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DERIVATIVE AND HEDGING INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amount of Derivatives Instruments
The following presents the notional amount of derivative instruments as of the dates indicated (in thousands):  
As of December 31,
20252024
Derivatives designated as cash flow hedges:
Denominated in U.S. Dollars$930,000 $430,000 
Denominated in Canadian Dollars$150,000 $150,000 
Derivatives designated as net investment hedges:
Denominated in Canadian Dollars$— $46,270 
Financial instruments designated as net investment hedges:
Denominated in Canadian Dollars$183,700 $189,600 
Derivatives not designated as net investment hedges:
Denominated in Canadian Dollars$— $10,030 
Schedule of Derivative and Financial Instruments Designated as Hedging Instruments
The following is a summary of the derivative and financial instruments designated as hedging instruments held by the Company at December 31, 2025 and 2024 (dollars in thousands):    
Count as of December 31, 2025
Maturity Dates as of December 31, 2025
Fair Value as of December 31,
TypeDesignation20252024Balance Sheet Location
Assets:
Interest rate swapsCash flow$3,378 $14,085 2028Accounts receivable, prepaid expenses and other assets, net
Cross currency interest rate swapsNet investment— — 6,290 Accounts receivable, prepaid expenses and other assets, net
$3,378 $20,375 
Liabilities:
Interest rate swapsCash flow$1,281 $— 2028 - 2030Accounts payable and accrued liabilities
CAD borrowings under Revolving Credit FacilityNet investment24,584 27,554 2027Revolving credit facility
CAD Term LoanNet investment109,425 104,370 2028Term loans, net
$135,290 $131,924 
Schedule of Effect of Derivatives and Financial Instruments Designated as Hedging Instruments on Income and Equity
The following presents the effect of the Company’s derivative and financial instruments designated as hedging instruments on the consolidated statements of income and the consolidated statements of equity for the years ended December 31, 2025, 2024 and 2023 (in thousands):
(Loss) Gain Recognized in Other Comprehensive (Loss) IncomeGain Reclassified from Accumulated Other Comprehensive (Loss) Income
Into Income
Income Statement Location
For the year ended December 31,
202520242023202520242023
Cash Flow Hedges:
Interest rate products$(4,322)$12,549 $13,116 $6,445 $9,413 $8,332 Interest expense
Net Investment Hedges:
Foreign currency products(1,418)3,075 (664)— — — N/A
CAD borrowings under Revolving Credit Facility(417)(1,916)(3,456)— — — N/A
CAD Term Loan(5,055)8,820 (2,465)— — — N/A
$(11,212)$22,528 $6,531 $6,445 $9,413 $8,332 
Schedule of Gross Presentation, Effects of Offsetting, and a Net Presentation of Derivatives, Assets The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of December 31, 2025 and 2024 (in thousands):
As of December 31, 2025
Gross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset in the Balance SheetNet Amounts of Assets / Liabilities presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
Financial InstrumentsCash Collateral ReceivedNet Amount
Offsetting Assets:
Derivatives$3,378 $— $3,378 $(212)$— $3,166 
Offsetting Liabilities:
Derivatives$1,281 $— $1,281 $(212)$— $1,069 
As of December 31, 2024
Gross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset in the Balance SheetNet Amounts of Assets / Liabilities presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
Financial InstrumentsCash Collateral ReceivedNet Amount
Offsetting Assets:
Derivatives$20,375 $— $20,375 $— $— $20,375 
Offsetting Liabilities:
Derivatives$— $— $— $— $— $— 
Schedule of Gross Presentation, Effects of Offsetting, and a Net Presentation of Derivatives, Liabilities The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of December 31, 2025 and 2024 (in thousands):
As of December 31, 2025
Gross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset in the Balance SheetNet Amounts of Assets / Liabilities presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
Financial InstrumentsCash Collateral ReceivedNet Amount
Offsetting Assets:
Derivatives$3,378 $— $3,378 $(212)$— $3,166 
Offsetting Liabilities:
Derivatives$1,281 $— $1,281 $(212)$— $1,069 
As of December 31, 2024
Gross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset in the Balance SheetNet Amounts of Assets / Liabilities presented in the Balance SheetGross Amounts Not Offset in the Balance Sheet
Financial InstrumentsCash Collateral ReceivedNet Amount
Offsetting Assets:
Derivatives$20,375 $— $20,375 $— $— $20,375 
Offsetting Liabilities:
Derivatives$— $— $— $— $— $—