Subsequent Event
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9 Months Ended | ||
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Sep. 30, 2012
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Subsequent Event [Abstract] | |||
Subsequent Event |
On November 7, 2012, we entered into an Amendment to our Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated October 31, 2011 ("Amended Loan Agreement"). This Amendment provided for the exclusion of approximately $700,000 in costs related to the acquisition and $1,600,000 cost incurred resulting from fair value of percentage of completion contract in connection with the acquisition of SEC, in calculating the fixed charge ratio commencing September 30, 2012. The minimum fixed charge coverage ratio of 1.25 to 1.0 for the four quarter period endings as of the each of the fiscal quarters remains unchanged. As a condition of this Amendment, we agreed to pay PNC a fee of $15,000. All other terms of the Amended Loan Agreement remain principally unchanged.
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