FINANCING ARRANGEMENTS	6 Months Ended
FINANCING ARRANGEMENTS	Jun. 30, 2014
FINANCING ARRANGEMENTS
FINANCING ARRANGEMENTS	NOTE 3. FINANCING ARRANGEMENTS We have a credit agreement with Wells Fargo Bank (WFB) which was most recently amended on May 16, 2014 and provides for a line of credit arrangement of $13.5 million that expires, if not renewed, on May 31, 2018. The credit arrangement also has a $1.8 million real estate term note outstanding with a maturity date of March 31, 2027, an additional $1.7 million real estate term note outstanding that is due, if not renewed, on December 31, 2027, an equipment loan for $1.6 million and a new term loan facility of up to $1.0 million for capital expenditures, both with maturity dates of May 31, 2018. As of June 30, 2014, we have not borrowed against the $1.0 million capital term note. Under the credit agreement, both the line of credit and real estate term notes are subject to variations in the LIBOR rate. Our line of credit bears interest at three-month LIBOR + 2.5% (approximately 2.75% at June 30, 2014) while our real estate term notes bear interest at three-month LIBOR + 3.0% (approximately 3.25% at June 30, 2014). The weighted-average interest rate on our line of credit was 2.9% for the three and six months ended June 30, 2014. The weighted-average rate on our real estate term notes was 3.6% and 3.4% for the three and six months ended June 30, 2014, respectively. At December 31, 2013, we had borrowing on our line of credit of $7,234,983, included in current debt on the balance sheet. At June 30, 2014 we had borrowings on our line of credit of $7,166,396. We have reclassified to long term on our balance sheet at June 30, 2014 because we have the ability and intent to refinance the debt on a long term basis. The line of credit requires a lock box arrangement; however there are no acceleration clauses that would accelerate the maturity of our outstanding borrowings. The credit agreement contains certain covenants which, among other things, require us to adhere to regular reporting requirements, abide by annual shareholder dividend limitations, maintain certain financial performance, and limit the amount of annual capital expenditures. The availability under the line is subject to borrowing base requirements, and advances are at the discretion of the lender. At June 30, 2014, we have net unused availability under our line of credit of approximately $4.2 million. The line is secured by substantially all of our assets.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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