Debt (Tables)

9 Months Ended

Sep. 30, 2018

Long-term debt as of September 30, 2018 and December 31, 2017 consists of the following (in thousands):



	As of September 30,							As of December 31,
	2018							2017
	Gross		DFC ⁽¹⁾			Net		Gross		DFC⁽¹⁾			Net
Credit facility	$	17,600	$	(82	)	$	17,518	$	13,600	$	(131	)	$	13,469
Capital lease obligations	79		—			79		105		—			105
Total debt	17,679		(82		)	17,597		13,705		(131		)	13,574
Less: Current portion of long-term debt	48		—			48		48		—			48
Long-term debt, excluding current portion	$	17,631	$	(82	)	$	17,549	$	13,657	$	(131	)	$	13,526


(1)	DFC refers to deferred financing costs related to the Company's long-term debt.

Schedule of Line of Credit Facilities

The applicable margin per annum on interest accruing on all borrowings under the credit facility outstanding on or after May 4, 2017, and the applicable percentage per annum commitment fee accruing on and after that date, respectively will be determined as follows:



Pricing Level	Leverage Ratio	Applicable Margin for LIBOR Index Rate Loans	Applicable Margin for Base Rate Loans	Applicable Percentage for Commitment Fee
I	Less than 1.25:1.00	2.25% per annum	1.25% per annum	0.250% per annum
II	Greater than or equal to 1.25:1.00 but less than 1.75:1.00	2.50% per annum	1.50% per annum	0.375% per annum
III	Greater than or equal to 1.75:1.00	2.75% per annum	1.75% per annum	0.375% per annum

Schedule of Future Minimum Lease Payments for Capital Leases

The following is a summary of the combined principal maturities of all long-term debt and principal payments to be made under the Company’s capital lease agreements for each of the fiscal years presented in the table below (in thousands):



Year Ended December 31
2018	$	12
2019	17,659
2020	8
Total	$	17,679