Debt (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023		Outstanding Balance as of December 31, 2022
Credit Agreement
Revolving loans	5/31/2023	Variable	Variable	5	$	19,999	$	12,915
Equipment Notes
Equipment Note 8	12/27/2019	2.75%	Semi-annual	5	2,933		3,464
Equipment Note 10	8/26/2022	4.32%	Semi-annual	5	22,142		24,119
Other equipment note	4/11/2022	4.55%	Monthly	5	51		55
					25,126		27,638
Total debt					45,125		40,553
Less: current portion of long-term debt					(5,175)		(5,074)
Long-term debt					$	39,950	$	35,479

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, 2023:

(in thousands)	Future Equipment Notes Principal Payments
Remainder of 2023	$	2,563
2024	6,578
2025	4,364
2026	4,555
2027	7,066
2028	—
Total future principal payments	25,126
Less: current portion of equipment notes	(5,175)
Long-term principal obligations	$	19,951