XML 33 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Long Term Debt (Tables)
 6 Months Ended
Jun. 30, 2013
Long Term Debt [Abstract]  
Long-term Debt Instruments
Long-term debt consists of the following at June 30, 2013 and December 31, 2012:

(Amounts in Thousands)
 
June 30,
2013
  
December
31, 2012
 
Revolving Credit facility dated October 31, 2011, borrowings based upon eligible accounts receivable, subject to monthly borrowing base calculation, variable interest paid monthly at our option of prime rate (3.25% at June 30, 2013) plus 2.0% or London Interbank Offer Rate ("LIBOR") plus 3.0%, balance due October 31, 2016.  Effective interestrate for first six months of 2013 was 3.30%. (1)
 
$
1,671
  
$
—
 
Term Loan dated October 31, 2011, payable in equal monthly installments of principal of $190, balance due in October 31, 2016, variable interest paid monthly at option of prime rate plus 2.5% or LIBOR plus 3.5%.  Effectiveinterest rate for first six months of 2013 was 4.06%. (1)
  
12,381
   
13,524
 
Promissory Note dated September 28, 2010, payable in 36 monthly equal installments of $40, which includes interest and principal, beginning October 15, 2010, interest accrues at annual rate of 6.0%. (2)
  
119
   
352
 
Promissory Note dated February 12, 2013, payable in monthly installments of $10, which includes interest and principal, starting February 28, 2013, interest accrues at annual rate of 6.0%, balance due January 31, 2015. (2)
  
184
   
—
 
Various capital lease and promissory note obligations, payable 2013 to 2014, interest at rates ranging from 5.2% to 8.0%.
  
116
   
391
 
 
  
14,471
   
14,267
 
Less current portion of long-term debt
  
2,568
   
2,794
 
Less long-term debt related to assets held for sale
  
53
   
71
 
 
 
$
11,850
  
$
11,402
 
 
(1)  Our Revolving Credit facility is collateralized by our accounts receivable and our Term Loan is collateralized by our property, plant, and equipment.
 
(2)  Uncollateralized note.