Note 6 - Note Receivable

3 Months Ended

Mar. 31, 2013

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 6 – NOTE RECEIVABLE

During November 2010, the Company sold its terminal facility in Shreveport, Louisiana.  In connection with this sale, the buyer gave the Company cash in the amount of $0.2 million and a note receivable in the amount of $2.1 million.  The note receivable bears interest at an annual rate of 7.0%, matures in five years and has scheduled principal and interest payments based on a 30-year amortization schedule.  A balloon payment in the approximate amount of $1.9 million is payable to the Company when the note matures in 2015.  Accordingly, the Company deferred the approximate $0.7 million gain on the sale of this facility, and records this gain into earnings as payments on the note receivable are received.  During the three month periods ended March 31, 2013 and March 31, 2012, the Company recognized approximately $1,770 and approximately $1,650, respectively, of this gain.  The Company believes the note receivable balance at March 31, 2013, in the approximate amount of $2.0 million, is fully collectible and accordingly, has not recorded any valuation allowance against the note receivable.