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Debt
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Debt

 

11. Debt

The Company has a secured revolving credit facility with Silicon Valley Bank with maximum borrowing availability of $5,000 (subject to a borrowing base) and a maturity date of December 31, 2012. As of March 31, 2012, the Company was in compliance with all covenants under the loan and security agreement, as amended, governing this revolving credit facility. For a description of such covenants and the other terms and conditions of the loan and security agreement, as amended, 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, 2011. As of March 31, 2012, there were no borrowings outstanding under the revolving credit facility and there was approximately $2,623 of borrowing available under the revolving credit facility.