Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt consists of the following amounts (in thousands):



	March 31, 2017		December 31, 2016
Current portion of Senior Credit Facility—Working Capital Line ^{(1) (2)}	$	—	$	29,000
Current portion of Senior Credit Facility—Acquisition Line⁽²⁾	22,236		22,287
Current portion of Note Payable—Pacific Summit Energy	8,185		15,501
Convertible subordinated notes to affiliate	—		6,582
Total current debt	30,421		73,370
Subordinated Debt	—		5,000
Total long-term debt	—		5,000
Total debt	$	30,421	$	78,370


(1)	As of March 31, 2017 and December 31, 2016, the Company had $39.3 million and $29.6 million in letters of credit issued, respectively.


(2)	As of March 31, 2017 and December 31, 2016, the weighted average interest rate on the current portion of our Senior Credit Facility was 4.75% and 4.93%, respectively.

Components of Interest Expense

Interest expense consists of the following components for the periods indicated (in thousands):



	Three Months Ended March 31,
	2017		2016
Interest incurred on Senior Credit Facility	$	694	$	318
Accretion related to Earnouts ⁽¹⁾	1,225		—
Letters of credit fees and commitment fees	226		192
Amortization of deferred financing costs	248		117
Interest incurred on convertible subordinated notes to affiliate ⁽²⁾	1,052		126
Interest Expense	$	3,445	$	753

(1) Includes accretion related to the Provider Earnout of $0.1 million and the Major Earnout of $1.1 million for the three months ended March 31, 2017.

(2) Includes amortization of the discount on the convertible subordinated notes to affiliates of $1.0 million