Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following amounts as of December 31, 2023 and 2022 (in thousands):

	December 31, 2023		December 31, 2022
Long-term debt:
Senior Credit Facility (1) (2)	$	97,000	$	100,000
Subordinated Debt	—		20,000
Total long-term debt	97,000		120,000
Total debt	$	97,000	$	120,000

(1) As of December 31, 2023 and 2022, the weighted average interest rate on the Senior Credit Facility was 8.60% and 7.83%, respectively.

(2) As of December 31, 2023 and 2022, we had $24.3 million and $34.4 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,
	2023		2022		2021
Senior Credit Facility	$	6,802	$	4,333	$	2,206
Letters of credit fees and commitment fees	1,640		1,637		1,417
Amortization of deferred financing costs	825		1,125		997
Other	67		109		306
Interest expense	$	9,334	$	7,204	$	4,926