BORROWINGS (Tables)

9 Months Ended

Jun. 30, 2012

Credit facilities and other debt of the Company and related borrowings outstanding

The credit facilities and other debt of the Company and related borrowings outstanding are as follows (in thousands):

	As of June 30,				September 30,
	2012				2011
	Maximum Amount of Facility		Borrowings Outstanding		Borrowings Outstanding
Corporate and Real estate debt:
TD Bank - secured revolving credit facility (1)	$	6,997	$	−	$	7,493
TD Bank - term loan		−		−		1,250
Republic Bank - secured revolving credit facility		3,500		−		−
				−		8,743
Senior Notes (2)				10,000		16,263
Mortgage debt				10,574		10,700
Note payable to RSO				1,677		1,705
Other debt				366		548
Total corporate and real estate borrowings				22,617		37,959
Commercial finance debt				−		184,700
Total borrowings outstanding			$	22,617	$	222,659

(1)	The amount of the facility as shown has been reduced for outstanding letters of credit totaling $503,000 at June 30, 2012.

(2)

The September 30, 2011 balance shown is net of an unamortized discount of $2.6 million related to the fair value of detachable warrants issued to the note holders. In conjunction with the refinancing of the Senior Notes in November 2011, the remaining unamortized discount was charged off to Loss on Extinguishment of Debt in the consolidated statements of operations.

Annual principal payments on the Company's aggregate borrowings over the next five years and thereafter

Annual principal payments on the Company's aggregate borrowings over the next five years ending June 30, and thereafter, are as follows (in thousands):

2013	$	434
2014		10,302
2015		1,881
2016		215
2017		231
Thereafter		9,554
	$	22,617