XML 84 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt - Additional Information (Detail) (USD $)
6 Months Ended
Jun. 30, 2013
Debt Instrument [Line Items]  
New credit agreement entering date Jul. 13, 2011
Secured revolving credit facility term, years 5 years
Secured revolving credit facility current borrowing capacity $ 120,000,000
Interest rate on outstanding borrowings Borrowings under the Credit Facility bear interest at a variable rate based upon, at the Company’s option, either LIBOR or the base rate (which is the highest of (i) the prime rate, (ii) 0.5% plus the overnight federal funds rate, and (iii) 1.0% in excess of the three-month LIBOR rate), plus in each case, an applicable margin. The applicable margin for LIBOR loans, based on the applicable leverage ratio, is either 2.25% or 2.50% per annum, and the applicable margin for base rate loans, based on the applicable leverage ratio, is either 1.25% or 1.50% per annum. At June 30, 2013 our rates, inclusive of applicable margins, was 4.5 for prime. respectively.
Credit facility basis spread on variable rate LIBOR 1.00%
Credit facility reference rate LIBOR Three-month LIBOR
Percentage of fee payment on unused line of credit facility 0.375%
Outstanding debt 0
Credit facility financial covenants terms (i) a maximum ratio of consolidated total debt to consolidated adjusted EBITDA of 3.001.00, and (ii) a minimum consolidated fixed charge coverage ratio of 1.251.00
Maximum acquisition expense 2,000,000
Maximum cash non-operating expense 250,000
Maximum amount of various fees, cost and expenses to be taken in adjusted EBITDA $ 1,500,000
Period of calculating EBITDA (in month) 12 months
Minimum [Member]
 
Debt Instrument [Line Items]  
Applicable margin leverage ratio for LIBOR loans 2.25%
Applicable margin leverage ratio for base rate loan for LIBOR loans 1.25%
Maximum [Member]
 
Debt Instrument [Line Items]  
Applicable margin leverage ratio for LIBOR loans 2.50%
Applicable margin leverage ratio for base rate loan for LIBOR loans 1.50%
Federal Funds Rate [Member]
 
Debt Instrument [Line Items]  
Interest rate on outstanding borrowings 0.5% plus the overnight federal funds rate
Libor Rate [Member]
 
Debt Instrument [Line Items]  
Interest rate on outstanding borrowings 1.0% in excess of the three-month LIBOR rate
Credit facility basis spread on variable rate LIBOR 0.50%
Prime Rate [Member]
 
Debt Instrument [Line Items]  
Variable interest rate 4.50%