Financial Instruments - Derivatives and Hedging (Tables)

3 Months Ended

Mar. 31, 2026

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, 2026 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	3.58900	%	$	100,000	$	38	$	—
5/1/2023	7/26/2027	1 Month SOFR	3.59500	%	75,000		23		—
5/1/2023	7/26/2027	1 Month SOFR	3.59300	%	25,000		8		—
7/26/2024	7/26/2027	1 Month SOFR	4.07670	%	100,000		—		(594)
7/26/2024	7/26/2027	1 Month SOFR	4.07700	%	100,000		—		(595)
7/26/2024	7/26/2027	1 Month SOFR	4.07670	%	50,000		—		(297)
7/26/2024	7/26/2027	1 Month SOFR	4.07700	%	50,000		—		(297)
2/27/2026	5/11/2026	U.S. 10 year treasury(1)	3.99579	%	100,000		2,557		—
2/27/2026	5/11/2026	U.S. 10 year treasury(1)	3.99270	%	100,000		2,582		—
					$	700,000	$	5,208	$	(1,783)

(1)In February 2026, the Company entered into two interest rate lock agreements with an aggregate notional amount of $200.0 million to hedge against the changes in future cash flows resulting from changes in interest rates from the trade date through the forecasted issuance date of $200.0 million of fixed-rate debt.

Detail on the terms and fair value of the Company’s interest rate derivatives designated as cash flow hedges outstanding as of December 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	$	—	$	(460)
5/1/2023	7/26/2027	1 Month SOFR	3.5950	%	75,000		—		(352)
5/1/2023	7/26/2027	1 Month SOFR	3.5930	%	25,000		—		(117)
7/26/2024	7/26/2027	1 Month SOFR	4.0767	%	100,000		—		(1,208)
7/26/2024	7/26/2027	1 Month SOFR	4.0770	%	100,000		—		(1,208)
7/26/2024	7/26/2027	1 Month SOFR	4.0767	%	50,000		—		(604)
7/26/2024	7/26/2027	1 Month SOFR	4.0770	%	50,000		—		(604)
					$	500,000	$	—	$	(4,553)

Schedule of Derivatives in Cash Flow Hedging Relationships

The effective portion of the Company’s interest rate derivatives that was recognized on the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 2025 is as follows:

Derivatives in Cash Flow Hedging Relationships (Interest Rate Derivatives)	Three Months Ended March 31,
	2026		2025
Change in unrealized gain (loss) on interest rate swaps	$	7,727	$	(3,566)
Amortization (Accretion) of interest rate swaps to interest expense	69		(736)
Change in unrealized gain (loss) on interest rate swaps, net	$	7,796	$	(4,302)