Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

Long-Term Debt

6 Months Ended

Jun. 30, 2012

Long-term debt, net as of June 30, 2012 and December 31, 2011, was as follows:


	June 30, 2012		December 31, 2011

Revolving credit facility	$	2,153	$	22,356
5% Senior Subordinated Notes due 2017		15,468		14,980
Trademark payable		-		587
Capital leases		92		147
		17,713		38,070
Less current portion		(54)		(673)
	$	17,659	$	37,397

The long-term debt agreements contain certain restrictive debt covenants that require the Company and its subsidiaries to maintain a minimum trailing twelve month earnings before interest, taxes, depreciation, and amortization (“EBITDA”), a positive amount of asset coverage, a minimum net worth, and a fixed charge coverage ratio. At June 30, 2012, the Company was in compliance with all associated covenants. Under the revolving credit facility, the Company had $324 and $903 in letters of credit as of June 30, 2012 and December 31, 2011, respectively.