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Debt (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s outstanding debt consisted of the following:
(in thousands)As of June 30, 2024As of December 31, 2023
Amount
Rate (1)
Amount
Rate (1)
Maturity Date
Short-term financing:
Revolving credit facility *$40,000 8.78%$50,000 8.71%March 21, 2025
$25 Million Loan Agreement
25,000 9.32%25,000 9.44%
May 20, 2025
$50 Million Loan Agreement
50,000 9.38%50,000 9.44%November 30, 2024
$30 Million Loan Agreement
19,820 9.36%19,820 9.41%March 31, 2025
Total short-term debt$134,820 $144,820 
Long-term debt:
Finance leases and other debt292 **399 **Various
Total long-term debt and finance leases292 399 
Less: Current maturities of long-term debt and finance leases173 215 
Long-term debt$119 $184 
*
Unamortized financing costs and deferred fees on the revolving credit facility are not presented in the above table as they are classified in Prepaid expenses and other current assets on the Consolidated Balance Sheet. Unamortized debt issuance costs, were $0.1 million and $0.2 million as of June 30, 2024 and December 31, 2023, respectively.
**
Finance lease obligations are a non-cash financing activity. See Note 8. Leases.
(1)Includes the weighted average interest rate.