Interest Rate Swap Agreements (Tables)

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following table presents the effects of derivatives in cash flow hedging relationships on the Company’s AOCI and earnings (in thousands):

		Three Months Ended June 30,				Six Months Ended June 30,
	Classification	2024		2023		2024		2023
Unrealized income recognized	AOCI	$	2,052	$	9,844	$	8,139	$	6,592
Loss reclassified from AOCI into earnings	Interest expense, net	(5,103)		(3,635)		(10,239)		(6,559)
Net change in AOCI		$	(3,051)	$	6,209	$	(2,100)	$	33

The following table presents the fair value of the Company’s interest rate swap agreements as recorded in the unaudited condensed consolidated balance sheets (in thousands):

Classification	June 30, 2024		December 31, 2023
Other current assets	$	15,136	$	15,966
Other assets	7,883		9,100
Fair value	$	23,019	$	25,066