Corporate Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table presents the Company’s outstanding indebtedness:

Description(a)	March 31, 2020		December 31, 2019
Credit Agreement - Revolver, 1.74% (variable rate) due 2025	$	55,000	$	—
Previous Credit Agreement - Revolver, 3.19% (variable rate) due 2022	—		300
Secured Promissory Note, 3.71% (fixed rate) due 2022	1,109		1,208
Prudential Note Purchase Agreement, 3.53% (fixed rate) due 2027	20,000		20,000
Prudential Note Purchase Agreement, 3.80% (fixed rate) due 2029	20,000		20,000
Total indebtedness outstanding	96,109		41,508
Less unamortized loan fees(b)	(1,554)		(448)
Total indebtedness outstanding, net	94,555		41,060
Less current maturities of long-term debt	(404)		(401)
Long-term debt	$	94,151	$	40,659

(a) Interest rates are as of March 31, 2020, except for the Previous Credit Agreement which is as of December 31, 2019.

(b) Loan fees are being amortized over the life of the Credit Agreement and Note Purchase Agreement.