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Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consists of the following amounts as of March 31, 2025 and December 31, 2024 (in thousands):
March 31, 2025December 31, 2024
Long-term debt:
  Senior Credit Facility (1) (2)
$101,000 $106,000 
  Subordinated Debt
— — 
Total long-term debt101,000 106,000 
Total debt$101,000 $106,000 
(1) As of March 31, 2025 and December 31, 2024, the weighted average interest rate on the Senior Credit Facility was 7.57% and 7.59%, respectively.
(2) As of March 31, 2025 and December 31, 2024, we had $35.7 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 March 31,
20252024
Senior Credit Facility$1,595 $1,335 
Letters of credit fees and commitment fees40 384 
Amortization of deferred financing costs
167 206 
Other
16 4 
Interest Expense
$1,818 $1,929