NOTES PAYABLE AND AMENDED CREDIT AGREEMENT (Tables)

9 Months Ended

Sep. 30, 2017

NOTES PAYABLE AND AMENDED CREDIT AGREEMENT [Abstract]

Summary of Credit Agreement and Notes Payable

Amounts outstanding under the Amended Credit Agreement and notes payable as of September 30, 2017 and December 31, 2016 consisted of the following (in thousands):

	September 30, 2017			December 31, 2016
Credit Agreement average effective interest rate of 3.0% inclusive of unused fee	$	56,000		$	46,000
Various notes payable with $2,745 plus accrued interest due in the next year, interest accrues in the range of 3.25% through 4.0% per annum		6,697			5,823
		62,697			51,823
Less current portion		(2,745	)		(1,227	)
Long term portion	$	59,952		$	50,596

Summary of Aggregate Annual Payments of Principal Required to Revolving Credit Facility

Aggregate annual payments of principal required pursuant to the Amended Credit Agreement and the above notes payable subsequent to September 30, 2017 are as follows (in thousands):

During the twelve months ended September 30, 2018	$	2,745
During the twelve months ended September 30, 2019		59,952
	$	62,697