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Debt (Tables) | 6 Months Ended
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Jun. 30, 2021
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:
(dollar amounts in thousands) |  | Inception Date |  | Stated Interest Rate (per annum) |  | Payment Frequency |  | Term (years) |  | Outstanding Balance as of June 30, 2021 |  | Outstanding Balance as of December 31, 2020
Credit Agreement |  |  |  |  |  |  |  |  |  |  |  |
Revolving loans |  | 9/13/2019 |  | Variable |  | Variable |  | 5 |  | $ | — |  |  | $ | — |
Equipment Notes |  |  |  |  |  |  |  |  |  |  |  |
Equipment Note 6 |  | 6/25/2019 |  | 2.89% |  | Semi-annual |  | 7 |  | — |  |  | 12,896 |
Equipment Note 7 |  | 6/24/2019 |  | 3.09% |  | Semi-annual |  | 5 |  | — |  |  | 6,980 |
Equipment Note 8 |  | 12/27/2019 |  | 2.75% |  | Semi-annual |  | 5 |  | 5,011 |  |  | 5,513 |
Equipment Note 9 |  | 12/24/2019 |  | 3.01% |  | Semi-annual |  | 7 |  | 3,774 |  |  | 4,031 |
|  |  |  |  |  |  |  |  |  | 8,785 |  |  | 29,420 |
Total debt |  |  |  |  |  |  |  |  |  | 8,785 |  |  | 29,420 |
Less: current portion of long-term debt |  |  |  |  |  |  |  |  |  | (1,550) |  |  | (4,381) |
Long-term debt |  |  |  |  |  |  |  |  |  | $ | 7,235 |  |  | $ | 25,039 |
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, 2021:
(in thousands) |  | Future Equipment Notes Principal Payments
Remainder of 2021 |  | $ | 770 |
2022 |  | 1,572 |
2023 |  | 1,617 |
2024 |  | 2,962 |
2025 |  | 583 |
2026 |  | 1,281 |
Thereafter |  | — |
Total future principal payments |  | $ | 8,785 |
Less: current portion of equipment notes |  | (1,550) |
Long-term principal obligations |  | $ | 7,235 |

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