LINE OF CREDIT AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Components of Long-term Debt

Debt consisted of the following as of December 31:

($ in thousands)	2023		2022
Revolving line-of-credit	$	47,942	$	—
Notes payable	—		50,154
Total short-term and long-term debt	47,942		50,154
Less: current maturities of long-term debt and deferred loan costs1	—		(1,993)
Long-term debt, less current portion	$	47,942	$	48,161
1The deferred loan costs for revolving line-of-credit as of December 31, 2023 were recorded under the caption Other Assets on the Consolidated Balance Sheets.

Schedule of Outstanding Indebtedness and Respective Principal Maturities

The following table summarizes debt maturities, outstanding indebtedness, and respective principal maturities as of December 31, 2023:

($ in thousands)	Stated Rate	Effective Rate	Maturity	2024		2025		2026		2027		2028		Thereafter		Total
Revolving line-of-credit 1	S+2.25%	7.59%	1/1/2029	—		—		—		—		—		47,942		47,942
				$	—	$	—	$	—	$	—	$	—	$	47,942	$	47,942
1The effective interest rate on this line of credit is SOFR plus a margin of 2.25%, and the rate was 7.59% as of December 31, 2023.