Table:
|  |  | Years Ended December 31, |  |
| --- | --- | --- | --- |
|  | 2019 | 2018 | 2017 |
| Average daily utilization | $87,800 | $106,189 | $268,775 |
| Interest expense (1) | $3,465 | $3,817 | $6,668 |
| Weighted average interest rate (1) | 3.9% | 3.6% | 2.5% |
Paragraphs:
The following table presents information related to our credit agreements (dollars in thousands):
(1) Excludes the amortization of deferred loan fees and includes the commitment fee.
In January 2018, the Company repaid $175.0 million of long-term debt outstanding under its 2015 Credit Agreement, primarily using funds repatriated from its foreign subsidiaries.
Question:
What does interest expense exclude?
Answer: the amortization of deferred loan fees and includes the commitment fee.