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LONG-TERM DEBT & CREDIT AGREEMENTS
12 Months Ended
Dec. 31, 2012
LONG-TERM DEBT & CREDIT AGREEMENTS [Abstract]  
LONG-TERM DEBT & CREDIT AGREEMENTS
NOTE 7 - LONG-TERM DEBT & CREDIT AGREEMENTS

The Company and a bank had a Loan Agreement (the "European Loan Agreement") which provided for an unsecured term loan of €7,500 (the "European Term Loan"). The European Term Loan was payable in equal monthly installments of principal, each equal to 1/84th of the principal of the European Term Loan, together with accrued interest, with remaining principal and interest payable at maturity. Effective April 30, 2010, the European Term Loan was renewed with a new maturity date of May 1, 2014, and was subject to a monthly interest rate equal to EURIBOR plus 1%. As of December 31, 2012, the Company has pre-paid the European Term Loan in full. The European Loan Agreement also provided for a short-term revolving credit facility of €3,000 (the "European Revolving Facility"). The European Revolving Facility was subject to a monthly interest rate equal to EURIBOR plus 1.45%, and accrued interest was payable monthly. The European Revolving Facility matured on May 31, 2012, and the Company elected not to renew this facility.
The Company and a bank had a Loan Agreement (the "Loan Agreement"), which provided for a short-term revolving credit facility of $6,000 (the "Revolving Facility"). The Revolving Facility matured on May 31, 2012, and the Company elected not to renew this facility.

At December 31, 2012, we had no debt outstanding, as compared to a total of $1,410 debt outstanding at December 31, 2011. Indebtedness under the Company's loan agreements were secured by assets of the Company.