Debt	12 Months Ended
Mar. 31, 2012
Debt [Abstract]
DEBT	NOTE 3 — DEBT *Description.* Transcat, through its credit agreement (the “Credit Agreement”), which matures in January 2014, has a revolving credit facility in the amount of $15.0 million (the “Revolving Credit Facility”). As of March 31, 2012, $15.0 million was available under the Credit Agreement, of which $3.4 million was outstanding and included in long-term debt on the Consolidated Balance Sheet. *Interest and Other Costs.* Interest on the Revolving Credit Facility accrues, at Transcat’s election, at either a base rate (the “Base Rate”), as defined in the Credit Agreement, or the London Interbank Offered Rate (“LIBOR”), in each case, plus a margin. Commitment fees accrue based on the average daily amount of unused credit available on the Revolving Credit Facility. Interest and commitment fees are adjusted on a quarterly basis based upon the Company’s calculated leverage ratio, as defined in the Credit Agreement. The Base Rate and the LIBOR rate as of March 31, 2012 were 3.3% and 0.2%, respectively. The Company’s interest rate for fiscal year 2012 ranged from 1.1% to 3.3%. *Covenants.* The Credit Agreement has certain covenants with which the Company has to comply, including a fixed charge ratio covenant and a leverage ratio covenant. The Company was in compliance with all loan covenants and requirements throughout fiscal year 2012. *Other Terms.* The Company has pledged all of its U.S. tangible and intangible personal property and a majority of the common stock of Transmation (Canada) Inc. as collateral security for the loans made under the Revolving Credit Facility.

Debt

12 Months Ended

Mar. 31, 2012

NOTE 3 — DEBT

Description. Transcat, through its credit agreement (the “Credit Agreement”), which matures in January 2014, has a revolving credit facility in the amount of $15.0 million (the “Revolving Credit Facility”). As of March 31, 2012, $15.0 million was available under the Credit Agreement, of which $3.4 million was outstanding and included in long-term debt on the Consolidated Balance Sheet.

Interest and Other Costs. Interest on the Revolving Credit Facility accrues, at Transcat’s election, at either a base rate (the “Base Rate”), as defined in the Credit Agreement, or the London Interbank Offered Rate (“LIBOR”), in each case, plus a margin. Commitment fees accrue based on the average daily amount of unused credit available on the Revolving Credit Facility. Interest and commitment fees are adjusted on a quarterly basis based upon the Company’s calculated leverage ratio, as defined in the Credit Agreement. The Base Rate and the LIBOR rate as of March 31, 2012 were 3.3% and 0.2%, respectively. The Company’s interest rate for fiscal year 2012 ranged from 1.1% to 3.3%.

Covenants. The Credit Agreement has certain covenants with which the Company has to comply, including a fixed charge ratio covenant and a leverage ratio covenant. The Company was in compliance with all loan covenants and requirements throughout fiscal year 2012.

Other Terms. The Company has pledged all of its U.S. tangible and intangible personal property and a majority of the common stock of Transmation (Canada) Inc. as collateral security for the loans made under the Revolving Credit Facility.