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DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Amount and Location of Derivatives in the Balance Sheet
The following table summarizes the amount and location of the Company’s derivative instruments in the condensed consolidated balance sheets (in thousands):
Fair Value - Derivatives in Asset Position
DerivativeBalance Sheet CaptionMarch 31, 2024December 31, 2023
Interest rate cap designated as cash flow hedgePrepaid expenses and other current assets$10,421 $9,746 
Interest rate cap designated as cash flow hedgeOther noncurrent assets11,513 10,183 
Total derivative assets$21,934 $19,929 
Schedule of Pre-tax Gains (Losses) Recognized in the Statements of Comprehensive Income (Loss) The following table presents the pre-tax gain (loss) from derivative instruments recognized in other comprehensive income (loss) in the Company’s unaudited condensed consolidated statements of comprehensive income (in thousands):
Three Months Ended March 31,
Derivative20242023
Interest rate cap designated as cash flow hedge$2,005 $(4,595)
The following table presents the amount and location of pre-tax income recognized in the Company’s unaudited condensed consolidated statements of comprehensive income related to the Company’s derivative instruments (in thousands):
Three Months Ended March 31,
DerivativeIncome Statement Caption20242023
Interest rate cap designated as cash flow hedgeInterest expense, net$2,980 $2,352