Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following amounts as of June 30, 2019 and December 31, 2018 (in thousands):

	June 30, 2019		December 31, 2018
Current:
Note Payable—Verde Notes	$	—	$	6,936
Total current portion of debt	—		6,936
Long-term debt:
Senior Credit Facility (1) (2)	94,000		129,500
Subordinated Debt	—		10,000
Total long-term debt	94,000		139,500
Total debt	$	94,000	$	146,436

(1) As of June 30, 2019 and December 31, 2018, the weighted average interest rate on the Senior Credit Facility was 5.47% and 5.48%, respectively.

(2) As of June 30, 2019 and December 31, 2018, we had $41.7 million and $49.4 million in letters of credit issued, 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,
	2019		2018		2019		2018
Senior Credit Facility	$	1,179	$	1,208	$	2,621	$	2,472
Subordinated debt	—		6		4		7
Note Payable—Verde Notes	89		363		230		690
Letters of credit fees and commitment fees	490		422		858		780
Amortization of deferred financing costs	237		317		505		612
Interest Expense	$	1,995	$	2,316	$	4,218	$	4,561