Financial Instruments and Derivatives (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Effect of Derivative Instruments on Consolidated Statement of Operations

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2025, 2024 and 2023, respectively (dollars in thousands):

Derivatives in Cash Flow	Location of Loss Reclassified	Net Loss Reclassified from AOCL into Interest Expense
Hedging Relationships	from AOCL into Income	2025			2024			2023
Terminated interest rate swaps	Interest expense	$	(1,689	)	$	(1,878	)	$	(1,326	)

Derivatives Not Designated	Location of Gain (Loss) Recognized	Gain (Loss) Recognized in Earnings on Derivative
as Hedging Instruments	in Earnings on Derivative	2025		2024			2023
Preferred stock embedded derivative	Other non-operating expense (income)	$	1,111	$	(18,751	)	$	18,528