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Debt (Tables) | 6 Months Ended
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Jun. 30, 2019
Debt Disclosure [Abstract] |
Schedule of total debt | The table below reflects the Company's total debt, including borrowings under its credit agreement and master loan agreements for equipment notes:
|  |  |  | Stated Interest |  | Payment |  | Term |  |  | Outstanding Balance as of June 30, |  |  | Outstanding Balance as of December 31, |
(dollar amounts in thousands) |  | Inception Date |  | Rate (per annum) |  | Frequency |  | (years) |  |  | 2019 |  |  | 2018 |
Credit Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving loans |  | 6/30/2016 |  |  | Variable |  | Variable |  |  | 5 |  |  | $ | 52,410 |  |  | $ | 58,306 |
Equipment Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equipment Note 1 |  | 9/28/2018 |  |  | 4.16% |  | Semi-annual |  |  | 5 |  |  |  | 11,734 |  |  |  | 12,655 |
Equipment Note 2 |  | 9/28/2018 |  |  | 4.23% |  | Semi-annual |  |  | 7 |  |  |  | 11,745 |  |  |  | 12,279 |
Equipment Note 3 |  | 12/31/2018 |  |  | 3.97% |  | Semi-annual |  |  | 5 |  |  |  | 2,291 |  |  |  | 2,291 |
Equipment Note 4 |  | 12/31/2018 |  |  | 4.02% |  | Semi-annual |  |  | 7 |  |  |  | 2,313 |  |  |  | 2,313 |
Equipment Note 5 |  | 12/31/2018 |  |  | 4.01% |  | Semi-annual |  |  | 7 |  |  |  | 1,948 |  |  |  | 1,948 |
Equipment Note 6 |  | 6/25/2019 |  |  | 2.89% |  | Semi-annual |  |  | 7 |  |  |  | 15,005 |  |  |  | — |
Equipment Note 7 |  | 6/24/2019 |  |  | 3.09% |  | Semi-annual |  |  | 5 |  |  |  | 9,033 |  |  |  | — |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 54,069 |  |  |  | 31,486 |
Total debt |  |  |  |  |  |  |  |  |  |  |  |  |  | 106,479 |  |  |  | 89,792 |
Less: current portion of long-term debt |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,856 | ) |  |  | (3,681 | )
Long-term debt |  |  |  |  |  |  |  |  |  |  |  |  | $ | 99,623 |  |  | $ | 86,111 |
Schedule of remaining principal payments for long term obligations | The following table sets forth our remaining principal payments for the Company’s outstanding Equipment Notes as of June 30, 2019:
|  | Future |
|  | Equipment Notes |
(In thousands) |  | Principal Payments |
Remainder of 2019 |  | $ | 3,581 |
2020 |  |  | 6,608 |
2021 |  |  | 6,852 |
2022 |  |  | 7,107 |
2023 |  |  | 10,360 |
2024 |  |  | 5,964 |
Thereafter |  |  | 13,597 |
Total future principal payments |  | $ | 54,069 |
Less: current portion of equipment notes |  |  | (6,856 | )
Long-term principal obligations |  | $ | 47,213 |

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