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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt consists of the following:

 

December 31,

 

2019

 

 

2018

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Term loan

 

$

 

8,215

 

 

$

 

9,643

 

Revolving credit facility

 

 

 

39,480

 

 

 

 

18,204

 

Notes

 

 

 

17,000

 

 

 

 

19,000

 

Finance leases

 

 

 

1,026

 

 

 

 

1,502

 

 

 

 

 

65,721

 

 

 

 

48,349

 

Less: current portion of long-term debt

 

 

 

(3,934

)

 

 

 

(3,907

)

Less: deferred financing costs

 

 

 

(1,376

)

 

 

 

(1,603

)

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

$

 

60,411

 

 

$

 

42,839

 

 

Schedule of Maturities of Long-term Debt

The aggregate annual principal payments due under our Credit Agreement at December 31, 2019, are as follows:

 

(dollars in thousands)

 

 

 

 

 

2020

 

$

 

1,429

 

2021

 

 

 

1,429

 

2022

 

 

 

1,429

 

2023

 

 

 

43,408

 

 

 

$

 

47,695