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Debt (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consists of the following amounts as of March 31, 2022 and December 31, 2021 (in thousands):
March 31, 2022December 31, 2021
Long-term debt:
  Senior Credit Facility (1) (2)
$106,000 $135,000 
  Subordinated Debt
15,000 — 
Total long-term debt121,000 135,000 
Total debt$121,000 $135,000 
(1) As of March 31, 2022 and December 31, 2021, the weighted average interest rate on the Senior Credit Facility was 3.51% and 3.24%, respectively.
(2) As of March 31, 2022 and December 31, 2021, we had $28.3 million and $27.7 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,
20222021
Senior Credit Facility$696 $468 
Letters of credit fees and commitment fees365 402 
Amortization of deferred financing costs
245 259 
Other
1 182 
Interest Expense
$1,307 $1,311