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Note Payable to Financial Institution
 12 Months Ended
Dec. 31, 2012
Note Payable To Financial Institution [Abstract]  
NOTE PAYABLE TO FINANCIAL INSTITUTION
5. NOTE PAYABLE TO FINANCIAL INSTITUTION:

On October 24, 2012, the Company entered into the Amended Credit Agreement, which amends, supersedes and restates the Credit Agreement dated May 31, 2007, and provides for a revolving loan, swing line loan and letters of credit in the aggregate amount of up to $165 million. In addition, the Amended Credit Agreement reflects reductions in the interest rates charged on outstanding balances and a reduction in the number of financial covenants. The Amended Credit Agreement bears interest at rates related to LIBOR plus 1.75% to 2.75%, or the lending institution’s prime rate plus 0.75% to 1.75%. The Amended Credit Agreement expires on October 24, 2017.

At December 31, 2012, $47.5 million was outstanding under the Amended Credit Agreement. We were able to borrow at LIBOR plus 2.0% at December 31, 2012. At December 31, 2012 we had $90.8 million available under the Amended Credit Agreement while remaining in compliance with the Company’s financial covenants, net of outstanding letters of credit. The Amended Credit Agreement bears interest at a weighted average rate of 2.31% at December 31, 2012.

At December 31, 2011, the Company had a $125.0 million Credit Agreement, under which $62.0 million was outstanding. The Credit Agreement bore interest at a weighted average rate of 3.03% at December 31, 2011. We were able to borrow at LIBOR plus 2.5% at December 31, 2011.