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Debt
9 Months Ended
Sep. 30, 2012
Debt Disclosure [Abstract]  
Debt
DEBT
Silicon Valley Bank
In August 2010, the Company entered into a $15.0 million credit facility with Silicon Valley Bank (“SVB Credit Facility”).
During May 2011, the Company amended the SVB Credit Facility to allow for loan advances, in addition to the amount available under the existing line of credit, of up to an aggregate of $3.0 million for the purchase of software and equipment. Advances for the purchase of software and equipment could be drawn through May 2012, have an interest rate of prime rate plus 1.25%, and are amortized monthly over the remaining term, which is the lesser of either 12 or 36 months and May 2015, payable in equal monthly installments of principal plus accrued interest. In May 2011, the Company borrowed approximately $0.7 million under this facility for the purchase of software and equipment. At September 30, 2012, loan advances of $0.4 million were outstanding.
During March 2012, the Company amended the SVB Credit Facility to remove the sub-limits related to letters of credit and amended the amounts available under the credit facility to be the lesser of $15.0 million or an amount based on a multiple of contracted monthly recurring revenue less principal amounts outstanding for any advances. In August 2012, the amounts available for borrowing under the credit facility were reduced to zero.
During November 2012, the Company amended the SVB Credit Facility to allow for loan advances up to an aggregate of $5.0 million for the purchase of equipment.  Advances may be drawn through April 2014, have an interest rate of prime minus 0.25%, and are amortized over sixty months, payable in equal installments of principal plus accrued interest. 
The SVB Credit Facility is subject to certain financial covenants, including an adjusted quick ratio.