One-time charge
From press release Nov. 1st, 7:25 PM:
As a result of repaying and terminating the existing term loan, the Company will incur an early repayment penalty and will write-off the remaining unamortized deferred financing costs. The Company expects to recognize a one-time before tax charge of $8.2 million in the fourth quarter of 2017.
$8.2 million is about the total net income expected for the fourth quarter. We shall see if optimisim for future growth outweighs the hit to the bottom line. The size of the financing and the increase of the revolving credit faciltiy from $20M to $110M speaks to confidence in the company, which I share. Short term SP pain might be in the offing though.