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INDEBTEDNESS (Tables)
 3 Months Ended
Mar. 31, 2017
Debt Instrument [Line Items]  
Schedule of Long-term Debt
The amounts borrowed as of March 31, 2017 and December 31, 2016 are as follows (dollars in thousands):
 
March 31,
2017

December 31,
2016
Amounts borrowed:
 
 
 
Revolving credit facility
$
78,000

 
$
86,000

Less: deferred financing costs, net of accumulated amortization of $1,568 and $1,487
(1,159
)
 
(1,240
)
Total borrowed
$
76,841

 
$
84,760

 
 
 
 
Available to be borrowed under revolving facility
$
172,000

 
$
164,000

 
 
 
 
Interest rates:
 
 
 
LIBOR rate loans:
 
 
 
Interest margin
2.00
%
 
2.00
%
Actual interest rates
3.00
%
 
2.81
%