INDEBTEDNESS (Tables)

9 Months Ended

Sep. 30, 2019

Debt Instrument [Line Items]

Schedule of Long-term Debt

The amounts borrowed as of September 30, 2019 and December 31, 2018 are as follows (dollars in thousands):

	September 30, 2019			December 31, 2018
Amounts borrowed:
Revolving credit facility	$	8,000		$	18,000
Less: deferred financing costs, net of accumulated amortization of $135 and $25	(602		)	(712		)
Total borrowed	$	7,398		$	17,288
Available to be borrowed under revolving facility, subject to certain limitations	$	82,000		$	72,000
Interest rates:
LIBOR rate loans:
Interest margin	1.75		%	1.75		%
Actual interest rates	3.81		%	4.25		%