Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Changes in the Component of Accumulated Other Comprehensive Loss

The following table presents the changes in the component of accumulated other comprehensive loss balances for the years ended December 31, 2023, 2022, and 2021:

	December 31,
(in thousands)	2023		2022		2021
Beginning balance	$	—	$	—	$	—
Net unrealized loss on cash flow hedges arising during the period, net of tax		1,160		—		—
Reclassification of derivative instruments to income		50		—		—
Ending balance	$	1,210	$	—	$	—

Component of Other Comprehensive loss and Related Tax Effect

The following table presents the component of other comprehensive loss and the related tax effect for the year ended December 31, 2023:

	December 31, 2023
(in thousands)	Before-Tax		Tax Effect		Net-of-Tax
Cash flow hedges:
Forward starting payer interest rate swaps:
Net unrealized loss arising during the period	$	1,568	$	408	$	1,160
Reclassification to income		69		19		50
Other comprehensive loss	$	1,637	$	427	$	1,210