Subsequent Events

12 Months Ended

Dec. 31, 2012

Subsequent Events [Abstract]

Subsequent Events

9.Subsequent Event

The Company entered into an $8.0 million revolving credit facility ("Facility") in February 2013 with Union Bank NA.  The Company may use the Facility as a source to finance capital expenditures, acquisitions, stockholder buybacks, and other general corporate purposes.

Borrowings under the Facility will bear interest at either the bank's Reference Rate (prime rate) minus 0.50% or the London Interbank Offering Rate (LIBOR) plus 1.50%, at the option of the Company.  The Company also pays a commitment fee on the unused facility of 0.10% payable quarterly in arrears.  The facility has not been drawn against as of February 28, 2013.

The Facility contains certain customary representations and warranties, affirmative and negative covenants and restrictive and financial covenants, including that the Company maintain a minimum consolidated net liquidity, profitability, EBITDA and tangible net worth, with which the Company was in compliance with as of February 28, 2013.  Borrowings under the Facility are secured by a first priority security interest on the Company's accounts receivable and proceeds thereof.  The Facility matures in February 2015.