Financial Instruments - Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of March 31, 2025 is as follows:

							Fair Value
Effective Date	Maturity Date	Swapped Variable Rate	Fixed Rate		Notional Amount		Assets		Liabilities
5/1/2023	7/26/2027	1 Month SOFR	3.5890	%	$	100,000	$	104	$	—
5/1/2023	7/26/2027	1 Month SOFR	3.5950	%	75,000		69		—
5/1/2023	7/26/2027	1 Month SOFR	3.5930	%	25,000		24		—
7/26/2024	7/26/2027	1 Month SOFR	4.0767	%	100,000		—		(979)
7/26/2024	7/26/2027	1 Month SOFR	4.0770	%	100,000		—		(980)
7/26/2024	7/26/2027	1 Month SOFR	4.0767	%	50,000		—		(490)
7/26/2024	7/26/2027	1 Month SOFR	4.0770	%	50,000		—		(491)
					$	500,000	$	197	$	(2,940)

Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 31, 2024 is as follows:

							Fair Value
Effective Date	Maturity Date	Swapped Variable Rate	Fixed Rate		Notional Amount		Assets		Liabilities
5/1/2023	7/26/2027	1 Month SOFR	3.5890	%	$	100,000	$	993	$	—
5/1/2023	7/26/2027	1 Month SOFR	3.5950	%	75,000		735		—
5/1/2023	7/26/2027	1 Month SOFR	3.5930	%	25,000		246		—
7/26/2024	7/26/2027	1 Month SOFR	4.0767	%	100,000		—		(199)
7/26/2024	7/26/2027	1 Month SOFR	4.0770	%	100,000		—		(199)
7/26/2024	7/26/2027	1 Month SOFR	4.0767	%	50,000		—		(100)
7/26/2024	7/26/2027	1 Month SOFR	4.0770	%	50,000		—		(100)
					$	500,000	$	1,974	$	(598)

Schedule of Derivatives in Cash Flow Hedging Relationships

The effective portion of the Company’s interest rate swaps that was recognized on the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2025 and 2024 is as follows:

Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps)	Three Months Ended March 31,
	2025		2024
Change in unrealized gain (loss) on interest rate swaps	$	(3,566)	$	15,204
Accretion of interest rate swaps to interest expense	(736)		(3,075)
Change in unrealized gain (loss) on interest rate swaps, net	$	(4,302)	$	12,129