DEBT (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of long-term debt

Our long-term debt balances included the following components as of the specified dates:

	June 30, 2021		December 31, 2020
	(in thousands)
Revolving Credit Facility	$	179,000	$	197,000
Less: Deferred financing costs, net	(1,105)		(1,520)
Total long-term debt, net	$	177,895	$	195,480

Schedule of line of credit facilities

We determined the capacity available to us under the terms of our Credit Agreement was as follows as of the specified dates:

	June 30, 2021		December 31, 2020
	(in millions)
Aggregate borrowing capacity under Credit Agreement	$	385.0	$	385.0
Less: Revolving Credit Facility amounts outstanding	179.0		197.0
Available under the Credit Agreement based on capacity	$	206.0	$	188.0
Available under the Credit Agreement based on covenants (1)	$	97.3	$	53.2

(1)    Pursuant to the terms of our Credit Agreement, our borrowing capacity, currently, is limited to 4.5 times our trailing 12-month consolidated EBITDA, which equates to $97.3 million and $53.2 million of borrowing capacity available at June 30, 2021 and December 31, 2020, respectively.

Schedule of interest expense, net

Interest expense associated with our outstanding indebtedness was as follows for the specified periods:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)
Interest expense on the Credit Agreement	$	1,384	$	2,049	$	2,912	$	4,581
Amortization of deferred financing costs	207		207		414		414
Total interest expense	$	1,591	$	2,256	$	3,326	$	4,995