INTEREST RATE SWAPS (Tables)

9 Months Ended

Sep. 30, 2022

INTEREST RATE SWAPS

Schedule of interest rate swap agreements

Hedged Item (1)	Effective Date	Maturity Date	Rate	Amount		Fair Value as of September 30, 2022
2026 Term Loan	3/10/2021	3/29/2024	0.12% + 0.10% + applicable spread	$	50,000	$	3,024
2026 Term Loan	3/29/2024	3/10/2026	1.44% + 0.10% + applicable spread	$	50,000	$	1,993
2026 Term Loan	8/31/2021	3/10/2026	0.70% + 0.10% + applicable spread	$	15,000	$	1,570
2027 Term Loan	11/5/2021	3/29/2024	0.64% + 0.10% + applicable spread	$	100,000	$	5,299
2027 Term Loan	3/29/2024	1/31/2027	1.35% + 0.10% + applicable spread	$	100,000	$	5,756
2028 Term Loan	9/30/2022	1/31/2028	3.78% + 0.10% + applicable spread	$	50,000	$	(90)
2028 Term Loan	9/30/2022	1/31/2028	3.78% + 0.10% + applicable spread	$	50,000	$	(102)

⁽¹⁾ As of September 30, 2022, the Company converted its existing interest rate swaps from 1-month LIBOR to SOFR.