Debt

6 Months Ended

Jun. 30, 2011

Debt

Debt

8. Debt

Long-term debt consists of the following (in thousands):

	June 30, 2011			December 31, 2010
Credit Facility—$57.5 million, interest at London Inter-Bank Offering Rate (LIBOR) plus 3.75% (3.94% at June 30, 2011), and $0.5 million at Prime plus 2.25% (5.50% at June 30, 2011) due in monthly installments of principal and interest through July 2012	$	57,990		$	66,845
Less unamortized financing costs		(646	)		(986	)
Total debt		57,344			65,859
Less current portion		(10,000	)		(8,355	)
Long-term debt	$	47,344		$	57,504

We were subject to a maximum leverage ratio and a minimum liquidity requirement under the terms of our credit facility arranged by Wells Fargo Foothill, or our Amended and Restated Credit Agreement, and we were in compliance with the covenants under our Amended and Restated Credit Agreement as of June 30, 2011.

On July 13, 2011 we entered into a $120.0 million revolving credit facility (the "Credit Facility") with our lender and terminated our Amended and Restated Credit Agreement. For further details see our subsequent events footnote, Note 16. In accordance with ASC Subtopic No. 210-10-45, Balance Sheet, Other Presentation Matters, the Company has classified $10.0 million in the current portion of long-term debt within the consolidated balance sheet at June 30, 2011 for payments reasonably expected to be made on the revolving credit facility during the next twelve months.