Short-Term Borrowings
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3 Months Ended | ||||
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Mar. 31, 2014
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Short-term Debt [Abstract] | |||||
Short-term Debt [Text Block] |
At March 31, 2014, the Company had a $60 million unsecured revolving line of credit with a bank expiring November 5, 2014. The line of credit bears interest at LIBOR plus 0.75%. At March 31, 2014, outstanding borrowings were approximately $9 million at an interest rate of 0.90%. The highest balance on the line of credit during the quarter was $12 million. |