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Subsequent Events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events

14. Subsequent Events

On April 5, 2012, Basic entered into an amendment to its existing secured revolving credit facility that, among other things, increased the available credit thereunder from $225.0 million to $250.0 million. Additionally, certain covenants were changed, increasing the allowable amount of capital expenditures by the Company, assuming certain financial ratios are met.

In April 2012, Basic purchased approximately 22 acres of land for approximately $215,000 from Darle Vuelta Cattle Co., LLC, an affiliate of the Chief Executive Officer.