Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

On September 9, 2014, the Company signed a Third Comprehensive Amendment to the Master Loan and Security Agreement. According to the Third Amendment, the Company is to maintain a segregated cash collateral account at Susquehanna Bank (now BB&T Bank) equal to the greater of (i) $3.0 million or (ii) the aggregate principal amounts of all Loans outstanding under the Revolving Credit Facility (including any issued and outstanding letters of credit, working capital advances, and negative foreign exchange positions) as security for the Company's obligations. Under this Amendment, BB&T Bank shall have complete and unconditional control over the cash collateral account.

On September 30, 2014, Susquehanna Bank collateralized the outstanding letters of credit issued under the line of credit. At December 31, 2015 and 2014 the cash collateral account totaled $3.5 million and $4.2 million, respectively, and was classified as restricted cash on the consolidated balance sheets.

The credit agreement contains certain restrictive covenants regarding future acquisitions and incurrence of debt. On July 31, 2015, the Company signed a Fifth Comprehensive Amendment to the Master Loan and Security Agreement in which the Company's financial covenants were reduced from four to two, and the covenant targets were adjusted.

		As of
	Covenant	December 31, 2015

Minimum tangible capital base	Must exceed $10.5 million	$10.8 million
Quick ratio	Must exceed 1.00 : 1.00	1.44 : 1.00

As of December 31, 2015, the Company was in compliance with its financial covenants as defined above.