Debt (Tables)

6 Months Ended

Jun. 30, 2017

Debt consists of the following amounts (in thousands):



	June 30, 2017		December 31, 2016
Current Portion of Senior Credit Facility - Bridge Loan	$	7,500	$	—
Current portion of Prior Senior Credit Facility—Working Capital Line ^{(1) (2)}	$	—	$	29,000
Current portion of Prior Senior Credit Facility—Acquisition Line⁽²⁾	—		22,287
Current portion of Note Payable—Pacific Summit Energy	—		15,501
Convertible subordinated notes to affiliate	—		6,582
Total current debt	7,500		73,370
Long-term portion of Senior Credit Facility	76,500		—
Subordinated Debt	15,000		5,000
Total long-term debt	91,500		5,000
Total debt	$	99,000	$	78,370

(1) As of June 30, 2017 and December 31, 2016, the Company had $33.7 million and $29.6 million in letters of credit issued, respectively.

(2) As of June 30, 2017 and December 31, 2016, the weighted average interest rate on the current portion of our Senior Credit Facility was 4.62% and 4.93%, respectively.

Components of Interest Expense

Interest expense consists of the following components for the periods indicated (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Interest incurred on Senior Credit Facility ⁽¹⁾	$	543	$	405	$	1,237	$	723
Accretion related to Earnouts ⁽²⁾	1,433		—		2,660		—
Letters of credit fees and commitment fees	193		183		417		375
Amortization of deferred financing costs	283		117		531		234
Interest incurred on convertible subordinated notes to affiliate ⁽³⁾	—		127		1,052		253
Interest Expense	$	2,452	$	832	$	5,897	$	1,585

(1) Financial information has been recast to include results attributable to the acquisition of the Major Energy Companies by an affiliate on April 15, 2016. See Note 2 and 3 "Basis of Presentation and Summary of Significant Accounting Policies" and "Acquisitions" for further discussion.

(2) Includes accretion related to the Provider Earnout of less than $0.1 million and the Major Earnout of $1.4 million for the three months ended June 30, 2017, and accretion related to the Provider Earnout of $0.1 million and the Major Earnout of $2.6 million for the six months ended June 30, 2017.

(3) Includes amortization of the discount on the convertible subordinated notes to affiliates of $0.0 million and $0.0 million, respectively, for the three and six months ended June 30, 2017, and amortization of the discount on the convertible subordinated notes to affiliates of less than $0.1 million and $0.1 million, respectively, for the three and six months ended June 30, 2016.