Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Event [Abstract]

Subsequent Events [Text Block]

13. Subsequent Events

On July 9, 2014, the Company entered into a fifth amended and restated credit agreement with U.S. Bank and other lenders, which increased the revolving credit facility to $350.0 million and the term loan to $200.0 million. The credit facility matures on July 9, 2019. Principal on the term loan is due in quarterly installments of $2.5 million through June 30, 2019, with the remaining balance due on July 9, 2019. Borrowings under the amended credit agreement bear interest at either (a) Eurocurrency Rate (as defined in the amended credit agreement), plus an applicable margin in the range of 2.0% to 3.0%, or (b) the Base Rate (as defined in the amended credit agreement), plus an applicable margin in the range of 1.0% to 2.0%.

On July 18, 2014, the Company acquired ISI Acquisition Corp. (which wholly owns Integrated Services, Inc. and ISI Logistics Inc.) and ISI Logistics South, Inc. (collectively, "ISI") for a total purchase price of $13.0 million. The acquisition was financed with borrowings under the Company's credit facility discussed above.