Borrowings	6 Months Ended
Jun. 30, 2013
Borrowings
Borrowings	(5) Borrowings On May 7, 2012, we entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, N.A. The Credit Agreement initially provided for (1) an asset-based revolving line of credit of up to $60 million (the “ABL Facility”), with the amount available for borrowing at any time under such line of credit determined according to a borrowing base valuation of eligible account receivables (the borrowing base was $55.8 million at June 30, 2013), and (2) a $7.5 million term loan (the “Term Loan”). On March 29, 2013, we used funds available under the ABL Facility to pay down the Term Loan in full and therefore, as of June 30, 2013, only the ABL Facility was outstanding. Because the Term Loan was paid off, we are no longer required to comply with any specific financial covenants. The ABL Facility provides for borrowings in the United States, the Netherlands, the United Kingdom and Germany and matures on May 7, 2017. Under the ABL Facility, Wells Fargo will have dominion over the cash receipts related to any U.K., Dutch and German borrowings. At June 30, 2013, we had $3.1 million of foreign borrowings that were subject to the bank’s dominion and are classified as a current liability on our balance sheet. As of June 30, 2013, we had a total of $28.8 million outstanding under the ABL Facility.

Borrowings

6 Months Ended

Jun. 30, 2013

(5) Borrowings

On May 7, 2012, we entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, N.A. The Credit Agreement initially provided for (1) an asset-based revolving line of credit of up to $60 million (the “ABL Facility”), with the amount available for borrowing at any time under such line of credit determined according to a borrowing base valuation of eligible account receivables (the borrowing base was $55.8 million at June 30, 2013), and (2) a $7.5 million term loan (the “Term Loan”). On March 29, 2013, we used funds available under the ABL Facility to pay down the Term Loan in full and therefore, as of June 30, 2013, only the ABL Facility was outstanding. Because the Term Loan was paid off, we are no longer required to comply with any specific financial covenants. The ABL Facility provides for borrowings in the United States, the Netherlands, the United Kingdom and Germany and matures on May 7, 2017. Under the ABL Facility, Wells Fargo will have dominion over the cash receipts related to any U.K., Dutch and German borrowings. At June 30, 2013, we had $3.1 million of foreign borrowings that were subject to the bank’s dominion and are classified as a current liability on our balance sheet. As of June 30, 2013, we had a total of $28.8 million outstanding under the ABL Facility.