REVOLVING CREDIT FACILITY	12 Months Ended
REVOLVING CREDIT FACILITY	Dec. 31, 2014
REVOLVING CREDIT FACILITY.
REVOLVING CREDIT FACILITY	NOTE 4 - REVOLVING CREDIT FACILITY On February 12, 2015, the Company entered into a new five-year $175 million revolving credit facility (the “New Facility”) which replaces the prior revolving credit facility. J.P. Morgan Securities LLC acted as lead bookrunner and arranger, while Bank of America, N.A. acted as joint lead arranger under the New Facility which replaced the Company’s previous $125 million credit facility (the “Old Facility”). The New Facility includes an accordion feature which permits expansion up to $250 million. Borrowings, other than letters of credit, under the credit facility generally will bear interest at a rate varying from LIBOR rate plus 1.75% to LIBOR rate plus 3.00%, depending on leverage. The New Facility is secured by substantially all of the Company’s assets and the stock of its subsidiaries. Borrowings under the New Facility are subject to various covenants including a multiple of 3.5 times earnings before interest, taxes, depreciation and amortization (“EBITDA”). EBITDA may include “Acquired EBITDA” from pro-forma acquisitions as defined. Borrowings under the New Facility may be used for general corporate purposes, including acquisitions. Application of the New Facility’s borrowing formula as of December 31, 2014, would have permitted $80.0 million to be used. We had irrevocable letters of credit totaling $7.5 million outstanding in connection with our self-insurance programs, which resulted in a total of $72.5 million being available for use at December 31, 2014. As of December 31, 2014, we were in compliance with the various financial covenants. Under the most restrictive of its covenants, we were required to maintain minimum net worth of at least $163.5 million at December 31, 2014. At such date, our net worth was approximately $229.6 million. At December 31, 2014, the Old Facility consisted of a $125 million credit line with a maturity date of December 2, 2015. Borrowings (other than letters of credit) under the credit facility were at either the bank’s prime rate plus a margin (ranging from 1.25% to 2.25%, currently 1.25%) or LIBOR plus a margin (ranging from 2.25% to 3.25%, currently 2.25%). The margin for prime rate or LIBOR borrowings was determined by the Company’s leverage. Borrowings under the Old Facility were secured by a first priority perfected security interest in all tangible and intangible assets of the Company, and all existing and future direct and indirect subsidiaries of the Company, as guarantors. The effective interest rates on our borrowings were 2.7% and 5.0% for 2014 and 2013, respectively.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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