Avid 2014 Annual Report Download - page 58
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52
Interest Rate Risk
At December 31, 2014, we held $25.1 million in cash and cash equivalents. Due to the short maturities on any instruments held, a
hypothetical 10% increase or decrease in interest rates would not have a material impact on our financial position, results of
operations or cash flows. In 2010, we established revolving credit facilities that allow us to borrow up to $60 million, depending
upon the level of certain accounts receivable and inventory balances and subject to other terms and conditions. At December 31,
2014, we had no outstanding borrowings under the credit facilities. A hypothetical 10% increase or decrease in interest rates
payable on outstanding borrowings under the credit facilities would not have a material impact on our financial position, results of
operations or cash flows.