Banking Facilities and Debt (Tables)

6 Months Ended

Jun. 30, 2013

Banking Facilities and Debt

Summary of outstanding debt

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

	June 30,		December 31,
	2013 (1)		2012
Term Loan	$	15,833	$	16,667
Draw Term Loan	9,584		10,000
Revolving Facility (2)	—		—
Subtotal	25,417		26,667
Less current installments	6,250		5,000
Debt, excluding current installments	$	19,167	$	21,667

(1) Because June 30, 2013 was not a business day, the second quarter 2013 $1,250 repayment on term loan debt was made on July 1, 2013.

(2) The Company had letters of credit totaling $637 issued on the Revolving Facility at both June 30, 2013 and December 31, 2012.