INDEBTEDNESS (Tables)

9 Months Ended

Sep. 30, 2020

Debt Instrument [Line Items]

Schedule of Long-term Debt

The amounts borrowed as of September 30, 2020 and December 31, 2019 are as follows (dollars in thousands):

	September 30, 2020			December 31, 2019
Amounts borrowed:
Revolving credit facility	$	37,000		$	10,000
Less: deferred financing costs, net of accumulated amortization of $282 and $172	(454)			(565)
Total borrowed	$	36,546		$	9,435
Available to be borrowed under revolving facility, subject to certain limitations	$	53,000		$	80,000
Interest rates:
LIBOR rate loans:
Interest margin	2.00		%	1.75		%
Actual interest rates	2.19		%	3.56		%
Commitment Fee	0.35		%	0.30		%