Notes Payable and Revolving Credit Agreement (Tables)

9 Months Ended

Sep. 30, 2012

Notes Payable and Revolving Credit Agreement [Abstract]

Summary of notes payable

Notes payable as of September 30, 2012 and December 31, 2011 consisted of the following ($ in thousands):

	2012			2011
Revolving credit agreement average effective interest rate of 3.7% inclusive of unused fee	$	16,100		$	23,500
Promissory note payable in annual installments of $100 plus accrued interest through December 31, 2012, interest accrues at 3.25% per annum		100			100
Promissory note payable in annual installments of $50 plus accrued interest through December 21, 2012, interest accrues at 4.00% per annum		50			50
Promissory note payable in annual installments of $184 plus accrued interest through June 30, 2013, interest accrues at 3.25% per annum		184			367
Promissory note payable in annual installments of $100 plus accrued interest through July 25, 2013, interest accrues at 3.25% per annum		100			200
Promissory note payable in annual installments of $50 plus accrued interest through January 3, 2014, interest accrues at 3.25% per annum		100			—
Promissory notes payable in aggregate annual installments of $125 plus accrued interest through May 22, 2014, interest accrues at 3.25% per annum		250			—
		16,884			24,217
Less current portion		(609	)		(433	)
	$	16,275		$	23,784

Summary of aggregate annual payments of principal required to revolving credit facility

Aggregate annual payments of principal required pursuant to the revolving credit facility and the above notes payable subsequent to September 30, 2012 are as follows:

During the twelve months ended September 30, 2013	$	609
During the twelve months ended September 30, 2014		175
During the twelve months ended September 30, 2015		16,100
.	$	16,884