8.	CREDIT FACILITY AND INTEREST RATE SWAPS

On December 5, 2011, the Company executed an amended and restated credit agreement with a group of lenders that provides for a $100,000 unsecured revolving credit facility with an expansion feature, subject to certain conditions, to increase the facility to $180,000 (the "Credit Facility"). The Credit Facility replaced the $200,000 facility that was expiring in October 2012. The Company borrowed $30,000 million against the Credit Facility during 2011 which was used to repay amounts outstanding under the old facility. As of December 31, 2011, the Company had $30,000 in borrowings outstanding under the Credit Facility at a weighted average interest rate of 1.26%.

The Credit Facility provides for interest at either a floating rate, which will be a base rate, or a Eurocurrency rate equal to LIBOR for the relevant term, plus an applicable margin. The base rate will be the higher of the lender's base rate or one-half of one percent above the Federal Funds Rate. The Credit Facility is also subject to an unused fee payable quarterly. The unused fee is subject to adjustment based on the Company's consolidated leverage ratio and ranges from 0.25-0.45% per year. During 2011, 2010 and 2009, the Company incurred $417, $87 and $0 in interest, respectively, and $279, $294 and $304 in an unused line fee, respectively. Interest payments and unused line fees are classified within interest (expense) income, net in the accompanying consolidated statements of operations.

The Credit Facility contains financial and other covenants, including a maximum leverage ratio, a minimum fixed charge ratio and a minimum consolidated earnings before interest, taxes, depreciation and amortization, and includes limitations on, among other things, liens, capital expenditures, certain acquisitions, consolidations and sales of assets. As of December 31, 2011, the Company was in compliance with all covenants contained in the Credit Facility.

At December 31, 2011, the Company had $1,097 of unamortized debt issuance costs associated with the Credit Facility, of which $991 were incurred in December 2011 for amending the Credit Facility. These costs are being amortized over the remaining term of the Credit Facility. The amount of unused Credit Facility at December 31, 2011 was $70,000. The Credit Facility can be drawn upon through December 5, 2016, at which time all amounts must be repaid.

The Company uses interest rate swaps, a type of derivative financial instrument, to manage interest costs and minimize the effects of interest rate fluctuations on cash flows associated with its variable-rate debt. The Company does not use interest rate derivatives for trading or speculative purposes. While interest rate swaps are subject to fluctuations in value, these fluctuations are generally offset by the value of the underlying exposures being hedged. The Company minimizes the risk of credit loss by entering into these agreements with financial institutions that have high credit ratings.

In November 2010, the Company entered into two separate $10,000 notional value floating to fixed interest rate swap agreements ("Swaps") that mature on August 3, 2012 and September 28, 2012, respectively. Under the Swaps, the Company receives interest equivalent to the three-month LIBOR and pays a fixed rate of interest of 0.75%, with settlements occurring quarterly. The objective of the hedges is to eliminate the variability of cash flows in interest payments for $20,000 of floating rate debt. The Swaps' estimated fair value was a liability of $22 and $44 as of December 31, 2011 and 2010, respectively. The corresponding change in fair value is included in accumulated other comprehensive loss in the accompanying consolidated balance sheets. There were no amounts of cash flow hedge ineffectiveness recorded during 2011 or 2010. The Company expects a liability of $22 to be reclassified into earnings within the next 12 months as both Swaps mature in 2012. In January 2012, we entered into a third $10,000 notional value interest rate swap for the amended and restated credit agreement.