Banking Facilities and Debt (Tables)

9 Months Ended

Sep. 30, 2014

Banking Facilities and Debt

Summary of outstanding debt

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

	September 30,		December 31,
	2014		2013
Term Loan	$	10,834	$	13,334
Draw Term Loan	7,083		8,333
Revolving Facility (1)	—		—
Subtotal	17,917		21,667
Less current installments	5,000		5,000
Debt, excluding current installments	$	12,917	$	16,667

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