TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Term debt

The following table presents the Term Debt at December 31, 2017:

	(in thousands)
Term Debt, principal amount	$	74,000
Less unamortized debt issuance costs	1,239
Term Debt, principal net of unamortized debt issuance costs	$	72,761
Effective interest rate	3.8		%

Schedule of future scheduled principal payments

At December 31, 2017, future scheduled principal payments on the Company's Term Debt are summarized as follows:

	(in thousands)
2018	$	—
2019	74,000
	$	74,000