Note 15 - Interest Rate Fluctuations

9 Months Ended

Sep. 30, 2011

Concentration Risk Disclosure [Text Block]

15.  Interest Rate Fluctuations

The Company is exposed to market risk related to the variable interest rate on its lines of credit, both in its United States subsidiaries (i.e., the Domestic Merchandising Services Division) and in its International (non-U.S.) subsidiaries (i.e., the International Merchandising Services Division). At September 30, 2011, the Company's outstanding lines of credit and other debt totaled approximately $4.4 million, as noted in the table below (in thousands):

Location	Variable Interest Rate (1)		US Dollars (2)
United States		4.75%	$	3,782
International		0.1% -10.24%		612
			$	4,394

(1) Based on interest rate at September 30, 2011.

(2) Based on exchange rate at September 30, 2011.

Based on the 2011 average outstanding borrowings under variable-rate debt, a one-percentage point increase in interest rates would negatively impact pre-tax earnings and cash flows for the nine months ended September 30, 2011 by approximately $23,000.