XML 31 R24.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income

Note 17 — Accumulated Other Comprehensive Income

The following table presents the changes in the component of accumulated other comprehensive income balances for the three and six months ended June 30, 2024 and 2023:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Beginning balance

 

$

794

 

 

$

—

 

 

$

(1,210

)

 

$

—

 

Net unrealized gain on cash flow hedges arising during the period, net of tax

 

 

909

 

 

 

—

 

 

 

2,800

 

 

 

—

 

Reclassification adjustments included in net income

 

 

(105

)

 

 

—

 

 

 

8

 

 

 

—

 

Ending balance

 

$

1,598

 

 

$

—

 

 

$

1,598

 

 

$

—

 

The following table presents the component of other comprehensive income and the related tax effect for the three and six months ended June 30, 2024:

 

 

Three Months Ended June 30, 2024

 

 

Six Months Ended June 30, 2024

 

 

 

Before-Tax

 

 

Tax Effect

 

 

Net-of-Tax

 

 

Before-Tax

 

 

Tax Effect

 

 

Net-of-Tax

 

 

 

(In thousands)

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward starting payer interest rate swaps:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gain arising during the period

 

$

1,216

 

 

$

(307

)

 

$

909

 

 

$

3,843

 

 

$

(1,043

)

 

$

2,800

 

Reclassification adjustments included in net income

 

 

(144

)

 

 

39

 

 

 

(105

)

 

 

11

 

 

 

(3

)

 

 

8

 

Other comprehensive income

 

$

1,072

 

 

$

(268

)

 

$

804

 

 

$

3,854

 

 

$

(1,046

)

 

$

2,808