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Note 6 - Borrowings Under Line of Credit
3 Months Ended
Sep. 30, 2012
Debt Disclosure [Text Block]
6.  Borrowings Under Line of Credit

On February 29, 2012, certain subsidiaries of the Company entered into an $8 million line of credit facility, including a $1,000,000 sublimit for the issuance of standby or trade letters of credit with PNC Bank, National Association. The interest rate is the “Eurodollar Rate”, which is calculated by using the LIBOR rate, plus a margin of 2.0%. The interest rate as of September 30, 2012 was 2.2%. The Company had outstanding borrowings from the bank under its credit line of approximately $2.4 million as of September 30, 2012 and had $3.1 million outstanding as of June 30, 2012. The line expires on February 28, 2014.