INDEBTEDNESS (Tables)

12 Months Ended

Dec. 31, 2022

Debt Instrument [Line Items]

Schedule of Long-term Debt

The amounts borrowed as of December 31, 2022 and 2021 are as follows (dollars in thousands):

	December 31, 2022			December 31, 2021
Amounts borrowed:
Revolving credit facility	$	30,000		$	23,000
Less: deferred financing costs, net of accumulated amortization of $467 as of December 31, 2021(1)	—			(270)
Total borrowed	$	30,000		$	22,730
Available to be borrowed under revolving facility	$	70,000		$	67,000
Interest rates:
LIBOR rate loans:
Interest margin	2.35		%	1.75		%
Actual interest rates	6.67		%	1.88		%
Commitment Fee	0.40		%	0.30		%
(1) In connection with the new Credit Agreement entered into during the second quarter of 2022, the Company recorded deferred financing costs of $0.7 million to other assets on the consolidated balance sheets. Accumulated amortization as of December 31, 2022 was less than $0.1 million.