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DERIVATIVE INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 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 CaptionJune 30, 2024December 31, 2023
Interest rate cap designated as cash flow hedgePrepaid expenses and other current assets$10,542 $9,746 
Interest rate cap designated as cash flow hedgeOther noncurrent assets10,252 10,183 
Total derivative assets$20,794 $19,929 
Schedule of Pre-tax Gains (Losses) Recognized in the Statements of Comprehensive Income (Loss) The following table presents the pre-tax (loss) gain from derivative instruments recognized in other comprehensive (loss) income in the Company’s unaudited condensed consolidated statements of comprehensive income (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Derivative2024202320242023
Interest rate cap designated as cash flow hedge$(1,141)$4,394 $865 $(201)
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 June 30,Six Months Ended June 30,
DerivativeIncome Statement Caption2024202320242023
Interest rate cap designated as cash flow hedgeInterest expense, net$2,969 $2,719 $5,948 $5,071