Line of Credit	3 Months Ended
Mar. 31, 2015
Line of Credit
Line of Credit	Note 10 - Line of Credit On December 31, 2014, the Company entered into an amendment to its $75,000,000 credit facility with Manufacturers & Traders Trust Company, VNB New York, LLC, Bank Leumi USA and Israel Discount Bank of New York, which, among other things, extended the facility’s maturity to December 31, 2018 from March 31, 2015, decreased the minimum required average bank deposit balances to $3 million and eliminated the 4.75% interest rate floor. Under the amendment, the interest rate equals the one month LIBOR rate plus an applicable margin which ranges from 175 basis points to 300 basis points depending on the ratio of the Company’s total debt to total value, as determined pursuant to the facility. An unused facility fee of .25% per annum applies to the facility. The interest rate on the facility in the first quarter of 2015 was approximately 1.92%. Prior to the amendment, the interest rate was 4.75% per annum. In connection with the amendment, the Company incurred a $562,500 commitment fee which will be amortized over the remaining term of the facility. At March 31, 2015 and May 4, 2015, there were outstanding balances of $28,250,000 and $24,250,000, respectively, under the facility. The Company was in compliance with all covenants at March 31, 2015.

Line of Credit

3 Months Ended

Mar. 31, 2015

Note 10 - Line of Credit

On December 31, 2014, the Company entered into an amendment to its $75,000,000 credit facility with Manufacturers & Traders Trust Company, VNB New York, LLC, Bank Leumi USA and Israel Discount Bank of New York, which, among other things, extended the facility’s maturity to December 31, 2018 from March 31, 2015, decreased the minimum required average bank deposit balances to $3 million and eliminated the 4.75% interest rate floor. Under the amendment, the interest rate equals the one month LIBOR rate plus an applicable margin which ranges from 175 basis points to 300 basis points depending on the ratio of the Company’s total debt to total value, as determined pursuant to the facility. An unused facility fee of .25% per annum applies to the facility. The interest rate on the facility in the first quarter of 2015 was approximately 1.92%. Prior to the amendment, the interest rate was 4.75% per annum. In connection with the amendment, the Company incurred a $562,500 commitment fee which will be amortized over the remaining term of the facility. At March 31, 2015 and May 4, 2015, there were outstanding balances of $28,250,000 and $24,250,000, respectively, under the facility. The Company was in compliance with all covenants at March 31, 2015.