Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Dividends Declared and Paid

During the nine months ended September 30, 2023, we declared and paid the following cash dividends (amount declared and amount paid in thousands):

Declaration Date	Record Date	Payment Date	Dividend Per Share		Amount Declared		Amount Paid
2/22/2023	3/15/2023	3/31/2023	$	0.90	$	25,537	$	25,270
2/22/2023	3/15/2023	3/31/2023	0.33		9,364		9,266
5/5/2023	6/15/2023	6/30/2023	0.33		9,375		9,307
8/2/2023	9/15/2023	9/30/2023	0.33		9,375		9,307

During the nine months ended September 30, 2022, we declared and paid the following cash dividends (amount declared and amount paid in thousands):

Declaration Date	Record Date	Payment Date	Dividend Per Share		Amount Declared		Amount Paid
2/24/2022	3/15/2022	3/31/2022	$	0.90	$	26,585	$	26,242
2/24/2022	3/15/2022	3/31/2022	0.315		9,305		9,184
5/5/2022	6/15/2022	6/30/2022	0.315		9,054		8,982
8/4/2022	9/15/2022	9/30/2022	0.315		9,018		8,945

Derivative Instruments, Gain (Loss)

The following table summarizes amounts recorded to interest expense, net included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to our interest rate swaps (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
(Benefit) associated with swap net settlements	$	(4,457)	$	(1,303)	$	(12,187)	$	(344)
Expense associated with amortization of amended/terminated swaps	1,124		1,127		3,342		2,796

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The change in accumulated other comprehensive income related to our interest rate derivatives, net of taxes, was as follows (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Accumulated gain (loss) at beginning of period	$	39,653	$	28,034	$	40,560	$	(227)
Unrealized gains in fair value	4,651		13,547		2,102		40,577
Reclassifications of realized net losses to earnings	831		832		2,473		2,063
Accumulated gain at end of period	$	45,135	$	42,413	$	45,135	$	42,413