v2.4.0.6
Short-Term Borrowings
6 Months Ended
Jun. 30, 2013
Short-term Debt [Abstract]  
Short-term Debt [Text Block]
9.
Short-Term Borrowings
 
At June 30, 2013, the Company had a $60 million unsecured revolving line of credit, with $20 million of bank borrowings outstanding at an interest rate of approximately 1.2%. The Company’s borrowing facility includes one financial covenant that specifies a minimum level of net worth. The Company was in compliance with the covenant at June 30, 2013. The line of credit agreement expired on April 30, 2013 and was renewed for another term that expires on April 30, 2014, at essentially the same terms as the prior agreement.