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Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments

Debt consisted of the following as of September 30, 2016 and December 31, 2015:

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

September 30,

2016

 

 

December 31,

2015

 

Business line of credit payable on a revolving basis, plus interest based on adjustable rate as determined by one month LIBOR based on our ratio of funded debt to EBITDA, 1.81% as of September 30, 2016.

 

 

20,000

 

 

 

16,000

 

Total debt

 

$

20,000

 

 

$

16,000

 

 

 

 

 

 

 

 

 

 

 

Schedule of Maturities of Long-term Debt

The following is a schedule of future debt maturities as of September 30, 2016, for the years ending December 31 (in thousands):

 

 

 

 

 

 

2016

 

$

 

2017

 

 

 

2018

 

 

 

2019

 

 

 

2020

 

 

20,000

 

Thereafter

 

 

 

 

 

$

20,000