XML 22 R10.htm IDEA: XBRL DOCUMENT v2.3.0.15
Credit Agreement
9 Months Ended
Sep. 30, 2011
Credit Agreement [Abstract] 
Credit Agreement
Note 5 — Credit Agreement
During the third quarter of 2011, the Company entered into an Amendment to the Credit Agreement dated August 21, 2009 between the Company and The PrivateBank and Trust Company (“Amended Credit Agreement”). The Amended Credit Agreement extends the term of the $55.0 million credit facility, which includes an additional $20.0 million accordion feature, to October 1, 2016. The Amended Credit Agreement decreases the interest rate spreads and the unused line fee, increases the annual allowable dividends from $7.0 million to $10.0 million, increases the allowance for acquisitions and reduces the minimum working capital to total debt ratio from 2.0 to 1.75.