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Interest Costs (Tables)
3 Months Ended
Mar. 31, 2023
Text Block [Abstract]  
Summary of Interest Costs

The following is a summary of our interest costs for the three-month periods ended March 31, 2023 and 2022 (in thousands):

 

 

For the Three Months
Ended March 31,

 

 

 

2023

 

 

2022

 

Interest costs charged to expense

 

$

14,497

 

 

$

9,827

 

Amortization of deferred financing costs

 

 

630

 

 

 

939

 

Amortization of the purchase price of interest rate caps

 

 

134

 

 

 

8

 

Interest rate cap benefit

 

 

(6,393

)

 

 

 

Accretion of debt discount

 

 

108

 

 

 

115

 

Interest expense

 

 

8,976

 

 

 

10,889

 

Interest costs capitalized to property and equipment

 

 

497

 

 

 

40

 

Interest costs capitalized to software

 

 

157

 

 

 

97

 

Total interest costs

 

$

9,630

 

 

$

11,026