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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt as of December 31, 2018 and 2017 consists of the following (in thousands):
 
As of December 31
 
2018
 
2017
 
Gross
 
DFC (1)
 
Net
 
Gross
 
DFC
 
Net
Revolving Facility
$
21,600

 
$
(65
)
 
$
21,535

 
$
13,600

 
$
(131
)
 
$
13,469

Capital lease obligations
66

 

 
66

 
105

 

 
105

Total long term debt
21,666

 
(65
)
 
21,601

 
13,705

 
(131
)
 
13,574

Less: Current portion of long-term debt
48

 

 
48

 
48

 

 
48

Long-term debt, excluding current portion
$
21,618

 
$
(65
)
 
$
21,553

 
$
13,657

 
$
(131
)
 
$
13,526


(1)
DFC refers to deferred financing costs related to the Company's long-term debt.
Schedule of Debt
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 were 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
 
 
2019
 
$
21,661

2020
 
5

Total
 
$
21,666