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INDEBTEDNESS (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | The amounts borrowed as of June 30, 2025 and December 31, 2024 are as follows (dollars in thousands):
| June 30, 2025 |  | December 31, 2024
Long-term debt under revolving credit facility(1) | $ | 30,000 |  |  | $ | 32,000 |
Available to be borrowed under revolving facility(2) | $ | 41,000 |  |  | $ | 56,000 |
Interest rate and margin: |  |  |
Interest margin(3) | 2.10 | % |  | 2.10 | %
Actual interest rates(4) | 6.43 | % |  | 6.46 | %
Commitment fee | 0.35 | % |  | 0.35 | %
(1) In connection with the Credit Agreement, as of June 30, 2025 and December 31, 2024, the Company had deferred financing costs of $0.7 million and accumulated amortization of $0.4 million recorded in other assets on the condensed consolidated balance sheets.
(2) The amount available to be borrowed is subject to certain limitations, such as a consolidated leverage ratio which generally limits borrowings to 2.5 times annual Adjusted EBITDA, as defined in the Credit Agreement.
(3) Computed as the weighted average interest margin on all borrowings, including an additional spread of 0.10%.
(4) Computed as the weighted average interest rate on all borrowings.

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