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DEBT OBLIGATIONS
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
DEBT OBLIGATIONS DEBT OBLIGATIONS
The following table presents certain information regarding the Company’s debt obligations at September 30, 2020 and December 31, 2019:
  September 30, 2020December 31, 2019
Debt Obligation/CollateralMonth IssuedOutstanding
Face
Amount
Carrying
Value
Final Stated MaturityWeighted
Average
Coupon
 Weighted Average
Funding
Cost (A)
Weighted Average Life (Years)Face Amount of
Floating Rate Debt
Outstanding Face AmountCarrying Value
Credit Facilities and Finance Leases
Vineyard IIDec 1993$200 $200 Dec 20433.09%3.09 %23.2$— $200 $200 
Finance leases (Equipment)Jul 2014 - Sep 202018,818 18,818 Oct 2020 - Apr 2026
3.00% to 15.00%
6.97 %3.5— 19,079 19,079 
19,018 19,018 6.93 %3.7— 19,279 19,279 
Less current portion of obligations under finance leases6,583 6,583 6,154 6,154 
Credit facilities and obligations under finance leases - noncurrent12,435 12,435 13,125 13,125 
Corporate         
Junior subordinated notes payable (B)Mar 200651,004 51,185 Apr 2035
LIBOR+2.25%
2.49 %14.651,004 51,004 51,192 
Total debt obligations $70,022 $70,203    3.69 %11.6$51,004 $70,283 $70,471 
Including the effect of deferred financing costs. (B)Interest rate based on 3 month LIBOR plus 2.25%. Collateral for this obligation is the Company's general credit.