XML 49 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1
INDEBTEDNESS (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Instrument [Line Items]  
Schedule of Long-term Debt
The amounts borrowed as of December 31, 2023 and 2022 are as follows (dollars in thousands):
 December 31,
2023		December 31,
2022
Long-term debt under revolving credit facility(1)
$38,000 $30,000 
Available to be borrowed under revolving facility(2)
$62,000 $70,000 
Interest rates:
LIBOR rate loans:
Interest margin(3)
2.35 %2.35 %
Actual interest rates7.71 %6.67 %
Commitment Fee0.40 %0.40 %
(1) In connection with the Credit Agreement, during the second quarter of 2022, the Company recorded deferred financing costs of $0.7 million recorded to other assets on the condensed consolidated balance sheets. Accumulated amortization as of December 31, 2023 was $0.2 million.
(2) The amount available to be borrowed is subject to certain limitations, such as a consolidated leverage ratio, as defined in the Credit Agreement.
(3) Includes additional spread of 0.10%.