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INDEBTEDNESS (Tables)
12 Months Ended
Dec. 31, 2016
Debt Instrument [Line Items]  
Schedule of Long-term Debt
The amounts borrowed as of December 31, 2016 and December 31, 2015 are as follows (dollars in thousands):
 
December 31,
2016

December 31,
2015
Amounts borrowed:
 
 
 
Revolving credit facility
$
86,000

 
$
101,000

Less: deferred financing costs, net of accumulated amortization of $1,487 and $1,163
(1,240
)
 
(1,564
)
Total borrowed
$
84,760

 
$
99,436

 
 
 
 
Available to be borrowed under revolving facility
$
164,000

 
$
149,000

 
 
 
 
Interest rates:
 
 
 
LIBOR rate loans:
 
 
 
Interest margin
2.00
%
 
2.00
%
Actual interest rates
2.81
%
 
2.25
%