XML 72 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
LONG-TERM DEBT (Details) (USD $)
1 Months Ended 12 Months Ended
Jan. 31, 2012
Dec. 31, 2012
acre
Dec. 31, 2011
Long-Term Debt      
Long-term debt   $ 49,268,000 $ 45,521,000
Less current portion   4,068,000  
Long-term debt   45,200,000 45,521,000
Minimum
     
Long-Term Debt      
Required liquidity under financial covenants   4,000,000  
Maximum
     
Long-Term Debt      
Required total liabilities under financial covenants   175,000,000  
Wells Fargo revolving loans
     
Long-Term Debt      
Long-term debt   25,200,000 21,100,000
Interest rate (as a percent)   4.05% 4.12%
Maximum borrowing capacity   34,500,000  
Variable rate basis   LIBOR  
Interest rate margin (as a percent)   3.80%  
Area of the company's real estate pledged as collateral (in acres)   880  
Available borrowing capacity   8,800,000  
Irrevocable letters of credit   500,000  
Wells Fargo revolving loans | Minimum
     
Long-Term Debt      
Required liquidity under financial covenants   4,000,000  
Wells Fargo revolving loans | Maximum
     
Long-Term Debt      
Required total liabilities under financial covenants   175,000,000  
American AgCredit term loan, 5.25%
     
Long-Term Debt      
Long-term debt   24,068,000 24,421,000
Interest rate (as a percent)   5.25% 5.25%
Variable rate basis   30-day LIBOR  
Interest rate margin (as a percent)   4.25%  
Area of the company's real estate pledged as collateral (in acres)   3,100  
Interest rate, variable interest rate floor (as a percent)   1.00%  
Mandatory principal repayment   4,100,000  
Mandatory principal prepayment as percentage of the net proceeds of the sale of any real property pledged as collateral   100.00%  
Repayment of principal 353,000    
Sale of non-collateralized real estate parcel 1,500,000    
American AgCredit term loan, 5.25% | Minimum
     
Long-Term Debt      
Required liquidity under financial covenants   4,000,000  
Mandatory principal prepayment as percentage of the net proceeds of the sale of non collateralized real property   10.00%  
American AgCredit term loan, 5.25% | Maximum
     
Long-Term Debt      
Required total liabilities under financial covenants   $ 175,000,000  
Applicable spread after tiered reduction (as a percent)   0.0375  
Mandatory principal prepayment as percentage of the net proceeds of the sale of non collateralized real property   75.00%