v3.26.1
INDEBTEDNESS (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The amounts borrowed as of March 31, 2026 and December 31, 2025 are as follows (dollars in thousands):

 March 31,
2026		December 31,
2025
Long-term debt under revolving credit facility(1)
$33,000 $30,000 
Available to be borrowed under revolving facility(2)
$56,000 $51,000 
Interest rate and margin:
Interest margin(3)
1.00 %2.10 %
Actual interest rates(4)
7.75 %5.83 %
Commitment fee0.35 %0.35 %
(1) In connection with the Credit Agreement, as of March 31, 2026 and December 31, 2025, the Company had deferred financing costs of $0.7 million and $0.7 million, respectively, and accumulated amortization of $0.6 million and $0.5 million, respectively, recorded in other assets on the condensed consolidated balance sheets.
(2) The amount available to be borrowed was subject to certain limitations, such as a consolidated leverage ratio which generally limited borrowings to 2.5 times annual Adjusted EBITDA, as defined in the Credit Agreement.
(3) Computed as the weighted average interest margin on all borrowings, including an additional spread of 0.10%, as applicable.
(4) Computed as the weighted average interest rate on all borrowings.