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DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
The following represents the location of the assets associated with our derivative instruments within the consolidated balance sheets:
Derivatives Not Designated as Hedging InstrumentsBalance Sheet LocationFair Value at
June 30, 2025December 31, 2024
Asset Derivatives:
Interest rate swap contractsOther assets, long-term$3,402 $8,466 
Liability Derivatives:
Interest rate swap contractsOther liabilities, long-term$498 $— 
Location of Assets and Liabilities Associated With Derivative Instruments Within the Condensed Consolidated Balance Sheets
The following table presents the gain (loss) related to our derivative contracts:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Gain (loss) on interest rate swap contracts, net$430 $13,574 $(1,289)$55,877 
Schedule of Interest Rate Derivatives
Interest Rate Swap Contracts
The following is a summary of the terms of our outstanding interest rate swap contracts at June 30, 2025:
Maturity DateNotional AmountCompany PaysCompany Receives
Lightpath:
December 2026$300,000
Fixed rate of 2.11%
One-month SOFR
December 2026180,000
Fixed rate of 3.523%
One-month SOFR
December 202695,000
Fixed rate of 3.979%
One-month SOFR