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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Notional Amounts and Fair Values
The notional amounts of derivative instruments are as follows:
(Dollars in thousands)
December 31, 2024December 31,
2023
Derivative instruments designated as hedging instruments:
Interest rate contracts$150,000 $150,000 
The following table summarizes the fair value and presentation on the consolidated balance sheets for derivative instruments:
(Dollars in thousands)
Balance Sheet LocationDecember 31, 2024December 31,
2023
Derivative instruments designated as hedging instruments:
Interest rate contractsOther assets, current$3,576 $4,046 
Other assets$14,606 $11,595 
Schedule of AOCI Activities
Accumulated other comprehensive income activities during 2024 were as follows (in thousands):

December 31,
2023
2024December 31,
2024
BalanceChanges in Fair Value RecognizedReclassifications to Income StatementBalance
Cash flow hedges, before tax totals$15,641 $7,397 $(5,207)$17,831 
We reclassified gains associated with our cash flow hedges from accumulated other comprehensive income to the income statements when the Forward Interest Rate Swaps became effective as of January 1, 2024 and are presented in the following table:

(Dollars in thousands)
December 31,
2024
December 31,
2023
Interest rate contracts:
Interest expense$5,207 $— 
Schedule of Unrealized Gains (Losses) on Hedging Transactions
Unrealized gains associated with our hedging transactions recognized in other comprehensive income are presented in the following table:

(Dollars in thousands)
December 31,
2024
December 31,
2023
Recognized in other comprehensive income, net of tax:
Interest rate contracts$1,683 $1,127