Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following amounts as of March 31, 2020 and December 31, 2019 (in thousands):

	March 31, 2020		December 31, 2019
Long-term debt:
Senior Credit Facility (1) (2)	95,000		123,000
Total long-term debt	95,000		123,000
Total debt	$	95,000	$	123,000

(1) As of March 31, 2020 and December 31, 2019, the weighted average interest rate on the Senior Credit Facility was 4.14% and 4.71%, respectively.

(2) As of March 31, 2020 and December 31, 2019, we had $35.2 million and $37.4 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 March 31,
	2020		2019
Senior Credit Facility	$	911	$	1,442
Verde promissory note	—		141
Letters of credit fees and commitment fees	392		368
Amortization of deferred financing costs	250		268
Subordinated debt	—		4
Interest Expense	$	1,553	$	2,223