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Debt
3 Months Ended
Jun. 30, 2013
Debt [Abstract]  
Debt
Note 9 - Debt

The Company has an unsecured revolving credit agreement (the "credit facility") with Comerica Bank and other lenders. The credit facility, as amended, provides for a revolving line of credit in the amount of $300 million and expires on March 21, 2017. The credit facility also permits the Company to increase the revolving line of credit by an additional $200 million subject to receiving further commitments from lenders and certain other conditions.

As of June 30, 2013 and March 31, 2013, the Company's debt balance under its credit facility was $15.0 million and $18.0 million, respectively, and was classified as long term.

The credit facility contains various covenant requirements, including limitations on liens; indebtedness; mergers, consolidations and acquisitions; asset sales; dividends; investments, loans and advances from the Company; transactions with affiliates; and limits additional borrowing outside of the facility to $250 million. The credit facility is also subject to maximum total debt to EBITDA and minimum fixed charge coverage financial covenants. Additionally, the Company is required to maintain at least a 0.25 to 1.0 cushion below its consolidated total leverage ratio maximum of 2.5 to 1.0 on a pro forma basis in the case of any stock repurchases acquisitions or dividends in excess of $50 million in any fiscal year. The Company was in compliance with the covenants under the credit facility at June 30, 2013.

Borrowings under the credit facility bear interest at the base rate (the greatest of the prime rate, the federal funds effective rate plus one percent, or the daily LIBOR rate plus one percent) or the Eurodollar rate, at the Company's option, plus the applicable margin (which is based on the level of maximum total debt to EBITDA ratio). For the three months ended June 30, 2013, interest rates on outstanding borrowings were at a weighted average rate of 2.2%. The Company pays a quarterly fee on the credit facility based on the applicable margin grid. Interest and fees related to the credit facility were $229,000 and $482,000 during the three months ended June 30, 2013 and 2012, respectively.

Cash paid for interest during the first quarters of 2014 and 2013 was $266,000 and $512,000, respectively.