Debt	9 Months Ended
Sep. 30, 2011
Notes to Financial Statements
Debt	10. Debt The Company has a secured revolving credit facility with Silicon Valley Bank (SVB) with maximum borrowing availability of $5,000 (subject to a borrowing base) and a maturity date of December 31, 2012. On June 22, 2011, the Company and SVB amended the related loan and security agreement by entering into the second amendment thereto, pursuant to which the Company’s revolving credit facility was amended as follows: · calculation of the “borrowing base” was adjusted by increasing the “eligible inventory” threshold to $1,000 from $500 within the definition of “borrowing base” and clause (i) of the definition of “eligible accounts”, which relates to accounts owing from an account debtor which is a United States government entity or any department, agency or instrumentality thereof, was amended to, among other things, increase the threshold to $2,000 from $1,500; and · the required “adjusted quick ratio” was reduced to 1.00 to 1.0. Prior to the amendment the required quick ratio was 1.75 to 1.0. Under the second amendment, SVB waived any “event of default” that may have existed by reason of the loans, advances and other extensions of credit made to the Company exceeding the “borrowing base” at any time during the period from January 1, 2011 through the date of the second amendment. The Company continues to be subject to substantially the same customary borrowing terms and conditions under the revolving credit facility as it was prior to the second amendment, including the accuracy of representations and warranties, compliance with financial maintenance and restrictive covenants and the absence of events of default. As of September 30, 2011, the Company was in compliance with all covenants under the loan and security agreement, as amended. For a description of such covenants and the other terms and conditions of the loan and security agreement, as amended by the second amendment, reference is made to Note 6 (Debt) of the Company’s Consolidated Financial Statements included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and the second amendment to the loan and security agreement, a copy of which is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated June 22, 2011, and is incorporated herein by reference. Borrowings outstanding under the revolving credit facility as of September 30, 2011 totaled $1,800. As of September 30, 2011 there was approximately $1,374 of additional borrowing available under the credit facility.

Debt

9 Months Ended

Sep. 30, 2011

10. Debt

The Company has a secured revolving credit facility with Silicon Valley Bank (SVB) with maximum borrowing availability of $5,000 (subject to a borrowing base) and a maturity date of December 31, 2012. On June 22, 2011, the Company and SVB amended the related loan and security agreement by entering into the second amendment thereto, pursuant to which the Company’s revolving credit facility was amended as follows:

· calculation of the “borrowing base” was adjusted by increasing the “eligible inventory” threshold to $1,000 from $500 within the definition of “borrowing base” and clause (i) of the definition of “eligible accounts”, which relates to accounts owing from an account debtor which is a United States government entity or any department, agency or instrumentality thereof, was amended to, among other things, increase the threshold to $2,000 from $1,500; and

· the required “adjusted quick ratio” was reduced to 1.00 to 1.0. Prior to the amendment the required quick ratio was 1.75 to 1.0.

Under the second amendment, SVB waived any “event of default” that may have existed by reason of the loans, advances and other extensions of credit made to the Company exceeding the “borrowing base” at any time during the period from January 1, 2011 through the date of the second amendment.

The Company continues to be subject to substantially the same customary borrowing terms and conditions under the revolving credit facility as it was prior to the second amendment, including the accuracy of representations and warranties, compliance with financial maintenance and restrictive covenants and the absence of events of default.

As of September 30, 2011, the Company was in compliance with all covenants under the loan and security agreement, as amended. For a description of such covenants and the other terms and conditions of the loan and security agreement, as amended by the second amendment, reference is made to Note 6 (Debt) of the Company’s Consolidated Financial Statements included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and the second amendment to the loan and security agreement, a copy of which is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated June 22, 2011, and is incorporated herein by reference.

Borrowings outstanding under the revolving credit facility as of September 30, 2011 totaled $1,800. As of September 30, 2011 there was approximately $1,374 of additional borrowing available under the credit facility.