v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consists of the following amounts as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
Long-term debt:
  Senior Credit Facility (1) (2)
$100,000 $106,000 
  Subordinated Debt
— — 
Total long-term debt100,000 106,000 
Total debt$100,000 $106,000 
(1) As of June 30, 2025 and December 31, 2024, the weighted average interest rate on the Senior Credit Facility was 7.58% and 7.59%, respectively.
(2) As of June 30, 2025 and December 31, 2024, we had $31.2 million and $25.6 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):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Senior Credit Facility$1,298 $1,094 $2,893 $2,429 
Letters of credit fees and commitment fees71 337 111 721 
Amortization of deferred financing costs
167 312 334 518 
Other
3 — 19 4 
Interest Expense
$1,539 $1,743 $3,357 $3,672