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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The effect of the interest rate swaps on the consolidated statements of operations was as follows (in thousands):

 

 

For the Years Ended December 31,

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

Income Statement Classification

Derivatives designated as hedges:

 

 

 

 

 

 

 

 

 

 

 

5 year interest rate swap

 

$

57

 

 

$

260

 

 

$

343

 

 

Increase (decrease) to interest expense

10 year interest rate swap

 

 

(1,097

)

 

 

(752

)

 

 

655

 

 

Increase (decrease) to interest expense

 

 

$

(1,040

)

 

$

(492

)

 

$

998