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Subsequent Events
9 Months Ended
Jun. 30, 2011
Subsequent Events  
Subsequent Events

Note 8. Subsequent Events

 

Payment on Term A Loan

 

On July 15, 2011, the Company used $1.5 million from restricted cash to pay a portion of the Term A Loan. (See Note 3 Debt in the accompanying Unaudited Consolidated Financial Statements). In addition, the Company paid a 1.0% prepayment penalty.  Subsequent to the payment, the outstanding principal balance of the Term A Loan was $7.8 million and interest expense will be reduced by $0.3 million over the life of the loan.