Interest Rate Swap Agreements (Tables)

9 Months Ended

Sep. 30, 2025

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 September 30,		Nine Months Ended September 30,
	Classification	2025	2024	2025	2024
Unrealized (loss) income recognized	AOCI	$(110)	$(5,062)	$(8,056)	$3,077
Reclassification from AOCI into earnings	Interest expense, net	(2,919)	(5,118)	(8,684)	(15,357)
Net change in AOCI		$(3,029)	$(10,180)	$(16,740)	$(12,280)

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	September 30, 2025	December 31, 2024
Assets:
Other current assets	$4,879	$9,914
Other assets	—	3,264
Total interest rate swap assets	4,879	13,178
Liabilities:
Other accrued expenses and liabilities	971	—
Other long-term liabilities	7,470	—
Total interest rate swap liabilities	8,441	—
Fair value of interest rate swap agreements	$(3,562)	$13,178