Debt

The current portion of long-term debt consists of the following:



	June 30, 2019		December 31, 2018
Credit Facility	$	38,255	$	—
Finance leases	137		90
Notes payable	1,846		739
Total current portion of long-term debt	$	40,238	$	829

Long-term debt, net of current portion consists of the following:



	June 30, 2019		December 31, 2018
Credit Facility	$	—	$	44,255
Finance leases	498		547
Notes payable	5,898		3,091
Total long-term debt, net of current portion	$	6,396	$	47,893

Credit Facility

On February 22, 2019, we entered into an agreement with the existing lenders on the Credit Facility to, among other things, (i) extend the maturity date of the Credit Facility to June 30, 2020 and (ii) reduce the total capacity to $50,000 by December 31, 2019. The outstanding balance on the Credit Facility is included in long-term liabilities on our consolidated balance sheet at December 31, 2018. As of June 30, 2019 and December 31, 2018, $39,000 and $44,500, respectively, were outstanding under the Credit Facility and the Company was in compliance with all covenants. As of June 30, 2019, the total borrowing capacity is $55,000 with undrawn availability at $16,000. The Credit Facility matures on June 30, 2020 and as such, the Company has included the balance in the current portion of long-term debt as of June 30, 2019. The Company is currently pursuing plans to refinance the Credit Facility and extend the current obligations beyond one year.

As of June 30, 2019 and December 31, 2018, gross deferred financing fees of $1,558 and $728 are presented as a discount to the carrying value of the debt and the unamortized amount is presented as a reduction of current portion of long term debt as of June 30, 2019 and long-term debt, net of current portion, as of December 31, 2018 on the consolidated balance sheets. Certain deferred financing costs incurred when there was no balance on the Credit Facility are included in Other assets line item on the consolidated balance sheet. Accretion of debt discount of $186 and $60 is included in interest expense for the three months ended June 30, 2019 and 2018, respectively. Accretion of debt discount of $331 and $116 is included in interest expense for the six months ended June 30, 2019 and 2018, respectively. Amortization expense of the deferred financing charges of $55 and $78 is included in interest expense for the three months ended June 30, 2019 and 2018, respectively. Amortization expense of the deferred financing charges of $117 and $138 is included in interest expense for the six months ended June 30, 2019 and 2018, respectively.



	June 30, 2019			December 31, 2018
Revolving credit facility	$	39,000		$	44,500
Less: Debt discount, net	(745		)	(245		)
Revolving credit facility, net	$	38,255		$	44,255