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v3.20.2

Debt (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt |
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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | ​ |  | ​ |  | Outstanding |  | Outstanding
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Balance as of | ​ | Balance as of
​ | ​ | ​ | ​ | Stated Interest | ​ | Payment | ​ | Term | ​ | June 30, | ​ | December 31,
(dollar amounts in thousands) | ​ | Inception Date | ​ | Rate (per annum) | ​ | Frequency | ​ | (years) | ​ | 2020 | ​ | 2019
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Credit Agreement |  |  |  |  |  |  |  |  |  | ​ |  |  | ​ |
Revolving loans |  | 9/13/2019 |  | Variable |  | Variable |  | 5 | ​ | $ | 33,397 | ​ | $ | 103,820
​ |  |  |  |  |  |  |  |  | ​ |  | ​ | ​ |  | ​
Equipment Notes |  |  |  |  |  |  |  |  | ​ |  | ​ | ​ |  | ​
Equipment Note 1 |  | 9/28/2018 |  | 4.16% |  | Semi-annual |  | 5 | ​ |  | — | ​ |  | 10,643
Equipment Note 2 |  | 9/28/2018 |  | 4.23% |  | Semi-annual |  | 7 | ​ |  | 10,643 | ​ |  | 11,200
Equipment Note 3 |  | 12/31/2018 |  | 3.97% | ​ | Semi-annual |  | 5 | ​ |  | 1,779 | ​ |  | 1,953
Equipment Note 4 |  | 12/31/2018 |  | 4.02% | ​ | Semi-annual |  | 7 | ​ |  | 2,003 | ​ |  | 2,108
Equipment Note 5 |  | 12/31/2018 |  | 4.01% | ​ | Semi-annual |  | 7 | ​ |  | 1,649 | ​ |  | 1,751
Equipment Note 6 |  | 6/25/2019 |  | 2.89% | ​ | Semi-annual |  | 7 | ​ |  | 13,596 | ​ |  | 14,286
Equipment Note 7 |  | 6/24/2019 |  | 3.09% | ​ | Semi-annual |  | 5 | ​ |  | 8,359 | ​ |  | 9,033
Equipment Note 8 | ​ | 12/27/2019 | ​ | 2.75% | ​ | Semi-annual | ​ | 5 | ​ | ​ | 6,008 | ​ | ​ | 6,496
Equipment Note 9 | ​ | 12/24/2019 | ​ | 3.01% | ​ | Semi-annual | ​ | 7 | ​ | ​ | 4,534 | ​ | ​ | 4,534
​ |  |  |  |  |  |  |  |  | ​ |  | 48,571 | ​ |  | 62,004
Total debt |  |  |  |  |  |  |  |  | ​ |  | 81,968 | ​ |  | 165,824
Less: current portion of long-term debt |  |  |  |  |  |  |  |  | ​ |  | (7,186) | ​ |  | (8,737)
Long-term debt |  |  |  |  |  |  |  |  | ​ | $ | 74,782 | ​ | $ | 157,087
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, 2020: ​
​ | ​ | ​ | ​
​ |  | Future
​ | ​ | Equipment Notes
(in thousands) | ​ | Principal Payments
​ | ​ | ​ | ​
Remainder of 2020 | ​ | $ | 4,034
2021 | ​ |  | 6,356
2022 | ​ |  | 6,568
2023 | ​ |  | 7,246
2024 | ​ |  | 8,923
2025 | ​ | ​ | 8,853
Thereafter | ​ |  | 6,591
Total future principal payments | ​ | $ | 48,571
Less: current portion of equipment notes | ​ |  | (7,186)
Long-term principal obligations | ​ | $ | 41,385

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