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Debt and Leases (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Components of long-term debt
Long-term debt consists of the following at:
 
December 31,
2018
 
December 31,
2017
Term loans payable, interest at a variable rate (4.34% at December 31, 2018) with monthly payments of interest and quarterly payments of principal through January 2023.
$
41,625,000

 
$

Term loan payable to Key Bank, interest at a variable rate (3.36% at December 31, 2017)

 
6,750,000

Revolving loans, interest at a variable rate (4.39% at December 31, 2018)
17,375,000

 

Total
59,000,000

 
6,750,000

Less deferred loan costs
(611,000
)
 

Less current portion
(3,230,000
)
 
(3,000,000
)
Long-term debt
$
55,159,000

 
$
3,750,000

Maturities of long-term debt
Annual maturities of long-term debt are as follows:
2019
$
3,375,000

2020
4,500,000

2021
5,625,000

2022
5,625,000

2023 and Thereafter
22,500,000

Total
$
41,625,000

Future minimum rental payments for operating leases
Future binding minimum operating lease payments are as follows:
2019
$
1,579,000

2020
1,387,000

2021
1,128,000

2022
1,055,000

2023 and Thereafter
1,425,000

Total minimum lease payments
$
6,574,000