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Subsequent Events (Details) (USD $)
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6 Months Ended | |
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Jun. 30, 2012
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Jul. 31, 2012
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| Subsequent Events (Textual) [Abstract] | ||
| Due date for principal amount of revolving credit loan | Jul. 30, 2015 | |
| Interest Rate Percentage Points Added | 0.50% | |
| Additional Interest Payable on Outstanding Advances | 2.00% | |
| Fee for credit agreement | $ 175,000 | |
| Early termination fee for repayment of advances before July 31st 2013 | 2.00% | |
| Early termination fee for repayment of advances before July 31st 2014 | 1.00% | |
| Outstanfing borrowings on new credit agreement | 14,200,000 | |
| Interest rate on outstanding borrowings | 4.00% | |
| Amended and Restated Credit Agreement | Jul. 29, 2005 | |
| Interest rate description | For advances that are not Eurodollar rate loans, referred to as “domestic rate loans” in the Credit Agreement, annual interest will accrue at a rate equal to 0.75% plus the higher of (i) PNC’s stated commercial lending rate in effect on such day, (ii) the Federal Funds Open Rate (as defined in the Credit Agreement; essentially the daily federal funds open rate as quoted by ICAP North America, Inc. (or any successor) as published by Bloomberg) in effect on such day plus 0.5%, and (iii) the sum of the Daily LIBOR Rate (as defined in the Credit Agreement; essentially the rate resulting from dividing (x) the daily London Interbank Offered Rates published in the Wall Street Journal for a one month period by (y) a number equal to 1.00 minus the Board of Governors of the Federal Reserve System’s reserve percentage with respect to eurocurrency funding) in effect on such day plus 1.0%. The Borrowers may also obtain Eurodollar rate loans under the revolving line of credit. Eurodollar rate loans will accrue annual interest at a rate equal to the sum of 2.25% plus the Eurodollar Rate (as defined in the Credit Agreement; essentially the rate resulting from dividing (x) the rates at which US dollar deposits are offered by leading banks in the London interbank deposit market as published by Bloomberg, by (y) a number equal to 1.00 minus the Board of Governors of the Federal Reserve System’s reserve percentage with respect to eurocurrency funding). Interest will be payable monthly in arrears for domestic rate loans and at the end of each interest period for Eurodollar rate loans. Upon and after the occurrence of an event of default, and during the continuation thereof, at the option of PNC or at the direction of a certain specified number of lenders, outstanding advances will bear interest at the interest rate set forth above for domestic rate loans plus 2% per year. | |
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Revolving Credit Facility [Member]
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| Subsequent Events (Textual) [Abstract] | ||
| Fee Per Year Paid To Pnc Percentage On Undrawn Amount Of Revolving Line Of Credit | 0.50% | |
| Outstanding balance paid to Wells fargo. | 14,100,000 | |
| Outstanfing borrowings on new credit agreement | $ 35,000,000 | |
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Domestic Rate Loan [Member]
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| Subsequent Events (Textual) [Abstract] | ||
| Interest rate on outstanding borrowings | 0.75% | |
| Base rate of domestic rate loans | 1.00% | |
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Euro Dollar Rate Loan [Member]
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| Subsequent Events (Textual) [Abstract] | ||
| Interest rate on outstanding borrowings | 2.25% |