DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2024

DERIVATIVE INSTRUMENTS

Schedule of the effect of fair value and cash flow hedge accounting on the statement of operations

The Effect of Cash Flow Hedge Accounting on the Statements of Operations
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
	Interest Expense		Interest Expense		Interest Expense		Interest Expense
Total amounts of income and expense line items presented in the statements of operations in which the effects of cash flow hedges are recorded	$	3,452	$	2,131	$	7,492	$	4,160
The effects of cash flow hedging
Gain or (loss) on cash flow hedging relationships in Subtopic 815-20:
Interest contracts:
Amount of gain or (loss) reclassified from AOCI to income	$	—	$	(1,617)	$	(568)	$	(3,341)
Premium excluded and recognized on an amortized basis		—		35		18		74
Amount of gain or (loss) reclassified from AOCI to income as a result that a forecasted transaction is no longer probable of occurring		—		—		—		—

Schedule of interest rate cap assets

			June 30,		December 31,
	Balance Sheet Location		2024		2023
Derivatives designated as hedging instruments
Interest rate caps	Fair value of derivative instruments - current	$	—	$	515
Interest rate caps	Fair value of derivative instruments - noncurrent	$	—	$	—
Derivatives not designated as hedging instruments
Interest rate caps	Fair value of derivative instruments - current	$	—	$	57
Interest rate caps	Fair value of derivative instruments - noncurrent	$	—	$	—

Components of AOCI

AOCI — January 1, 2024	$	527
Amount recognized in OCI on derivative, intrinsic		(533)
Amount recognized in OCI on derivative, excluded		6
Amount reclassified from OCI into income		—
AOCI — June 30, 2024	$	—