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, 2014
Long-Term Debt [Abstract]  
Schedule of long-term debt, net of current portion
 
   
2014
    
2013
  
Long-term debt, net of current portion:
            
Term loan agreement, $50.0 million on June 29, 2012, funded on October 1, 2012, maturing June 29, 2016, with variable interest as described in the sixth succeeding paragraph. (the average interest rate was 4.75% and 5.4% during the quarter ended June 30, 2014 and year ended December 31, 2013, respectively).
   $      37,500     $      37,500  
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  
Revolving loan agreement, $2.0 million funded on March 24, 2014, maturing June 29, 2016, with variable interest as described in the sixth succeeding paragraph. (the average interest rate was 4.75% during the quarter ended June 30, 2014).
      2,000       --  
Less current portion
     --       --  
    $ 59,500     $ 57,500