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NOTES PAYABLE (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Schedule of Debt | The following table summarizes our outstanding debt as of the dates indicated:
| Maturity |  | Stated Interest Rate |  | Balance as of September 30, 2019 |  | Balance as of December 31, 2018
Subordinated Notes Payable- acquisitions | 10/1/2019 – 7/1/2021 |  | 2.00% - 3.00% |  |  | $ | 8,646 |  |  | $ | 10,964 |
Term Loan – Wells Fargo Syndicate Partner | 5/25/2022 |  | 10.74 | % |  | 55,683 |  |  | 52,106 |
Term Loan - Wells Fargo | 5/25/2022 |  | 5.74 | % |  | 55,683 |  |  | 52,106 |
Total Notes Payable |  |  |  |  | 120,012 |  |  | 115,176 |
Short-term notes payable |  |  |  |  | 5,399 |  |  | 5,864 |
Long-term notes payable |  |  |  |  | $ | 114,613 |  |  | $ | 109,312 |
Schedule of Debt And Debt Issuance Costs | The following table summarizes the debt issuance costs as of the dates indicated:
Notes Payable | Gross Notes Payable at September 30, 2019 |  | Debt Issuance Costs and Debt Discount |  | Net Notes Payable at September 30, 2019
Notes payable, current portion | $ | 5,399 |  |  | $ | (1,179 | ) |  | $ | 4,220 |
Notes payable, net of current portion | 114,613 |  |  | (2,140 | ) |  | 112,473 |
Total Notes Payable | $ | 120,012 |  |  | $ | (3,319 | ) |  | $ | 116,693 |
Notes Payable | Gross Notes Payable at December 31, 2018 |  | Debt Issuance Costs and Debt Discount |  | Net Notes Payable at December 31, 2018
Notes payable, current portion | $ | 5,864 |  |  | $ | (1,131 | ) |  | $ | 4,733 |
Notes payable, net of current portion | 109,312 |  |  | (2,083 | ) |  | 107,229 |
Total Notes Payable | $ | 115,176 |  |  | $ | (3,214 | ) |  | $ | 111,962 |
Schedule of Maturities of Long-term Debt | The following table summarizes the future principal payments related to our outstanding debt as of September 30, 2019:
Year Ended | Gross Amount
December 31, 2019 (October to December) | $ | 1,034 |
December 31, 2020 | 5,159 |
December 31, 2021 | 10,082 |
December 31, 2022 | 103,737 |
Gross Notes Payable | $ | 120,012 |
Schedule of Long-term Debt Instruments | The Second Restated Credit Agreement amends the applicable margin rates for determining the interest rate payable on the loans as follows:
Leverage Ratio | First Out Revolver Base Rate Margin | First Out Revolver LIBOR Rate Margin | First Out TL Base Rate Margin | First Out TL LIBOR Rate Margin | Last Out Base Rate Margin | Last Out LIBOR Rate Margin
≤ 3.25:1 | 4.25 percentage points | 5.25 percentage points | 1.75 percentage points | 2.75 percentage points | 6.75 percentage points | 7.75 percentage points
> 3.25:1 | 4.75 percentage points | 5.75 percentage points | 2.25 percentage points | 3.25 percentage points | 7.25 percentage points | 8.25 percentage points

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