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Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
The Company’s revolving unsecured credit facility was set to mature on August 3, 2016.  On July 29, 2016, the Company amended its credit facility to, among other things, extend the existing stated maturity thereof from August 3, 2016 to September 29, 2016, reduce the aggregate revolving commitments thereunder from $25,000,000 to $15,000,000 and make future draws on the revolver during the extension period subject to the sole discretion of the lenders thereunder. In connection with the amendment, the Company repaid all outstanding amounts under the credit facility from cash on hand. The amendment provides a short-term extension to permit the Company additional time to negotiate the terms of a longer term renewal of the Credit Agreement.  The Company may choose not to permanently extend the facility if favorable terms are not agreed with the financial institutions.
The Company has evaluated events that have occurred after the balance sheet date but before the financial statements are issued and has determined that there were no additional subsequent events requiring adjustment or disclosure in the condensed consolidated financial statements.