Banking Facilities and Debt (Tables)

3 Months Ended

Mar. 31, 2013

Banking Facilities and Debt

Summary of outstanding debt

A summary of outstanding debt at the dates indicated is as follows (in thousands):

	March 31,		December 31,
	2013 (1)		2012
Term Loan	$	16,667	$	16,667
Draw Term Loan	10,000		10,000
Revolving Facility (2)	—		—
Subtotal	26,667		26,667
Less current installments	6,250		5,000
Debt, excluding current installments	$	20,417	$	21,667

(1) Because March 31, 2013 was not a business day, the first quarter 2013 $1.25 million repayment on term loan debt was made on April 1, 2013.

(2) The Company had letters of credit totaling $637 issued on the Revolving Facility at both March 31, 2013 and December 31, 2012.