Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

v3.19.1
Long-Term Debt
3 Months Ended
Mar. 31, 2019
Long-Term Debt [Abstract]  
Long-Term Debt

NOTE 5.  LONG-TERM DEBT



Long-term debt as of March 31, 2019 and December 31, 2018, was as follows:















 

 

 

 

 

 



 

March 31, 2019

 

December 31, 2018



 

 

 

 

 

 

Revolving credit facility (a)

 

$

18,271 

 

$

22,062 

Other

 

 

 -

 

 

84 



 

 

18,271 

 

 

22,146 

Less current portion

 

 

 -

 

 

(41)



 

$

18,271 

 

$

22,105 



(a)

As of March 31, 2019, the Company had drawn $18,271 on the approximately $50,000 of the revolving commitment that was available under the credit agreement with JPMorgan Chase Bank, N.A., with a maturity date of June 27, 2022. Approximately $32,000 was still available to borrow at March 31, 2019. The Company pays interest monthly on any borrowings on the Credit Agreement at London Inter-bank Offered Rate (“LIBOR”) plus 1.5%  (3.9893% and 3.8493% as of March 31, 2019 and December 31, 2018, respectively), and an annual commitment fee of .25% on the unused portion of the commitment.