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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt consists of the following:

 

December 31,

 

2018

 

 

2017

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Term loan

 

$

 

9,643

 

 

$

 

21,541

 

Revolving credit facility

 

 

 

18,204

 

 

 

 

38,024

 

Notes

 

 

 

19,000

 

 

 

 

19,000

 

Capital leases

 

 

 

1,502

 

 

 

 

1,897

 

 

 

 

 

48,349

 

 

 

 

80,462

 

Less: current portion of long-term debt

 

 

 

(3,907

)

 

 

 

(4,707

)

Less: deferred financing costs

 

 

 

(1,603

)

 

 

 

(749

)

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

$

 

42,839

 

 

$

 

75,006

 

 

Schedule of Maturities of Long-term Debt

The aggregate annual principal payments due under our Credit Agreement at December 31, 2018, are as follows:

 

(dollars in thousands)

 

 

 

 

 

2019

 

$

 

1,429

 

2020

 

 

 

1,429

 

2021

 

 

 

1,429

 

2022

 

 

 

1,429

 

2023

 

 

 

22,131

 

 

 

$

 

27,847

 

Future Minimum Lease Payments for Capital Leases

As of December 31, 2018, future minimum lease payments applicable to capital leases were as follows:

 

2019

 

 

 

605

 

2020

 

 

 

583

 

2021

 

 

 

471

 

2022

 

 

 

56

 

2023

 

 

 

15

 

Total minimum capital lease payments

 

$

 

1,730

 

Less amounts representing interest

 

 

 

(228

)

Present value of net minimum capital lease payments

 

$

 

1,502

 

Less current obligation

 

 

 

(478

)

Total long-term capital lease obligation

 

$

 

1,024