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Senior Loan Agreement
3 Months Ended
Mar. 30, 2013
Senior Loan Agreement  
Senior Loan Agreement

10. Senior Loan Agreement

        As of March 30, 2013, the Company was party to a senior loan agreement with RBS Citizens, N.A for a $60.0 million revolving line of credit that provided CRA with the additional flexibility to meet any unforeseen financial requirements. On March 11, 2013, the Company entered into an amendment of the senior loan agreement, which extended the termination date of the agreement from April 30, 2014 to April 30, 2016. The amount available under this revolving line of credit was reduced by certain letters of credit outstanding, which amounted to $0.4 million as of March 30, 2013. There was no amount outstanding under this revolving line of credit as of March 30, 2013. Under the senior loan agreement, the Company was obligated to comply with various financial and non-financial covenants. As of March 30, 2013, the Company was in compliance with the senior loan agreement.

        Subsequent to March 30, 2013, the Company made borrowings under the revolving line of credit of approximately $15.0 million and, on April 24, 2013, the Company entered into a new credit agreement as discussed further at Note 15.