Debt (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following amounts as of March 31, 2021 and December 31, 2020 (in thousands):

	March 31, 2021		December 31, 2020
Long-term debt:
Senior Credit Facility (1) (2)	$	135,000	$	100,000
Subordinated Debt	10,000		—
Total long-term debt	145,000		100,000
Total debt	$	145,000	$	100,000

(1) As of March 31, 2021 and December 31, 2020, the weighted average interest rate on the Senior Credit Facility was 3.75% and 3.75%, respectively.

(2) As of March 31, 2021 and December 31, 2020, we had $29.7 million and $31.0 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 March 31,
	2021		2020
Senior Credit Facility	$	468	$	911
Letters of credit fees and commitment fees	402		392
Amortization of deferred financing costs	259		250
Other	182		—
Interest Expense	$	1,311	$	1,553