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Debt (Tables)

6 Months Ended

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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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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