Banking Facilities and Debt (Tables)

6 Months Ended

Jun. 30, 2014

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,
	2014		2013
Term Loan	$	11,667	$	13,334
Draw Term Loan	7,500		8,333
Revolving Facility (1)	—		—
Subtotal	19,167		21,667
Less current installments	5,000		5,000
Debt, excluding current installments	$	14,167	$	16,667

(1) The Company had letters of credit totaling $0.7 million issued on the Revolving Facility at both June 30, 2014 and December 31, 2013.