DEBT (Tables)

9 Months Ended

Sep. 30, 2012

DEBT [Abstract]

Summary of total debt outstanding

A summary of total debt outstanding at September 30, 2012 and December 31, 2011 is as follows:

(thousands)	Sept. 30, 2012			Dec. 31, 2011
Long-term debt:
Revolver	$	26,614		$	24,336
Secured senior subordinated notes		6,160			7,700
Subordinated secured promissory note		1,000			1,750
Debt discount		(685	)		(832	)
Total long-term debt		33,089			32,954
Less: current maturities of long-term debt		1,000			1,000
Total long-term debt, less current maturities and discount	$	32,089		$	31,954
Total long-term debt	$	33,089		$	32,954

Required financial covenants compared to actual amounts

As of and for the fiscal period ended September 30, 2012, the Company was in compliance with all three of these financial covenants.  The required minimum fixed charge coverage ratio, minimum excess availability plus qualified cash, and the annual capital expenditures limitation amounts compared to the actual amounts as of and for the fiscal period ended September 30, 2012 are as follows:

(thousands except ratio)	Required		Actual
Fixed charge coverage ratio (12-month period)		1.25		5.3
Excess availability plus qualified cash (end of period)	$	2,000	$	18,316
Annual capital expenditures limitation (actual year-to-date)	$	6,700	$	5,281