Debt (Tables)

3 Months Ended

Mar. 31, 2019

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 agreement for equipment notes:

					Outstanding			Outstanding
					Balance as of			Balance as of
		Stated Interest	Payment	Term	March 31,			December 31,
(dollar amounts in thousands)	Inception Date	Rate (per annum)	Frequency	(years)	2019			2018
Credit Agreement
Revolving loans	6/30/2016	Variable	Variable	5	$	79,915		$	58,306
Equipment Notes
Equipment Note 1	9/28/2018	4.16%	Semi-annual	5		11,734			12,655
Equipment Note 2	9/28/2018	4.23%	Semi-annual	7		11,745			12,279
Equipment Note 3	12/31/2018	3.97%	Semi-annual	5		2,291			2,291
Equipment Note 4	12/31/2018	4.02%	Semi-annual	7		2,313			2,313
Equipment Note 5	12/31/2018	4.01%	Semi-annual	7		1,948			1,948
						30,031			31,486
Total debt						109,946			89,792
Less: Current portion of long-term debt						(3,742	)		(3,681	)
Long-term debt					$	106,204		$	86,111

Schedule of remaining principal payments for long term obligations

The following table sets forth our remaining principal payments for the Company’s outstanding Equipment Notes as of March 31, 2019:

	Future
	Equipment Notes
(In thousands)	Principal Payments
Remainder of 2019	$	2,225
2020		3,835
2021		3,995
2022		4,164
2023		7,328
2024		1,820
Thereafter		6,664
Total future principal payments	$	30,031
Less: Current portion of equipment notes		(3,742	)
Long-term principal obligations	$	26,289