XML 41 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTES PAYABLE AND CREDIT AGREEMENT (Tables)
 9 Months Ended
Sep. 30, 2013
Debt Disclosure [Abstract]  
Summary of Credit Agreement and Notes Payable

Amounts outstanding under the Credit Agreement and notes payable as of September 30, 2013 and December 31, 2012 consisted of the following ($ in thousands):

 

     2013     2012  

Credit Agreement average effective interest rate of 2.9% inclusive of unused fee

    $ 14,150      $ 17,400   

Various notes payable with $575 plus accrued interest due in the next year interest accrues at 3.25% per annum

      975        634   
  

 

 

    

 

 

  
     15,125        18,034   

Less current portion

      (575 )      (459 ) 
  

 

 

    

 

 

  
   $ 14,550      $ 17,575   
  

 

 

    

 

 

  
Summary of Aggregate Annual Payments of Principal Required to Revolving Credit Facility

Aggregate annual payments of principal required pursuant to the Credit Agreement and the above notes payable subsequent to September 30, 2013 are as follows (in thousands):

 

During the twelve months ended September 30, 2014

    $ 575   

During the twelve months ended September 30, 2015

      14,550   

During the twelve months ended September 30, 2016

      —     
  

 

 

  
   $ 15,125