v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consists of the following amounts as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026December 31, 2025
Long-term debt:
  Senior Credit Facility (1) (2)
$130,000 $120,000 
  Subordinated Debt
— — 
Total long-term debt130,000 120,000 
Total debt$130,000 $120,000 
(1) As of March 31, 2026 and December 31, 2025, the weighted average interest rate on the Senior Credit Facility was 6.91% and 6.95%, respectively.
(2) As of March 31, 2026 and December 31, 2025, we had $37.9 million and $36.7 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,
20262025
Senior Credit Facility$1,795 $1,595 
Letters of credit fees and commitment fees492 40 
Amortization of deferred financing costs
229 167 
Other
4 16 
Interest Expense
$2,520 $1,818