Revolving Credit Facility

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Revolving Credit Facility

5. Revolving Credit Facility

We have a $125 million revolving credit facility (the “Facility”), which may be increased to $150 million based on the terms and subject to the conditions set forth in the agreement relating to the Facility (the “Credit Agreement”). The Facility matures in February 2020.  The Facility contains both affirmative and negative covenants, which we believe are customary for arrangements of this nature.  At March 31, 2015, we were in compliance with all financial covenants under the Credit Agreement and had not drawn on the Facility. As of March 31, 2015, we had an outstanding $0.6 million letter of credit issued under the Facility.