Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Debt consists of the following amounts as of June 30, 2020 and December 31, 2019 (in thousands):

	June 30, 2020		December 31, 2019
Long-term debt:
Senior Credit Facility (1) (2)	$	100,000	$	123,000
Total long-term debt	100,000		123,000
Total debt	$	100,000	$	123,000

(1) As of June 30, 2020 and December 31, 2019, the weighted average interest rate on the Senior Credit Facility was 3.43% and 4.71%, respectively.

(2) As of June 30, 2020 and December 31, 2019, we had $35.0 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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Senior Credit Facility	$	516	$	1,179	$	1,427	$	2,621
Verde promissory note	—		89		—		230
Letters of credit fees and commitment fees	437		490		829		858
Amortization of deferred financing costs	240		237		490		505
Subordinated debt	—		—		—		4
Interest Expense	$	1,193	$	1,995	$	2,746	$	4,218