Interest Rate Swap Agreements (Tables)

9 Months Ended

Sep. 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 September 30,		Nine Months Ended September 30,
	Classification	2024	2023	2024	2023
Unrealized (loss) income recognized	AOCI	$(5,062)	$4,490	$3,077	$11,082
Loss reclassified from AOCI into earnings	Interest expense, net	(5,118)	(4,447)	(15,357)	(11,006)
Net change in AOCI		$(10,180)	$43	$(12,280)	$76

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, 2024	December 31, 2023
Other current assets	$9,530	$15,966
Other assets	3,310	9,100
Fair value	$12,840	$25,066