XML 27 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Revolving Credit Agreement (Details Textual) (USD $)
12 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 20, 2012
Sep. 30, 2012
Jan. 31, 2012
May 31, 2011
Sep. 30, 2012
Second amended credit agreement [Member]
Sep. 28, 2012
Second amended credit agreement [Member]
Dec. 31, 2011
Second amended credit agreement [Member]
Sep. 30, 2012
Third amended credit agreement [Member]
Dec. 31, 2012
Third amended credit agreement [Member]
Sep. 28, 2012
Third amended credit agreement [Member]
Mar. 14, 2013
Subsequent Event [Member]
Mar. 11, 2013
Subsequent Event [Member]
Dec. 31, 2012
Subsequent Event [Member]
Dec. 31, 2012
Base rate loan [Member]
Dec. 31, 2012
LIBOR rate [Member]
Dec. 31, 2012
Eurodollar Loan [Member]
Dec. 31, 2012
Maximum [Member]
Dec. 20, 2012
Maximum [Member]
Feb. 28, 2012
Maximum [Member]
Dec. 31, 2011
Maximum [Member]
Second amended credit agreement [Member]
Sep. 28, 2012
Maximum [Member]
Third amended credit agreement [Member]
Dec. 31, 2012
Maximum [Member]
Base rate loan [Member]
Dec. 31, 2012
Maximum [Member]
Eurodollar Loan [Member]
Dec. 31, 2012
Minimum [Member]
Dec. 20, 2012
Minimum [Member]
Feb. 28, 2012
Minimum [Member]
Dec. 31, 2011
Minimum [Member]
Second amended credit agreement [Member]
Sep. 28, 2012
Minimum [Member]
Third amended credit agreement [Member]
Dec. 31, 2012
Minimum [Member]
Base rate loan [Member]
Dec. 31, 2012
Minimum [Member]
Eurodollar Loan [Member]
Revolving Credit Agreement (Textual) [Abstract]                                                                  
Additional borrowings for working capital requirements $ 150,000,000         $ 10,000,000                   $ 30,000,000                                  
Senior secured revolving credit maximum facility                 400,000,000       500,000,000   255,000,000                                    
Conforming borrowing base 220,000,000     180,000,000                 165,000,000                                        
Borrowings under the credit agreement                                             400,000,000             125,000,000      
Borrowing base 255,000,000                                       215,000,000 125,000,000   200,000,000       200,000,000 100,000,000   125,000,000    
Borrowings interest rate                                   1.00%                              
Additional interest rate                                                 2.25% 3.25%           0.75% 1.75%
Credit facility fee                                       0.50%             0.375%            
Repay deficit in agreement Period 6 months                                                                
Borrowings interest rate description                                 If the Company borrows funds as a base rate loan, such borrowings will bear interest at a rate equal to the higher of (i) the prime rate for such day or (ii) the Federal Funds Effective Rate on such day, plus 0.50% or (iii) the daily adjusting LIBOR rate plus 1.0% plus, in each case, an amount from 0.75% to 2.25% of such outstanding loan depending on the level of borrowings under the Credit Agreement   If the Company borrows funds as a Eurodollar loan, such borrowings will bear interest at a rate equal to (i) the quotient obtained by dividing (A) the LIBOR rate by (B) a percentage equal to 100% minus the maximum rate during such interest calculation period at which RBC is required to maintain reserves on Eurocurrency Liabilities (as defined in Regulation D of the Board of Governors of the Federal Reserve System) plus (ii) an amount from 1.75% to 3.25% of such outstanding loan depending on the level of borrowings under the Credit Agreement.                            
Net cash proceeds from secondary public offering 146,510,000 592,000 20,652,000               25,000,000                                            
Conforming borrowing base description                       The borrowing base will automatically be reduced to an amount equal to the conforming borrowing base on the earlier of (i) December 31, 2013 or (ii) the closing of a secondary public offering of equity interests by the Company that results in net cash proceeds to the Company in an amount greater than or equal to $25 million.                                          
Conforming borrowing base date                       Dec. 31, 2013                                          
Company amended and restated its senior secured revolving credit agreement               2012-9-28                                                  
Borrowed under credit agreement 150,000,000         123,000,000 25,000,000     113,000,000           180,000,000                                  
Additional deferred loan cost 100,000       800,000                 300,000                                      
Deferred Loan fees 800,000                                                                
Deferred Loan Costs 1,600,000                                                                
Outstanding letters of credit 1,100,000                         1,300,000   1,300,000                                  
Available for additional borrowings $ 63,900,000                             $ 73,700,000                                  
Outstanding borrowings bore interest effective rate 3.30%                                                                
Revolving Credit Agreement (Additional Textual) [Abstract]                                                                  
Credit Agreement, maturity date Dec. 29, 2016                                                                
The borrowing base under the Credit Agreement determined semi-annually                                                                
Percentage of reserves required to maintain 100.00%                                                                
Total debt outstanding to EBITDA 4.0                                                                
Current ratio 1.0                                                                
Federal Funds Effective Plus Rate 0.50%