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Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | Debt consists of the following amounts as of June 30, 2025 and December 31, 2024 (in thousands):
| June 30, 2025 |  | December 31, 2024
Long-term debt: |  |  |
Senior Credit Facility (1) (2) | $ | 100,000 |  |  | $ | 106,000 |
Subordinated Debt | — |  |  | — |
Total long-term debt | 100,000 |  |  | 106,000 |
Total debt | $ | 100,000 |  |  | $ | 106,000 |
(1) As of June 30, 2025 and December 31, 2024, the weighted average interest rate on the Senior Credit Facility was 7.58% and 7.59%, respectively. (2) As of June 30, 2025 and December 31, 2024, we had $31.2 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 June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Senior Credit Facility | $ | 1,298 |  |  | $ | 1,094 |  |  | $ | 2,893 |  |  | $ | 2,429 |
Letters of credit fees and commitment fees | 71 |  |  | 337 |  |  | 111 |  |  | 721 |
Amortization of deferred financing costs | 167 |  |  | 312 |  |  | 334 |  |  | 518 |
Other | 3 |  |  | — |  |  | 19 |  |  | 4 |
Interest Expense | $ | 1,539 |  |  | $ | 1,743 |  |  | $ | 3,357 |  |  | $ | 3,672 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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