Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of total debt

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

(dollars in thousands)	Inception Date	Stated Interest Rate (per annum)	Payment Frequency	Term (years)	Outstanding Balance as of December 31, 2023		Outstanding Balance as of December 31, 2022
Credit Agreement
Revolving loans	5/31/2023	Variable	Variable	5	$	13,201	$	12,915
Equipment Notes
Equipment Note 8	12/27/2019	2.75%	Semi-annual	5	2,871		3,464
Equipment Note 10	8/26/2022	4.32%	Semi-annual	5	20,125		24,119
Other equipment note	4/11/2022	4.55%	Monthly	5	44		55
					23,040		27,638
Total debt					36,241		40,553
Less: current portion of long-term debt					(7,053)		(5,074)
Long-term debt					$	29,188	$	35,479

Schedule of remaining principal payments for long term obligations

The following table sets forth our remaining principal payments for the Company’s outstanding Equipment Note as of December 31, 2023:

(in thousands)	Future Equipment Notes Principal Payments
2024	$	7,053
2025	4,364
2026	4,555
2027	7,068
2028	—
Thereafter	—
Total future principal payments	$	23,040
Less: current portion of equipment notes	(7,053)
Long-term principal obligations	$	15,987