Long-Term Debt

6 Months Ended

Jun. 30, 2012

Long-Term Debt [Abstract]

Long-term debt

Note 6 – Long-term debt:

	December 31, 2011		June 30, 2012
	(In thousands)
Revolving bank credit facility	$	1,955	$	1,946
Promissory note payable to affiliate		22,230		20,980
Total debt		24,185		22,926
Less current maturities		1,000		1,000
Total long-term debt	$	23,185	$	21,926

We repaid an aggregate of $1.25 million on the promissory note payable to affiliate during the first six months of 2012, including a principal prepayment of $1.0 million. The average interest rate on the promissory note payable to affiliate as of and for the six-month period ended June 30, 2012 was 1.5%. The average interest rate on the revolving bank credit facility for the six month period ended June 30, 2012 was 3.8% and at June 30, 2012 the rate was 3.4%.