Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of total debt

The table below reflects the Company’s total debt, including borrowings under its credit agreement and master loan agreements for equipment notes:

(dollar amounts in thousands)	Inception Date	Stated Interest Rate (per annum)	Payment Frequency	Term (years)	Outstanding Balance as of June 30, 2022		Outstanding Balance as of December 31, 2021
Credit Agreement
Revolving loans	9/13/2019	Variable	Variable	5	$	51,395	$	—
Equipment Notes
Equipment Note 8	12/27/2019	2.75%	Semi-annual	5	3,987		4,503
Other equipment note	4/11/2022	4.55%	Monthly	5	64		—
					4,051		4,503
Total debt					55,446		4,503
Less: current portion of long-term debt					(1,065)		(1,039)
Long-term debt					$	54,381	$	3,464

Schedule of remaining principal payments for long term obligations

The following table sets forth our remaining principal payments for all of the Company’s outstanding equipment notes as of June 30, 2022:

(in thousands)	Future Equipment Notes Principal Payments
Remainder of 2022	$	529
2023	1,080
2024	2,409
2025	14
2026	14
2027	5
Total future principal payments	4,051
Less: current portion of equipment notes	(1,065)
Long-term principal obligations	$	2,986