LongTerm_Debt_Components_of_Lo
Long-Term Debt - Components of Long-Term Debt (Detail) (USD $) | Mar. 23, 2014 | Dec. 22, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | $537,624 | $516,318 |
Less current portion | -13,753 | -11,473 |
Long-term debt, net of current portion | 523,871 | 504,845 |
First Lien Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 222,213 | 222,381 |
Second Lien Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 194,269 | 187,129 |
$75.0 Million Term Loan Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 73,504 | 73,282 |
$20.0 Million Term Loan Agreement [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 19,598 | 19,572 |
Capital Lease Obligations [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 13,040 | 12,415 |
6.0% Convertible Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | 1,500 | 1,539 |
Asset Based Revolving Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | $13,500 | ' |
LongTerm_Debt_Components_of_Lo1
Long-Term Debt - Components of Long-Term Debt (Parenthetical) (Detail) (USD $) | Mar. 31, 2014 | Mar. 23, 2014 | Dec. 22, 2013 | Jan. 31, 2013 |
In Millions, unless otherwise specified | ||||
$75.0 Million Term Loan Agreement [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Debt instrument principal amount | ' | 75 | 75 | 75 |
Senior notes stated percentage | ' | ' | ' | 10.25% |
$20.0 Million Term Loan Agreement [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Debt instrument principal amount | ' | 20 | 20 | 20 |
Senior notes stated percentage | ' | ' | ' | 8.00% |
6.0% Convertible Notes [Member] | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Senior notes stated percentage | 6.00% | 6.00% | 6.00% | 6.00% |
LongTerm_Debt_Summary_of_Infor
Long-Term Debt - Summary of Information Related to Guarantors and Non-Guarantors of Each of the Debt Agreements (Detail) | 3 Months Ended |
Mar. 23, 2014 | |
Horizon Lines, Inc. [Member] | Asset Based Revolving Credit Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
Horizon Lines, LLC [Member] | Asset Based Revolving Credit Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
Horizon Alaska [Member] | Asset Based Revolving Credit Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
Horizon Vessels [Member] | Asset Based Revolving Credit Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
Alaska Terminals [Member] | Asset Based Revolving Credit Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
Road Raiders Inland, Inc. and Subsidiaries [Member] | Asset Based Revolving Credit Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
Other Subsidiaries of the Company [Member] | Asset Based Revolving Credit Facility [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$20.0 Million Term Loan Agreement [Member] | Horizon Lines, Inc. [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$20.0 Million Term Loan Agreement [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
$20.0 Million Term Loan Agreement [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
$20.0 Million Term Loan Agreement [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
$20.0 Million Term Loan Agreement [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
$20.0 Million Term Loan Agreement [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$20.0 Million Term Loan Agreement [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
First Lien Notes [Member] | Horizon Lines, Inc. [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
First Lien Notes [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
First Lien Notes [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
First Lien Notes [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
First Lien Notes [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
First Lien Notes [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
First Lien Notes [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
Second Lien Notes [Member] | Horizon Lines, Inc. [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
Second Lien Notes [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
Second Lien Notes [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
Second Lien Notes [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
Second Lien Notes [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
Second Lien Notes [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
Second Lien Notes [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
6.0% Convertible Notes [Member] | Horizon Lines, Inc. [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
6.0% Convertible Notes [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
6.0% Convertible Notes [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
6.0% Convertible Notes [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
6.0% Convertible Notes [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Unrestricted |
6.0% Convertible Notes [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
6.0% Convertible Notes [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$75.0 Million Term Loan Agreement [Member] | Horizon Lines, Inc. [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
$75.0 Million Term Loan Agreement [Member] | Horizon Lines, LLC [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
$75.0 Million Term Loan Agreement [Member] | Horizon Alaska [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Issuer |
$75.0 Million Term Loan Agreement [Member] | Horizon Vessels [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$75.0 Million Term Loan Agreement [Member] | Alaska Terminals [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Guarantor |
$75.0 Million Term Loan Agreement [Member] | Road Raiders Inland, Inc. and Subsidiaries [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
$75.0 Million Term Loan Agreement [Member] | Other Subsidiaries of the Company [Member] | ' |
Debt Instrument [Line Items] | ' |
Description of guarantors and non-guarantors relationship for debt agreements | 'Non-Guarantor |
LongTerm_Debt_Order_of_Lien_Pr
Long-Term Debt - Order of Lien Priority on Debt Agreements for Priority Collateral (Detail) (USD $) | 3 Months Ended | 3 Months Ended | 3 Months Ended | ||||||||
In Millions, unless otherwise specified | Mar. 23, 2014 | Mar. 23, 2014 | Dec. 22, 2013 | Jan. 31, 2013 | Mar. 23, 2014 | Oct. 05, 2011 | Mar. 23, 2014 | Mar. 23, 2014 | Mar. 31, 2014 | Dec. 22, 2013 | Jan. 31, 2013 |
Asset Based Revolving Credit Facility [Member] | $20.0 Million Term Loan Agreement [Member] | $20.0 Million Term Loan Agreement [Member] | $20.0 Million Term Loan Agreement [Member] | First Lien Notes [Member] | First Lien Notes [Member] | Second Lien Notes [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured Notes Priority Collateral | 'Fifth | 'First | ' | ' | 'Second | ' | 'Third | 'Fourth | ' | ' | ' |
ABL Priority Collateral | 'First | 'Second | ' | ' | 'Third | ' | 'Fourth | 'Fifth | ' | ' | ' |
Debt instrument principal amount | ' | $20 | $20 | $20 | ' | ' | ' | ' | ' | ' | ' |
Senior notes stated percentage | ' | ' | ' | 8.00% | ' | 11.00% | ' | 6.00% | 6.00% | 6.00% | 6.00% |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Mar. 23, 2014 | Mar. 24, 2013 | Dec. 22, 2013 | Dec. 23, 2012 | Jan. 31, 2013 | Mar. 23, 2014 | Jan. 31, 2013 | Oct. 05, 2011 | Mar. 23, 2014 | Mar. 23, 2014 | Mar. 23, 2014 | Mar. 23, 2014 | Mar. 23, 2014 | Mar. 23, 2014 | Mar. 23, 2014 | Oct. 05, 2011 | Oct. 05, 2011 | Jan. 31, 2013 | Mar. 23, 2014 | Oct. 15, 2013 | Apr. 15, 2013 | Dec. 23, 2012 | Oct. 15, 2012 | Apr. 15, 2014 | Jan. 31, 2013 | Dec. 22, 2013 | Mar. 23, 2014 | Jan. 31, 2013 | Jan. 31, 2013 | Dec. 22, 2013 | Mar. 23, 2014 | Mar. 31, 2014 | Mar. 23, 2014 | Dec. 22, 2013 | Jan. 31, 2013 | Mar. 23, 2014 | Oct. 05, 2011 | Oct. 05, 2011 | Mar. 23, 2014 | Dec. 22, 2013 | Oct. 05, 2011 | Mar. 23, 2014 | Dec. 22, 2013 | Oct. 15, 2013 | Apr. 15, 2013 | Oct. 15, 2012 | Apr. 15, 2012 | Oct. 05, 2011 | Apr. 15, 2014 | Oct. 05, 2011 | Oct. 05, 2011 | Mar. 23, 2014 | Mar. 23, 2014 | Mar. 23, 2014 | Mar. 23, 2014 | |
Vessel | D-7 Vessels [Member] | Warrants [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Letter of Credit Sub-Facility [Member] | Swingline Sub Facility [Member] | $20.0 Million Term Loan Agreement [Member] | SFL Second Lien Notes Due 2016 [Member] | SFL Second Lien Notes Due 2016 [Member] | SFL Second Lien Notes Due 2016 [Member] | SFL Second Lien Notes Due 2016 [Member] | SFL Second Lien Notes Due 2016 [Member] | SFL Second Lien Notes Due 2016 [Member] | $75.0 Million Term Loan Agreement [Member] | $75.0 Million Term Loan Agreement [Member] | $75.0 Million Term Loan Agreement [Member] | $75.0 Million Term Loan Agreement [Member] | $20.0 Million Term Loan Agreement [Member] | $20.0 Million Term Loan Agreement [Member] | $20.0 Million Term Loan Agreement [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | 6.0% Convertible Notes [Member] | First Lien Notes [Member] | First Lien Notes [Member] | First Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | Second Lien Notes [Member] | ||||
Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Asset Based Revolving Credit Facility [Member] | Asset Based Revolving Credit Facility [Member] | Significant Other Observable Inputs (Level 2) [Member] | Subsequent Event [Member] | Significant Other Observable Inputs (Level 2) [Member] | Series A Convertible Senior Secured Notes [Member] | Series A Convertible Senior Secured Notes [Member] | Series B Mandatorily Convertible Senior Secured Notes [Member] | Subsequent Event [Member] | Minimum [Member] | Maximum [Member] | Interest Rate Criteria One [Member] | Interest Rate Criteria One [Member] | Interest Rate Criteria Two [Member] | Interest Rate Criteria Three [Member] | |||||||||||||||||||||||||||||||||||
Base Rate Loan [Member] | LIBOR Rate Loan [Member] | Base Rate Loan [Member] | LIBOR Rate Loan [Member] | Minimum [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior notes stated percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.25% | ' | ' | ' | 8.00% | ' | ' | 6.00% | 6.00% | 6.00% | 6.00% | ' | 6.00% | 6.00% | ' | ' | 11.00% | ' | ' | ' | ' | ' | ' | ' | ' | 13.00% | 15.00% | ' | 13.00% | 14.00% | 15.00% |
Convertible senior notes date of maturity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Sep-16 | ' | ' | ' | ' | ' | ' | 15-Apr-17 | ' | ' | 15-Oct-16 | ' | ' | 15-Oct-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior secured notes, date of first required payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Apr-12 | ' | ' | 15-Apr-12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior secured notes, mandatory prepayment percentage on annual basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of change of control in other covenants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instruments, fair value of company's debt | $501,200,000 | ' | $488,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $105,600,000 | $58,600,000 | ' | ' | $228,400,000 | ' | ' | ' | ' | ' | ' | $96,600,000 | ' | ' | ' | ' | ' | ' | ' |
Senior secured notes, original issue discount or premium | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,400,000 | ' | ' | 3,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior secured notes, percentage price of principal amount at which notes can be called | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 106.00% | ' | 103.00% | ' |
Percentage of interest payable in cash in arrears | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of interest payable in kind | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior secured notes, periods for which notes cannot be called | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional second lien note to satisfy interest obligation | ' | ' | ' | ' | ' | ' | ' | ' | 12,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500,000 | 3,200,000 | ' | 3,100,000 | 3,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,400,000 | 8,700,000 | 8,100,000 | 7,900,000 | ' | 10,100,000 | ' | ' | ' | ' | ' | ' |
Accrued interest recorded as an increase to long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior secured notes issued to SFL, aggregate principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants issued to SFL to purchase company's common stock | ' | ' | ' | 9,250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock per share value | $0.01 | ' | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $11.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving credit facility maximum borrowing capacity | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | 30,000,000 | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Optional increase in maximum commitment under asset based lending facility | ' | ' | ' | ' | ' | ' | 14,000,000 | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 | ' | ' | ' | ' | ' | ' | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | ' | ' | ' | ' | ' | 178,800,000 | 99,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of borrowing on maximum borrowing capacity under line of credit facility | ' | ' | ' | ' | ' | ' | 14.00% | ' | 12.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity date | ' | ' | ' | ' | ' | ' | ' | ' | 5-Oct-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advance maturity date description | ' | ' | ' | ' | ' | ' | ' | ' | '90 days earlier | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.25% | 2.25% | ' | 2.75% | 3.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable commitment fee on the unused portion of the commitment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowing outstanding | 537,624,000 | ' | 516,318,000 | ' | ' | ' | ' | ' | 13,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 73,282,000 | 73,504,000 | ' | ' | 19,572,000 | 19,598,000 | ' | 1,500,000 | 1,539,000 | ' | ' | ' | ' | 222,213,000 | 222,381,000 | ' | 194,269,000 | 187,129,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current borrowing capacity under senior credit facility | ' | ' | ' | ' | ' | ' | ' | ' | 47,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letters of credit amount | 12,100,000 | ' | 12,900,000 | ' | ' | ' | ' | ' | 12,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of previously chartered vessels | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Chartered vessels expiration date | '2015-01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price of vessels | ' | ' | ' | ' | 91,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of first term loan agreement with certain lenders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly amortization installment percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in amortization installment percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment of financing costs | 11,000 | 5,289,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan commitment fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional loan closing fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument prepayment premium, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, remaining outstanding amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of consideration received by stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of repurchase rate on principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion price of warrants per common shares | ' | ' | ' | ' | ' | 0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants outstanding | ' | ' | ' | ' | ' | 1,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | 38,928,000 | ' | 38,928,000 | ' | ' | 52,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock conversion ratio | ' | ' | ' | ' | ' | '1/25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership position | ' | ' | ' | ' | ' | 4.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
StockBased_Compensation_Compen
Stock-Based Compensation - Compensation Cost Included in Selling, General, and Administration Expenses (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 23, 2014 | Mar. 24, 2013 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Total Compensation Costs | $733 | $1,601 |
Restricted Stock Units [Member] | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Compensation Costs | 711 | 1,540 |
Restricted Stock [Member] | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Compensation Costs | $22 | $61 |
StockBased_Compensation_Summar
Stock-Based Compensation - Summary of Grants Related to Restricted Stock Units (Detail) | 3 Months Ended |
Mar. 23, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 1,151,917 |
Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 1,500,000 |
Grant RSUs Vested | 750,000 |
Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 900,000 |
Grant RSUs Vested | 180,000 |
Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 1,109,584 |
Grant RSUs Vested | 221,917 |
Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 120,834 |
Grant RSUs Vested | ' |
Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 87,500 |
Grant RSUs Vested | ' |
Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 1,500,000 |
Grant RSUs Vested | ' |
Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 1,109,583 |
Grant RSUs Vested | ' |
Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 120,833 |
Grant RSUs Vested | ' |
Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Total RSUs Outstanding | 87,500 |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 928,833 |
March 31, 2014 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 360,000 |
March 31, 2014 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 443,833 |
March 31, 2014 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 72,500 |
March 31, 2014 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 52,500 |
March 31, 2014 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 2,000,000 |
December 31, 2014 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 500,000 |
December 31, 2014 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 1,500,000 |
December 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
December 31, 2014 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2015 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 2,205,084 |
March 31, 2015 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2015 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 360,000 |
March 31, 2015 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 443,834 |
March 31, 2015 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 48,334 |
March 31, 2015 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 35,000 |
March 31, 2015 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
March 31, 2015 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 1,109,583 |
March 31, 2015 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 120,833 |
March 31, 2015 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 87,500 |
June 30, 2015 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 250,000 |
June 30, 2015 [Member] | Time-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | 250,000 |
June 30, 2015 [Member] | Time-Based [Member] | Board of Directors [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Time-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Time-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Time-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Performance-Based [Member] | CEO [Member] | July 5, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Performance-Based [Member] | Management [Member] | July 25, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Performance-Based [Member] | Management [Member] | December 26, 2012 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
June 30, 2015 [Member] | Performance-Based [Member] | Management [Member] | June 1, 2013 [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Grant RSUs Vested | ' |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 3 Months Ended |
Mar. 23, 2014 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Total unrecognized compensation expense | $3,300,000 |
Remaining unrecognized compensation expense | 2,900,000 |
Outstanding and exercisable, Number of Options | 26,829 |
Outstanding and exercisable, Weighted-Average Exercise Price | $402.25 |
Weighted-Average Remaining Contractual Term | '2 years 3 months 18 days |
Restricted Stock Units [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Settlement period of RSU | '30 days |
Unrecognized compensation expense | 6,200,000 |
Weighted-average period | '1 year |
Restricted Stock Units [Member] | Employment Contracts [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Vested RSUs settled in shares of the Company's common stock | 50.00% |
Performance Shares [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Vested RSUs settled in shares of the Company's common stock | 50.00% |
Restricted Stock [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized compensation expense | 0 |
Stock Option [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Unrecognized compensation expense | $0 |
StockBased_Compensation_Summar1
Stock-Based Compensation - Summary of Restricted Stock Units (Detail) (USD $) | 3 Months Ended |
Mar. 23, 2014 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Vested, Number of Shares | -1,151,917 |
Restricted Stock Units [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Nonvested, Number of Shares, Beginning Balance | 5,883,917 |
Granted, Number of Shares | ' |
Vested, Number of Shares | -500,000 |
Forfeited, Number of Shares | ' |
Nonvested, Number of Shares, Ending Balance | 5,383,917 |
Nonvested, Weighted-Average Fair Value at Grant Date, Beginning Balance | 1.85 |
Granted, Weighted-Average Fair Value at Grant Date | ' |
Vested, Weighted-Average Fair Value at Grant Date | 1.95 |
Forfeited, Weighted-Average Fair Value at Grant Date | ' |
Nonvested, Weighted-Average Fair Value at Grant Date, Ending Balance | 1.84 |
StockBased_Compensation_Summar2
Stock-Based Compensation - Summary of Restricted Stock Awards (Detail) (USD $) | 3 Months Ended |
Mar. 23, 2014 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Vested, Number of Shares | -1,151,917 |
Restricted Stock [Member] | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' |
Nonvested, Number of Shares, Beginning Balance | 3,343 |
Granted, Number of Shares | ' |
Vested, Number of Shares | -3,343 |
Forfeited, Number of Shares | ' |
Nonvested, Weighted-Average Fair Value at Grant Date, Beginning Balance | 89.75 |
Granted, Weighted-Average Fair Value at Grant Date | ' |
Vested, Weighted-Average Fair Value at Grant Date | 89.75 |
Forfeited, Weighted-Average Fair Value at Grant Date | ' |
Net_Loss_Per_Common_Share_Net_
Net Loss Per Common Share - Net Loss Per Common Share (Detail) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 23, 2014 | Mar. 24, 2013 |
Numerator: | ' | ' |
Net loss from continuing operations | ($26,275) | ($20,073) |
Net income (loss) from discontinued operations | 37 | -278 |
Net loss | ($26,238) | ($20,351) |
Denominator for basic net loss per common share: | ' | ' |
Weighted average shares outstanding | 39,917 | 34,746 |
Effect of dilutive securities: | ' | ' |
Stock-based compensation | ' | ' |
Warrants to purchase common stock | ' | ' |
Denominator for diluted net loss per common share | 39,917 | 34,746 |
Basic and diluted net loss per common share: | ' | ' |
From continuing operations | ($0.66) | ($0.58) |
From discontinued operations | ' | ($0.01) |
Basic and diluted net loss per common share | ($0.66) | ($0.59) |
Net_Loss_Per_Common_Share_Addi
Net Loss Per Common Share - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | |||
In Millions, except Per Share data, unless otherwise specified | Aug. 27, 2012 | Mar. 23, 2014 | Dec. 22, 2013 | Mar. 23, 2014 | Mar. 24, 2013 |
Warrants [Member] | Warrants [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' |
Total number of shares excluded from denominator for basic net loss per share | ' | ' | ' | 52.3 | 56.4 |
Common stock purchase rights share | $0.01 | ' | ' | ' | ' |
Preferred stock, par value | $0.01 | $0.01 | $0.01 | ' | ' |
Preferred stock, purchase price | $8 | ' | ' | ' | ' |
Property_and_Equipment_Propert
Property and Equipment - Property and Equipment (Detail) (USD $) | Mar. 23, 2014 | Dec. 22, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | $420,131 | $418,865 |
Net Book Value | 223,390 | 226,838 |
Vessels and Vessel Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 228,377 | 227,705 |
Net Book Value | 126,634 | 129,384 |
Containers [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 39,652 | 39,894 |
Net Book Value | 24,218 | 24,710 |
Chassis [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 21,289 | 20,435 |
Net Book Value | 12,520 | 11,847 |
Cranes [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 27,829 | 27,409 |
Net Book Value | 12,140 | 12,088 |
Machinery and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 35,008 | 34,367 |
Net Book Value | 12,497 | 11,784 |
Facilities and Land Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 30,765 | 30,065 |
Net Book Value | 21,483 | 21,171 |
Construction in Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 12,763 | 14,813 |
Net Book Value | 12,763 | 14,813 |
Software [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Historical Cost | 24,448 | 24,177 |
Net Book Value | $1,135 | $1,041 |
Intangible_Assets_Schedule_of_
Intangible Assets - Schedule of Intangible Assets (Detail) (USD $) | Mar. 23, 2014 | Dec. 22, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total intangibles with definite lives | $220,921 | $220,921 |
Accumulated amortization | -188,789 | -185,767 |
Net intangibles with definite lives | 32,132 | 35,154 |
Goodwill | 198,793 | 198,793 |
Intangible assets, net | 230,925 | 233,947 |
Customer Contracts/Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total intangibles with definite lives | 141,430 | 141,430 |
Trademarks [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total intangibles with definite lives | 63,800 | 63,800 |
Deferred Financing Costs [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total intangibles with definite lives | $15,691 | $15,691 |
Accrued_Liabilities_Other_Curr
Accrued Liabilities - Other Current Accrued Liabilities (Detail) (USD $) | Mar. 23, 2014 | Dec. 22, 2013 |
In Thousands, unless otherwise specified | ||
Payables And Accruals [Abstract] | ' | ' |
Vessel operations | $17,237 | $12,286 |
Payroll and employee benefits | 16,704 | 16,101 |
Marine operations | 8,918 | 5,382 |
Terminal operations | 9,535 | 8,477 |
Fuel | 8,889 | 5,193 |
Interest | 12,922 | 6,817 |
Legal settlements | 3,758 | 4,382 |
Restructuring | 476 | 587 |
Other liabilities | 15,247 | 18,181 |
Total other current accrued liabilities | $93,686 | $77,406 |
Accrued_Liabilities_Additional
Accrued Liabilities - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 05, 2014 | Mar. 23, 2014 | Mar. 23, 2014 |
On or Before March 24, 2015 [Member] | On or Before March 21, 2016 [Member] | ||
Loss Contingencies [Line Items] | ' | ' | ' |
Payments related to the plea agreement with the Antitrust Division | $1.50 | $4 | $4 |
Payment date | ' | 24-Mar-15 | 21-Mar-16 |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 05, 2014 | Dec. 22, 2013 | Mar. 23, 2014 |
Installment | |||
Commitments And Contingencies Disclosure [Abstract] | ' | ' | ' |
Settlement agreement amount | $1.50 | ' | ' |
Number of installment payments for settlement agreement amount | 6 | ' | ' |
Charge recorded related to legal settlement | ' | 1.4 | ' |
Letters of credit amount | ' | $12.90 | $12.10 |