Note 15 - Interest Rate Fluctuations

6 Months Ended

Jun. 30, 2012

Concentration Risk Disclosure [Text Block]

15.           Interest Rate Fluctuations

The Company is exposed to market risk related to the variable interest rate on its lines of credit, both in its United States subsidiaries (i.e., the Domestic Merchandising Services Division) and in its International (non-U.S.) subsidiaries (i.e., the International Merchandising Services Division). At June 30, 2012, the Company's outstanding lines of credit and other debt totaled approximately $1.5 million, as noted in the table below (in thousands):

Location	Variable Interest Rate (1)			US Dollars (2)
United States	4.5%			$	673
International	0.1%	-	9.7%		777
				$	1,450

(1)  Based on interest rate at June 30, 2012.

(2)  Based on exchange rate at June 30, 2012.

Based on the 2012 average outstanding borrowings under variable-rate debt, a one-percentage point increase in interest rates would negatively impact pre-tax earnings and cash flows for the six months ended June 30, 2012 by approximately $7,200.