Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following amounts as of December 31, 2022 and 2021 (in thousands):

	December 31, 2022		December 31, 2021
Long-term debt:
Senior Credit Facility (1) (2)	$	100,000	$	135,000
Subordinated Debt	20,000		—
Total long-term debt	120,000		135,000
Total debt	$	120,000	$	135,000

(1) As of December 31, 2022 and 2021, the weighted average interest rate on the Senior Credit Facility was 7.83% and 3.24%, respectively.

(2) As of December 31, 2022 and 2021, we had $34.4 million and $27.7 million in letters of credit issued, respectively.

Schedule of Components of Interest Expense

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

	Years Ended December 31,
	2022		2021		2020
Senior Credit Facility	$	4,333	$	2,206	$	2,291
Letters of credit fees and commitment fees	1,637		1,417		1,472
Amortization of deferred financing costs	1,125		997		1,210
Other	109		306		293
Interest expense	$	7,204	$	4,926	$	5,266