Derivatives (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments Designated as Hedges in the Consolidated Balance Sheet

The location and the fair value of derivative instruments designated as hedges, at the respective balance sheet dates, were as follows:

(in thousands)	Balance Sheet Account	March 31, 2022		December 31, 2021
Cash Flow Hedges:
Interest rate swap	Accrued expenses	$	2,105	$	5,259

Schedule of Impact of Interest Rate Swap on Other Comprehensive Income, AOCI and Statement of Operations

The following table discloses the impact of the interest rate swap, excluding the impact of income taxes, on other comprehensive income (“OCI”), AOCI and the Company’s combined consolidated statements of operations for the three months ended March 31,:

(in thousands)	2022		2021
Gain recognized in OCI	$	3,098	$	2,844
Location of gain recognized in income	Interest expense, net		Interest expense, net
Loss reclassified from AOCI into income (effective portion)	$	2,890	$	2,937