NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS

6 Months Ended

Jun. 30, 2011

NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS

NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS

7.  NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS

The following table summarizes notes payable and capital lease obligations as of June 30, 2011 and December 31, 2010.

($ thousands)	June 30, 2011		December 31, 2010
Revolving credit facility	$	1,604	$	3
Capital lease obligations (for certain capitalized software) bearing interest rates ranging from 8.7% to 12.4% and maturities through 2013	1,581		2,488
Capital lease obligations (for certain equipment) bearing interest at 8.8% and maturities through 2014	117		155
Total notes payable and capital lease obligations	$	3,302	$	2,646

As of June 30, 2011 and December 31, 2010, we had issued and outstanding letters of credit of $1.1 million and $1.0 million, respectively, which were reserved against the borrowing base under the terms of the revolving credit facility.