Revolution Lighting (RVLT) 10-Q 1 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 27, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	RVLT
Entity Registrant Name	Revolution Lighting Technologies, Inc.
Entity Central Index Key	917,523
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		22,363,733

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents	$ 1,439	$ 945
Accounts receivable, net of allowance for doubtful accounts	29,746	34,972
Unbilled contracts receivable	6,557	6,083
Inventories, net	27,276	26,164
Vendor deposits, prepaid expenses and other	10,416	9,510
Total current assets	75,434	77,674
Property and equipment, net	2,125	1,603
Goodwill	61,508	61,508
Intangible assets, net	27,518	28,372
Other assets, net	1,051	1,077
Total assets	167,636	170,234
Current Liabilities
Accounts payable	24,605	28,833
Accrued and other liabilities	9,822	11,570
Notes payable	1,886	1,796
Related party notes payable	1,200	1,000
Purchase price obligations	130	130
Total current liabilities	37,643	43,329
Revolving credit facility	40,060	38,633
Notes payable	180	270
Related party notes payable	11,720	11,720
Other noncurrent liabilities	375	419
Total liabilities	89,978	94,371
Contingencies and Commitments
Stockholders' Equity
Common stock, par value $0.001 - 35,000 shares authorized and 22,364 shares issued and outstanding at March 31, 2018 and 35,000 shares authorized and 21,352 shares issued and outstanding at December 31, 2017	22	21
Additional paid-in-capital	208,928	204,944
Accumulated deficit	(131,292)	(129,102)
Total stockholders' equity	77,658	75,863
Total liabilities and stockholders' equity	$ 167,636	$ 170,234

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	35,000,000	35,000,000
Common stock, issued	22,364,000	21,352,000
Common stock, outstanding	22,364,000	21,352,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue	$ 33,739	$ 30,570
Cost of sales	22,240	20,496
Gross profit	11,499	10,074
Operating expenses:
Selling, general and administrative	10,096	10,090
Research and development	818	422
Amortization and depreciation	1,001	1,939
Acquisition, severance and transition costs	169	658
Stock-based compensation	673	1,118
Total operating expenses	12,757	14,227
Operating loss	(1,258)	(4,153)
Interest expense and other charges	(932)	(802)
Net loss	$ (2,190)	$ (4,955)
Net loss per share, basic and diluted	$ (0.10)	$ (0.24)
Weighted average shares outstanding, basic and diluted	21,822	20,599

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in-Capital	Accumulated Deficit
Beginning Balance at Jan. 01, 2017	$ 125,713	$ 21	$ 200,887	$ (75,195)
Stock-based compensation	2,861		2,861
Shares issued for contingent consideration	1,196		1,196
Net loss	(53,907)			(53,907)
Ending Balance at Dec. 31, 2017	75,863	21	204,944	(129,102)
Stock-based compensation	385		385
Issuance of common stock for cash, net of issuance costs	3,600	1	3,599
Net loss	(2,190)			(2,190)
Ending Balance at Mar. 31, 2018	$ 77,658	$ 22	$ 208,928	$ (131,292)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities:
Net loss	$ (2,190)	$ (4,955)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation	1,367	1,939
Stock-based compensation	673	1,118
Change in fair value of contingent consideration		(785)
Other noncash items affecting net income	86	21
Changes in operating assets and liabilities, net of the effect of the acquisition:
(Increase) decrease in trade receivables, net	5,226	7,161
(Increase) decrease in unbilled contracts receivable	(474)	1,841
(Increase) decrease in inventories, net	(1,112)	(3,571)
(Increase) decrease in prepaid and other assets	(1,709)	(1,549)
Increase (decrease) in accounts payable and accrued liabilities	(6,308)	(5,432)
Net cash used in operating activities	(4,441)	(4,212)
Cash Flows from Investing Activities:
Purchase of property and equipment and other	(292)	(231)
Net cash used in investing activities	(292)	(231)
Cash Flows from Financing Activities:
Proceeds from the issuance of common stock	3,600
Net proceeds from revolving credit facility	1,427	14,819
Net proceeds from related party notes payable	200
Repayments of notes payable and short-term borrowings		(10,090)
Net cash provided by financing activities	5,227	4,729
Net increase (decrease) in cash and cash equivalents	494	286
Cash and cash equivalents, beginning of period	945	883
Cash and cash equivalents, end of period	$ 1,439	$ 1,169

The Company

The Company	3 Months Ended
	Mar. 31, 2018
The Company	1. The Company Revolution Lighting Technologies, Inc., together with its wholly-owned subsidiaries (“Revolution”, “we”, “us” or “our”), is a leader in the de s Tri-State We generate revenue by selling lighting products and solutions for use in the commercial, industrial and government markets, which include vertical markets such as military, municipal, commercial office, industrial, warehouse, education, hospitality, retail, healthcare, multi-family and signage-media-accent markets. We market and distribute our products globally through networks of distributors, independent sales agencies and representatives, electrical supply companies, as well as internal marketing and sales forces. Our operations consist of one reportable segment for financial reporting purposes: Lighting Products and Solutions (principally LED fixtures, controls and lamps). Basis of presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosure made are adequate to make the information not misleading. The condensed financial statements included in this Form 10-Q 10-K In the opinion of management, these accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) necessary to fairly state our financial position, results of operations, and cash flows as of and for the dates and periods presented as required by Regulation S-X, 10-01. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to valuation of receivables and inventories, purchase price allocation of acquired businesses, impairment of long-lived assets and goodwill, income taxes and contingencies. Actual results could differ from those estimates. The results of operations for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the full year ending on December 31, 2018, or for any other future period. Our business exhibits some seasonality, with net sales being affected by the impact of weather and seasonal demand on construction and installation programs, particularly during the winter months. Because of these seasonal factors, we have historically experienced increasing revenue as the year progresses. Purchase Price Obligations In connection with the acquisition of Energy Source, we were obligated to issue contingent consideration of $0.1 million at both March 31, 2018 and December 31, 2017, which was paid on April 4, 2018. Sales Tax Revenue We record sales tax revenue on a gross basis (included in both “Revenue” and “Cost of sales” in the unaudited Condensed Consolidated Statements of Operations). For the three months ended March 31, 2018 and 2017, revenues from sales taxes were $1.0 million and $0.7 million, respectively. Liquidity and Capital Resources Our liquidity as of March 31, 2018 and December 31, 2017 was $3.5 million and $7.4 million, respectively, which consisted of cash and cash equivalents of $1.4 million and $0.9 million, respectively, and additional borrowing capacity under the Revolving Credit Facility of $2.1 million and $6.5 million, respectively. Historically, our significant shareholder, RVL 1 LLC (“RVL”), and its affiliates have been a significant source of financing, and they continue to support our operations. See Note 13. At March 31, 2018 and December 31, 2017, we had working capital of $37.8 million and $34.3 million, respectively. We believe we have adequate resources to meet our cash requirements for the foreseeable future. Recent accounting pronouncements not yet adopted In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases right-of-use Recently adopted accounting pronouncements On January 1, 2018, we adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) On January 1, 2018, we adopted ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments,” On January 1, 2018, we adopted ASU 2017-01, Business Combinations: Clarifying the Definition of a Business On January 1, 2018, we adopted ASU 2017-09, Compensation—Stock Compensation: Scope of Modification Accounting

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2018
Revenue from Contracts with Customers	2. Revenue from Contracts with Customers We recognize revenue from our product sales upon shipment or delivery to customers in accordance with the respective contractual arrangements, provided no significant obligations remain and collection is probable. For sales that include customer acceptance terms, revenue is recorded after customer acceptance at the applicable location. It is our policy that all sales are final. Requests for returns are reviewed on a case by case basis. As revenue is recorded, we accrue an estimated amount for product returns as a reduction of revenue. We recognize revenue from fixed-price and modified fixed-price contracts for turnkey energy conservation projects using cost-based input methods, in which significant judgement is required to evaluate assumptions including the amount of net contract revenue and the total estimated cost to determine our progress towards contract completion and to calculate the corresponding amount of revenue recognized. Cost-based input methods are used to reflect contract progress as costs are incurred. The transaction price is determined based on the contract price, which has a fixed or determinable fee. If estimated total costs on any contract are greater than the net contract revenues, we recognize the entire estimated loss in the period the loss becomes known. The cumulative effect of revisions to estimates related to net contract revenues or costs to complete contracts are recorded in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated. During the three months ended March 31, 2018 and 2017, the majority of our revenue was earned from the sale of LED products. While we did recognize revenue from fixed-price and modified fixed-price contracts for turnkey energy conservation products, the amount, predominately related to LED products, was generally included in the overall price. The aggregate revenue for the three months ended March 31, 2018 of $33.7 million includes approximately 29% related to turnkey energy conservation projects, the most significant portion of which represents LED product sales. Unbilled contracts receivable represents a contract asset for revenue that has been recognized in advance of billing the customer, which is common for construction-type contracts. Billing requirements vary by contract and are generally structured as milestone based or in accordance with prescribed billing dates (i.e. first and middle of the month) to coincide with the completion of the project. From time to time, certain of our turnkey energy conservation projects may also contain retainage provisions. Retainage represent a contract asset for the portion of the contract price earned by us for work performed but held for payment by the customer as a form of security, until a specific period of time has elapsed. We do not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. At March 31, 2018, we had no contracts with an original expected length of greater than one year. We have excluded disclosure related to the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied at March 31, 2018 as the contract periods are of one year or less. Additionally, we have elected the practical expedient to expense sales commissions when incurred, which are recorded within “Selling, general and administrative expenses” in the unaudited Condensed Consolidated Statements of Operations. We have elected to treat shipping and handling costs as fulfillment activities and not as promised services.

Accounts Receivable, Net of All

Accounts Receivable, Net of Allowance for Doubtful Accounts	3 Months Ended
	Mar. 31, 2018
Trade Accounts Receivable
Accounts Receivable, Net of Allowance for Doubtful Accounts	3. Accounts Receivable, Net of Allowance for Doubtful Accounts Accounts receivable, net of allowance for doubtful accounts, consisted of the following: March 31, December 31, Trade receivables $ 30.2 $ 35.5 Allowance for doubtful accounts (0.5 ) (0.5 ) Accounts receivable, net of allowance for doubtful accounts $ 29.7 $ 35.0 Bad debt expense, which was recorded in “Selling, general and administrative” in the unaudited Condensed Consolidated Statements of Operations, was less than $0.1 million for both the three months ended March 31, 2018 and 2017.

Inventories, Net

Inventories, Net	3 Months Ended
	Mar. 31, 2018
Inventories, Net	4. Inventories, Net Inventories, which are primarily purchased from third parties, consisted of the following: March 31, December 31, Raw materials $ 0.3 $ 0.3 Finished goods 28.2 27.1 Total 28.5 27.4 Less: Provision for obsolescence (1.2 ) (1.2 ) Inventories, net $ 27.3 $ 26.2

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2018
Property and Equipment	5. Property and Equipment Property and equipment, net of accumulated depreciation, consisted of the following: March 31, December 31, Total property and equipment $ 3.7 $ 3.0 Less accumulated depreciation (1.6 ) (1.4 ) Property and equipment, net $ 2.1 $ 1.6 Depreciation expense related to property and equipment, which was recorded in “Amortization and depreciation” in the unaudited Condensed Consolidated Statements of Operations, was $0.1 million for both the three months ended March 31, 2018 and 2017.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2018
Intangible Assets	6. Intangible Assets Intangible assets consisted of the following: March 31, 2018 December 31, 2017 Gross Accumulated Net Carrying Gross Accumulated Net Carrying Customer relationships and product supply agreements $ 24.6 $ (7.2 ) $ 17.4 $ 24.6 $ (6.6 ) $ 18.0 Trademarks/Trade Names 12.2 (2.5 ) 9.7 12.2 (2.3 ) 9.9 Other 1.3 (0.9 ) 0.4 1.3 (0.8 ) 0.5 Intangible assets $ 38.1 $ (10.6 ) $ 27.5 $ 38.1 $ (9.7 ) $ 28.4 Amortization expense related to intangible assets, which was recorded in “Amortization and depreciation” in the unaudited Condensed Consolidated Statements of Operations, was $0.9 million and $1.4 million for the three months ended March 31, 2018 and 2017, respectively.

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	3 Months Ended
	Mar. 31, 2018
Accrued and Other Current Liabilities	7. Accrued and Other Current Liabilities Accrued and other current liabilities consisted of the following: March 31, December 31, Compensation, benefits and commissions $ 3.7 $ 3.7 Accrued restructuring costs (1) 1.4 1.8 Accruals and other current liabilities 4.7 6.1 Accrued and other current liabilities $ 9.8 $ 11.6 (1) See Note 14 for additional information regarding restructuring activities.

Financings

Financings	3 Months Ended
	Mar. 31, 2018
Financings	8. Financings Revolving Credit Facility On January 26, 2017, we amended the loan and security agreement with Bank of America to borrow up to $50.0 million on a revolving basis, based upon specified percentages of eligible receivables and inventory, which matures on January 26, 2020 (the “Revolving Credit Facility”). Under the Revolving Credit Facility, the maximum applicable margin for LIBOR rate loans is 2.75%, and the maximum applicable margin for base rate loans is 1.75%. As of March 31, 2018, our Chairman, Chief Executive Officer and President had guaranteed $10.0 million of the borrowings under the Revolving Credit Facility (see Note 13). At March 31, 2018 and December 31, 2017, the balance outstanding on the Revolving Credit Facility was $40.1 million and $38.6 million, respectively. We recorded interest expense of $0.5 million and $0.4 million for the three months ended March 31, 2018 and 2017, respectively. In connection with obtaining the revolving credit facility, we incurred debt issuance costs, which are being amortized through the maturity date. At March 31, 2018 and December 31, 2017, we had $0.5 million and $0.6 million, respectively, of deferred debt issuance costs, which are recorded in “Other assets, net” in the unaudited Condensed Consolidated Balance Sheets. Amortization expense of deferred debt issuance costs was less than $0.1 million for both the three months ended March 31, 2018 and 2017. Notes Payable Notes payable consisted of the following: March 31, December 31, Value Lighting acquisition note $ 2.1 $ 2.1 Total notes payable $ 2.1 $ 2.1 Less: Notes payable—current (1.9 ) (1.8 ) Notes payable—noncurrent $ 0.2 $ 0.3 Value Lighting Acquisition Note In conjunction with the acquisition of Value Lighting, we refinanced $3.7 million of Value Lighting’s trade accounts payable by issuing a note payable to the creditor. The note is payable in monthly installments through October 2019 and a lump sum payment of $1.4 million due on November 22, 2018, which may be settled, at our option, in either cash or an equivalent amount of common shares based upon their then-current market value.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity	9. Stockholders’ Equity Common Stock The changes in issued and outstanding common stock during the three months ended March 31, 2018 were as follows: Shares Balance at January 1, 2018 21,352,383 Shares issued for stock-based compensation 11,350 Shares issued to RVL and affiliates 1,000,000 Balance at March 31, 2018 22,363,733 During the first quarter of 2018, our Chief Executive Officer purchased an additional 850,000 shares of common stock and our Chief Financial Officer purchased an additional 150,000 shares of common stock for a total of $3.6 million. At March 31, 2018, 9,670,386, or 43% of our outstanding shares were owned by RVL and its affiliates. Preferred Stock We are authorized to issue up to 5,000,000 shares of preferred stock. There were no shares of preferred stock outstanding at March 31, 2018.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Taxes	10. Income Taxes New Tax Legislation On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act. This legislation makes broad and complex changes to the U.S. tax code, including, but not limited to: (i) reducing the U.S. federal statutory tax rate from 35% to 21%; (ii) eliminating the corporate alternative minimum tax (AMT) and changing how existing AMT credits can be realized; (iii) modifying the officer’s compensation limitation, and (iv) changing rules related to uses and limitations of net operating loss carryforwards created in tax years beginning after December 31, 2017. Specifically, the TCJA limits the amount the Company is able to deduct for net operating loss carryforwards generated in taxable years beginning after December 31, 2017 to 80% of taxable income; however, these net operating loss carryforwards can be carried forward indefinitely. We recognize the effects of changes in tax law, including the TCJA, in the period the law is enacted. Accordingly, the effects of the TCJA were recognized in the financial statements for the year ended December 31, 2017. Under the Act, our $60.6 million in federal net operating loss carryforwards generated as of March 31, 2018 will continue to be carried forward for 20 years and are expected to be available to fully offset taxable income earned in future tax years. At March 31, 2018, we had not completed our accounting for the tax effects of the enactment of the TCJA; however in certain cases we have made a reasonable estimate of the effects of the TCJA. Our preliminary estimate of the effects of the TCJA, including the remeasurement of deferred tax assets and liabilities and the recognition of an income tax benefit related to AMT tax credit carryforwards, is subject to the finalization of management’s analysis related to certain matters, such as developing interpretations of the provisions of the TCJA and the filing of our tax returns. U.S. Treasury regulations, administrative interpretations or court decisions interpreting the TCJA may require further adjustments and changes in our estimates. The final determination of the effects of the TCJA will be completed as additional information becomes available, but no later than one year from the enactment of the TCJA. In all cases, we will continue to make and refine our calculations as additional analysis is completed. In addition, our estimates may also be affected as we gain a more thorough understanding of the tax law. Income Taxes We file income tax returns in the United States federal jurisdiction, as well as in various state jurisdictions. We did not record any current or deferred U.S. federal income tax provision or benefit during the three months ended March 31, 2018 and 2017 because we have experienced operating losses since inception. We have recognized a full valuation allowance related to our net deferred tax assets, including substantial net operating loss carryforwards. As of March 31, 2018, we had approximately $60.6 million of net operating loss carryforwards and amortizable expenses related to acquisitions that can be used to offset our income for federal and state tax purposes.

Loss per Share

Loss per Share	3 Months Ended
	Mar. 31, 2018
Loss per Share	11. Loss per Share The computation of basic and diluted net loss per share for the periods indicated is as follows: Three Months Ended March 31, 2018 2017 Numerator: Net loss $ (2.2 ) $ (5.0 ) Denominator: Weighted-average common shares (in thousands)—diluted 21,822 20,599 Basic and Diluted net loss per share $ (0.10 ) $ (0.24 ) At March 31, 2017, we were contingently obligated to pay $0.5 million, which may be settled, at our option, in either cash or an equivalent amount of common shares based upon their then-current market value, if certain performance criteria had been met. The equivalent amount of common shares have been excluded from the computation of diluted net loss per share for the three months ended March 31, 2017, as they were antidilutive. Included in the computation of basic net loss per share for the three months ended March 31, 2017 were 40,002 potentially dilutive shares. At March 31, 2018 and 2017, 24,875 and 27,828 outstanding options, respectively, with an average exercise price of $44.45 and $44.76, respectively, were not recognized in the diluted earnings per share calculation as they were antidilutive.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2018
Stock-Based Compensation	12. Stock-Based Compensation The 2003 Plan The following table presents a summary of activity for the three months ended March 31, 2018: Number of Weighted Weighted Outstanding, January 1, 2018 24,875 $ 44.45 2.57 Outstanding and expected to vest, March 31, 2018 24,875 $ 44.45 2.25 Exercisable, March 31, 2018 24,875 $ 44.45 2.25 During the three ended March 31, 2018, no options were issued. We issue new shares upon the exercise of options. Options outstanding at March 31, 2018 had no intrinsic value. At March 31, 2018, unrecognized compensation expense related to options was less than $0.1 million, which is expected to be recognized over a weighted-average period of less than one year. The 2013 Plan Under our 2013 Stock Incentive Plan, as amended (the “2013 Plan”), an aggregate of 1,600,000 shares of our common stock may be issued to officers, employees, non-employee Restricted Shares The following table presents a summary of activity for the three months ended March 31, 2018: Number of Weighted Average Outstanding, January 1, 2018 223,499 $ 6.46 Outstanding and expected to vest, March 31, 2018 223,499 $ 6.46 At March 31, 2018, there was $0.4 million of unrecognized compensation expense related to nonvested restricted shares, which is expected to be recognized over a weighted-average period of 1.9 years. The total fair value of restricted shares that vested during the three months ended 2017 was $0.2 million. Restricted Share Units During the three months ended March 31, 2018, we granted restricted share units to employees which vest ratably over a three-year period. These awards are classified as equity awards, and are accounted for using the fair value established at the grant date. The following table presents a summary of activity for the three months ended March 31, 2018: Number of Weighted Average Outstanding, January 1, 2018 242,684 $ 7.17 Granted 119,167 4.25 Vested (11,350 ) 5.12 Forfeited (3,334 ) 6.35 Outstanding and expected to vest, March 31, 2018 347,167 $ 4.82 At March 31, 2018, there was $2.2 million of unrecognized compensation expense related to nonvested restricted share units, which is expected to be recognized over a weighted-average period of 1.8 years. The total fair value of restricted shares that vested was less than $0.1 million for each of the three months ended March 31, 2018 and 2017.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions	13. Related Party Transactions Chairman, Chief Executive Officer and President As of March 31, 2018, our Chairman, Chief Executive Officer, and President has guaranteed $10.0 million of borrowings under our Revolving Credit Facility. See Note 8. During the first quarter of 2018, our Chief Executive Officer purchased an additional 850,000 shares of common stock and our Chief Financial Officer purchased an additional 150,000 shares of common stock for a total of $3.6 million. See Note 9. Aston Capital, LLC At both March 31, 2018 and 2017, we had a promissory note for $11.7 million with Aston Capital, LLC (“Aston”), which bears interest at 9% annually and matures on April 1, 2019, which can be prepaid at our option. During the three months ended March 31, 2018 and 2017, Aston provided $0.2 million and $1.5 million, respectively, in advances that bear interest annually at 9%. At March 31, 2018 and December 31, 2017, the balance was $1.2 million and $1.0 million, respectively, which was included in “Related party notes payable” in the unaudited Condensed Consolidated Balance Sheets. At March 31, 2018 and December 31, 2017, we had accrued interest of $0.4 million and $0.1 million, respectively. During the three months ended March 31, 2018 and 2017, we recorded interest expense related to financing agreements with Aston of $0.3 million and less than $0.1 million, respectively. On January 5, 2017, we ratified a management services agreement with Aston (the “Management Agreement”) to memorialize certain management services that Aston has been providing to us since RVL acquired majority control of our voting securities in September 2012. Pursuant to the Management Agreement, Aston provides consulting services in connection with financing matters, budgeting, strategic planning and business development, including, without limitation, assisting us in (i) analyzing the operations and historical performance of target companies; (ii) analyzing and evaluating the transactions with such target companies; (iii) conducting financial, business and operational due diligence, and (iv) evaluating related structuring and other matters. In addition, two of the Aston members hold executive positions in Revolution, and receive no compensation. On May 12, 2016, we granted 250,000 shares of restricted stock to Aston, which vest in three annual installments on May 12, 2017, 2018, and 2019. The Audit Committee of the Board will consider from time to time (at a minimum at such times when the Compensation Committee of the Board evaluates director compensation) whether additional compensation to Aston is appropriate given the nature of the services provided. Our corporate headquarters utilizes space in Stamford, Connecticut, which is also occupied by affiliates of our Chairman and Chief Executive Officer. Our proportionate share of the space under the underlying lease, which we paid to Aston, was $0.1 million during both the three months ended March 31, 2018 and 2017.

Restructuring Activities

Restructuring Activities	3 Months Ended
	Mar. 31, 2018
Restructuring Activities	14. Restructuring Activities In the fourth quarter of 2017, we announced a restructuring plan to further streamline our operations, eliminate redundancies at certain divisions and address certain operational functions. As part of the restructuring, we (i) consolidated the operations of three divisions into one, (ii) consolidated sales, purchasing, bidding and proposal and accounting functions, (iii) expanded and refocused our marketing resources, including changes to key management positions at certain divisions, and (iv) exited certain product lines and related operations, including the eliminations of a number of warehouse locations. Restructuring charges are recorded in accordance with ASC 420-10, Exit or Disposal Cost Obligations 420-10, At December 31, 2017, we had recorded a liability of $1.8 million related to certain components of the restructuring reserve, which was included in “Accrued and other liabilities” in the unaudited Condensed Consolidated Balance Sheets. During the quarter ended March 31, 2018, we reduced such liability to $1.4 million to reflect payments made for certain restructuring activities.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies	15. Commitments and Contingencies In the ordinary course of business, we may become a party to various legal proceedings generally involving contractual matters, infringement actions, product liability claims and other matters. Based upon such evaluation, at March 31, 2018, we were not party to any pending legal or administrative proceedings that may have a material adverse effect, either individually or in the aggregate, on our business, financial condition or results of operations. We may be required to make payments under a certain channel distribution agreement if certain revenue targets are achieved. The maximum amount of such payments is $0.5 million, which has been accrued as of March 31, 2018 and was subsequently paid in April 2018.

The Company (Policies)

The Company (Policies)	3 Months Ended
	Mar. 31, 2018
Basis of presentation	Basis of presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosure made are adequate to make the information not misleading. The condensed financial statements included in this Form 10-Q 10-K In the opinion of management, these accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments) necessary to fairly state our financial position, results of operations, and cash flows as of and for the dates and periods presented as required by Regulation S-X, 10-01. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to valuation of receivables and inventories, purchase price allocation of acquired businesses, impairment of long-lived assets and goodwill, income taxes and contingencies. Actual results could differ from those estimates. The results of operations for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the full year ending on December 31, 2018, or for any other future period. Our business exhibits some seasonality, with net sales being affected by the impact of weather and seasonal demand on construction and installation programs, particularly during the winter months. Because of these seasonal factors, we have historically experienced increasing revenue as the year progresses.
Purchase Price Obligations	Purchase Price Obligations In connection with the acquisition of Energy Source, we were obligated to issue contingent consideration of $0.1 million at both March 31, 2018 and December 31, 2017, which was paid on April 4, 2018.
Sales Tax Revenue	Sales Tax Revenue We record sales tax revenue on a gross basis (included in both “Revenue” and “Cost of sales” in the unaudited Condensed Consolidated Statements of Operations). For the three months ended March 31, 2018 and 2017, revenues from sales taxes were $1.0 million and $0.7 million, respectively.
Liquidity and Capital Resources	Liquidity and Capital Resources Our liquidity as of March 31, 2018 and December 31, 2017 was $3.5 million and $7.4 million, respectively, which consisted of cash and cash equivalents of $1.4 million and $0.9 million, respectively, and additional borrowing capacity under the Revolving Credit Facility of $2.1 million and $6.5 million, respectively. Historically, our significant shareholder, RVL 1 LLC (“RVL”), and its affiliates have been a significant source of financing, and they continue to support our operations. See Note 13. At March 31, 2018 and December 31, 2017, we had working capital of $37.8 million and $34.3 million, respectively. We believe we have adequate resources to meet our cash requirements for the foreseeable future.
Recent accounting pronouncements	Recent accounting pronouncements not yet adopted In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases right-of-use Recently adopted accounting pronouncements On January 1, 2018, we adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) On January 1, 2018, we adopted ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments,” On January 1, 2018, we adopted ASU 2017-01, Business Combinations: Clarifying the Definition of a Business On January 1, 2018, we adopted ASU 2017-09, Compensation—Stock Compensation: Scope of Modification Accounting

Accounts Receivable, Net of A23

Accounts Receivable, Net of Allowance for Doubtful Accounts (Tables)	3 Months Ended
	Mar. 31, 2018
Accounts Receivable, Net of Allowance for Doubtful Accounts	Accounts receivable, net of allowance for doubtful accounts, consisted of the following: March 31, December 31, Trade receivables $ 30.2 $ 35.5 Allowance for doubtful accounts (0.5 ) (0.5 ) Accounts receivable, net of allowance for doubtful accounts $ 29.7 $ 35.0

Inventories, Net (Tables)

Inventories, Net (Tables)	3 Months Ended
	Mar. 31, 2018
Components of Inventories	Inventories, which are primarily purchased from third parties, consisted of the following: March 31, December 31, Raw materials $ 0.3 $ 0.3 Finished goods 28.2 27.1 Total 28.5 27.4 Less: Provision for obsolescence (1.2 ) (1.2 ) Inventories, net $ 27.3 $ 26.2

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2018
Property and Equipment, Net of Accumulated Depreciation	Property and equipment, net of accumulated depreciation, consisted of the following: March 31, December 31, Total property and equipment $ 3.7 $ 3.0 Less accumulated depreciation (1.6 ) (1.4 ) Property and equipment, net $ 2.1 $ 1.6

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
Intangible Assets	Intangible assets consisted of the following: March 31, 2018 December 31, 2017 Gross Accumulated Net Carrying Gross Accumulated Net Carrying Customer relationships and product supply agreements $ 24.6 $ (7.2 ) $ 17.4 $ 24.6 $ (6.6 ) $ 18.0 Trademarks/Trade Names 12.2 (2.5 ) 9.7 12.2 (2.3 ) 9.9 Other 1.3 (0.9 ) 0.4 1.3 (0.8 ) 0.5 Intangible assets $ 38.1 $ (10.6 ) $ 27.5 $ 38.1 $ (9.7 ) $ 28.4

Accrued and Other Current Lia27

Accrued and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2018
Accrued and Other Current Liabilities	Accrued and other current liabilities consisted of the following: March 31, December 31, Compensation, benefits and commissions $ 3.7 $ 3.7 Accrued restructuring costs (1) 1.4 1.8 Accruals and other current liabilities 4.7 6.1 Accrued and other current liabilities $ 9.8 $ 11.6 (1) See Note 14 for additional information regarding restructuring activities.

Financings (Tables)

Financings (Tables)	3 Months Ended
	Mar. 31, 2018
Notes Payable	Notes payable consisted of the following: March 31, December 31, Value Lighting acquisition note $ 2.1 $ 2.1 Total notes payable $ 2.1 $ 2.1 Less: Notes payable—current (1.9 ) (1.8 ) Notes payable—noncurrent $ 0.2 $ 0.3

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Changes in Issued and Outstanding Common Stock	The changes in issued and outstanding common stock during the three months ended March 31, 2018 were as follows: Shares Balance at January 1, 2018 21,352,383 Shares issued for stock-based compensation 11,350 Shares issued to RVL and affiliates 1,000,000 Balance at March 31, 2018 22,363,733

Loss per Share (Tables)

Loss per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Computation of Basic and Diluted Net Loss Per Share	The computation of basic and diluted net loss per share for the periods indicated is as follows: Three Months Ended March 31, 2018 2017 Numerator: Net loss $ (2.2 ) $ (5.0 ) Denominator: Weighted-average common shares (in thousands)—diluted 21,822 20,599 Basic and Diluted net loss per share $ (0.10 ) $ (0.24 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2018
Summary of Stock Option Activity	The following table presents a summary of activity for the three months ended March 31, 2018: Number of Weighted Weighted Outstanding, January 1, 2018 24,875 $ 44.45 2.57 Outstanding and expected to vest, March 31, 2018 24,875 $ 44.45 2.25 Exercisable, March 31, 2018 24,875 $ 44.45 2.25
Summary of Restricted Shares Activity	The following table presents a summary of activity for the three months ended March 31, 2018: Number of Weighted Average Outstanding, January 1, 2018 223,499 $ 6.46 Outstanding and expected to vest, March 31, 2018 223,499 $ 6.46
Summary of Restricted Share Units Activity	The following table presents a summary of activity for the three months ended March 31, 2018: Number of Weighted Average Outstanding, January 1, 2018 242,684 $ 7.17 Granted 119,167 4.25 Vested (11,350 ) 5.12 Forfeited (3,334 ) 6.35 Outstanding and expected to vest, March 31, 2018 347,167 $ 4.82

The Company - Additional Inform

The Company - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)Segment	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2017USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of reportable segments | Segment	1
Revenue from sales tax	$ 1,000	$ 700
Liquidity	3,500		$ 7,400
Cash and cash equivalents	1,439	$ 1,169	945	$ 883
Additional borrowing capacity under the Revolving Credit Facility	2,100		6,500
Working capital	37,800		34,300
Energy Source
Organization And Summary Of Significant Accounting Policies [Line Items]
Contingent consideration	$ 100		$ 100

Revenue from Contracts with C33

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Concentration Risk [Line Items]
Revenue	$ 33,739	$ 30,570
Revenue | Product Concentration | Turnkey Energy Conservation Projects
Concentration Risk [Line Items]
Concentration percentage	29.00%

Accounts Receivable, Net of A34

Accounts Receivable, Net of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$ 30,200	$ 35,500
Allowance for doubtful accounts	(500)	(500)
Accounts receivable, net of allowance for doubtful accounts	$ 29,746	$ 34,972

Accounts Receivable, Net of A35

Accounts Receivable, Net of Allowance for Doubtful Accounts - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Selling, General and Administrative Expenses
Accounts, Notes, Loans and Financing Receivable [Line Items]
Bad debt expense	$ 0.1	$ 0.1

Components of Inventories (Deta

Components of Inventories (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Inventory [Line Items]
Raw materials	$ 300	$ 300
Finished goods	28,200	27,100
Total	28,500	27,400
Less: Provision for obsolescence	(1,200)	(1,200)
Inventories, net	$ 27,276	$ 26,164

Property and Equipment, Net of

Property and Equipment, Net of Accumulated Depreciation (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 3,700	$ 3,000
Less accumulated depreciation	(1,600)	(1,400)
Property and equipment, net	$ 2,125	$ 1,603

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 0.1	$ 0.1

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Cost	$ 38,100	$ 38,100
Accumulated Amortization	(10,600)	(9,700)
Net Carrying Amount	27,518	28,372
Customer relationships and product supply agreements
Finite-Lived Intangible Assets [Line Items]
Gross Cost	24,600	24,600
Accumulated Amortization	(7,200)	(6,600)
Net Carrying Amount	17,400	18,000
Trademarks / Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Cost	12,200	12,200
Accumulated Amortization	(2,500)	(2,300)
Net Carrying Amount	9,700	9,900
Other
Finite-Lived Intangible Assets [Line Items]
Gross Cost	1,300	1,300
Accumulated Amortization	(900)	(800)
Net Carrying Amount	$ 400	$ 500

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 0.9	$ 1.4

Accrued and Other Current Lia41

Accrued and Other Current Liabilities (Detail) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Payables And Accruals [Line Items]
Compensation, benefits and commissions		$ 3,700	$ 3,700
Accrued restructuring costs	[1]	1,400	1,800
Accruals and other current liabilities		4,700	6,100
Accrued and other current liabilities		$ 9,822	$ 11,570
[1]	See Note 14 for additional information regarding restructuring activities.

Financings - Additional Informa

Financings - Additional Information (Detail) - USD ($)	Jan. 26, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Financing Activities and Borrowing Arrangements [Line Items]
Line of credit facility, maximum borrowing amount	$ 50,000,000
Line of credit facility, maturity date	Jan. 26, 2020
Guaranteed borrowing capacity		$ 10,000,000
Revolving credit facility		40,060,000		$ 38,633,000
Interest Expenses		500,000	$ 400,000
Amortization expense of deferred debt issuance costs			$ 100,000
Other Noncurrent Assets
Financing Activities and Borrowing Arrangements [Line Items]
Deferred debt issuance costs		500,000		$ 600,000
Amortization expense of deferred debt issuance costs		100,000
London Interbank Offered Rate (LIBOR)
Financing Activities and Borrowing Arrangements [Line Items]
Debt instrument, basis spread on variable rate	2.75%
Base Rate
Financing Activities and Borrowing Arrangements [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Value Lighting
Financing Activities and Borrowing Arrangements [Line Items]
Debt refinance amount		3,700,000
Value Lighting | Debt Instrument Due in Twenty Eighteen November Twenty Two
Financing Activities and Borrowing Arrangements [Line Items]
Lump sum payment		$ 1,400,000
Debt instrument maturity date		Nov. 22, 2018

Notes payable (Detail)

Notes payable (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Line of Credit Facility [Line Items]
Notes payable	$ 2,100	$ 2,100
Less: Notes payable - current	(1,886)	(1,796)
Notes payable - noncurrent	180	270
Value Lighting
Line of Credit Facility [Line Items]
Notes payable	$ 2,100	$ 2,100

Schedule of Changes in Common S

Schedule of Changes in Common Stock Outstanding (Detail) - Common Stock	3 Months Ended
	Mar. 31, 2018shares
Class of Stock [Line Items]
Beginning Balance	21,352,383
Shares issued for stock-based compensation	11,350
Ending Balance	22,363,733
RVL One Limited Liability Company
Class of Stock [Line Items]
Shares issued to RVL and affiliates	1,000,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Common stock issued during the period, value	$ 3,600
Common stock, outstanding	22,364,000	21,352,000
Preferred stock authorized to issue	5,000,000
Preferred stock, shares outstanding	0
Chief Executive Officer
Class of Stock [Line Items]
Common stock issued during the period	850,000
Chief Financial Officer
Class of Stock [Line Items]
Common stock issued during the period	150,000
Chief Executive Officer and Chief Financial Officer
Class of Stock [Line Items]
Common stock issued during the period, value	$ 3,600
Common stock, outstanding	9,670,386
Common stock share outstanding owned	43.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Taxes [Line Items]
U.S. federal statutory tax rate	21.00%
Percentage of TCJA limitations on net operating loss carryforwards to taxable income	80.00%
Maximum
Income Taxes [Line Items]
U.S. federal statutory tax rate			35.00%
Federal
Income Taxes [Line Items]
Net operating loss carryforwards	$ 60,600,000
Net operating loss carryforwards expiration period	carried forward for 20 years and are expected to be available to fully offset taxable income earned in future tax years.
Current income tax expense benefit	$ 0	$ 0
Deferred income tax expense benefit	0	$ 0
Federal and State
Income Taxes [Line Items]
Net operating loss carryforwards	$ 60,600,000

Computation of Basic and Dilute

Computation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Numerator:
Net loss	$ (2,190)	$ (4,955)	$ (53,907)
Denominator:
Weighted-average common shares (in thousands) - diluted	21,822	20,599
Basic and Diluted net loss per share	$ (0.10)	$ (0.24)

Loss Per Share - Additional Inf

Loss Per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contingent Consideration Cash Payments		$ 0.5
Potentially dilutive shares included in the computation of basic and diluted earnings per share		40,002
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive number of options outstanding	24,875	27,828
Average exercise price	$ 44.45	$ 44.76

Summary of Stock Option Activit

Summary of Stock Option Activity (Detail) - 2003 Plan - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Option, Beginning Balance	24,875
Number of Option, Ending Balance	24,875	24,875
Number of Option, Exercisable, March 31, 2018	24,875
Weighted Average Exercise Price, Beginning Balance	$ 44.45
Weighted Average Exercise Price, Ending Balance	44.45	$ 44.45
Weighted Average Exercise Price, Exercisable, March 31, 2018	$ 44.45
Weighted Average Contractual Life	2 years 2 months 30 days	2 years 6 months 25 days
Weighted Average Contractual Life, Exercisable, March 31, 2018	2 years 2 months 30 days

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	May 01, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, issued		22,364,000		21,352,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period		1 year 10 months 25 days
Unrecognized compensation expense		$ 400,000
Restricted shares vested, fair value			$ 200,000
Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period		1 year 9 months 18 days
Unrecognized compensation expense		$ 2,200,000
Restricted shares vested, fair value		$ 100,000
Stock awards vesting periods		3 years
Restricted Share Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares vested, fair value			$ 100,000
2003 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, issued		0
Options outstanding, intrinsic value		$ 0
2003 Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		$ 100,000
2003 Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period		1 year
2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, issued		1,600,000
2013 Plan | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future common stock issued	On May 1, 2018, our shareholders will vote on a fifth amendment to the 2013 Plan to increase the number of shares that may be issued under the Plan to 2,600,000.

Summary of Restricted Shares Ac

Summary of Restricted Shares Activity (Detail) - Restricted Stock	Mar. 31, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares
Number of Restricted Shares, Beginning Balance | shares	223,499
Number of Restricted Shares, Ending Balance | shares	223,499
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value Per Share, Beginning Balance | $ / shares	$ 6.46
Weighted Average Grant Date Fair Value Per Share, Ending Balance | $ / shares	$ 6.46

Summary of Restricted Share Uni

Summary of Restricted Share Units Activity (Detail) - Restricted Share Units	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares
Number of Restricted Shares, Beginning Balance | shares	242,684
Number of Restricted Shares, Shares Granted | shares	119,167
Number of Restricted Shares, Shares Vested | shares	(11,350)
Number of Restricted Shares, Shares Forfeited | shares	(3,334)
Number of Restricted Shares, Ending Balance | shares	347,167
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value Per Share, Beginning Balance | $ / shares	$ 7.17
Weighted Average Grant Date Fair Value Per Share, Shares Granted | $ / shares	4.25
Weighted Average Grant Date Fair Value Per Share, Shares Vested | $ / shares	5.12
Weighted Average Grant Date Fair Value Per Share, Shares Forfeited | $ / shares	6.35
Weighted Average Grant Date Fair Value Per Share, Ending Balance | $ / shares	$ 4.82

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	Jan. 05, 2017USD ($)ExecutiveOfficers	May 12, 2016shares	Mar. 31, 2018USD ($)shares	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Related Party Transaction [Line Items]
Guaranteed borrowing capacity			$ 10,000,000
Common stock issued during the period, value			3,600,000
Related party notes payable			$ 1,200,000		$ 1,000,000
Chief Executive Officer
Related Party Transaction [Line Items]
Common stock issued during the period | shares			850,000
Chief Financial Officer
Related Party Transaction [Line Items]
Common stock issued during the period | shares			150,000
Chief Executive Officer and Chief Financial Officer
Related Party Transaction [Line Items]
Common stock issued during the period, value			$ 3,600,000
Aston Capital Limited Liability Company
Related Party Transaction [Line Items]
Interest rate of debt			9.00%	9.00%
Related party notes payable			$ 200,000	$ 1,500,000
Amount due to related party			1,200,000	1,000,000
Number of new executives | ExecutiveOfficers	2
Executive compensation cost	$ 0
Annual payment for underlying lease			100,000	100,000
Aston Capital Limited Liability Company | Restricted Stock
Related Party Transaction [Line Items]
Number of shares authorized for grant | shares		250,000
Stock awards vesting periods		3 years
Aston Capital Limited Liability Company | Promissory Notes
Related Party Transaction [Line Items]
Debt instrument amount			$ 11,700,000	$ 11,700,000
Interest rate of debt			9.00%	9.00%
Debt instrument maturity date			Apr. 1, 2019
Accrued interest			$ 400,000		$ 100,000
Interest Expenses			$ 300,000
Aston Capital Limited Liability Company | Promissory Notes | Maximum
Related Party Transaction [Line Items]
Interest Expenses				$ 100,000

Restructuring Activities - Addi

Restructuring Activities - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Accrued restructuring costs	[1]	$ 1.4	$ 1.8
Reduction in liability		$ (1.4)
Restructuring Plan 2017
Restructuring Cost and Reserve [Line Items]
Description of restructuring activities		We (i) consolidated the operations of three divisions into one, (ii) consolidated sales, purchasing, bidding and proposal and accounting functions, (iii) expanded and refocused our marketing resources, including changes to key management positions at certain divisions, and (iii) exited certain product lines and related operations, including the eliminations of a number of warehouse locations.
[1]	See Note 14 for additional information regarding restructuring activities.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Mar. 31, 2018USD ($)
Maximum
Commitments and Contingencies Disclosure [Line Items]
Payment required under certain channel distribution agreement upon revenue target achieved	$ 0.5