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Subsequent Events
3 Months Ended
Sep. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events

16.Subsequent Events

 

On October 30, 2015, the Company entered into an Eighth Amendment to the Company’s Amended and Restated Credit Agreement with Comerica Bank (“Credit Agreement”).  The Eighth Amendment changes the Credit Agreement to an on demand line of credit from a committed line of credit that previously required the Company to pay a commitment fee of .15% per annum.  The maximum permitted borrowings increased from $6 million to $10 million and the borrowing base was amended to add an amount equal to the lesser of 50% of eligible inventory or $4 million.  The Company is required to maintain a Tangible Net Worth of at least $29 million, down from the $31 million requirement at September 30, 2015.