Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

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LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Schedule of long-term debt, net of current portion
 
             
   
2013
   
2012
 
Long-term debt, net of current portion:
           
Term loan agreement, $50.0 million on June 29, 2012, funded on October 1, 2012, maturing October 1, 2015, with variable interest as described in the second succeeding paragraph. (5.75% during the quarter ended June 30, 2013 and year ended December 31, 2012).
  $          46,250     $          48,750  
                 
Term loan agreement, $20.0 million on October 1, 2012, maturing October 1, 2016, interest rate is fixed at 13.25% per annum.
      20,000         20,000  
Less current portion
    (2,500 )     (2,500 )
    $ 63,750     $ 66,250