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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2024
DERIVATIVE FINANCIAL INSTRUMENTS  
Schedule of fair value of the Company's derivative financial instruments as well as classification on the condensed consolidated balance sheets

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Asset Derivatives

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Fair value as of:

Derivatives designated as

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Balance Sheet

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March 31, 

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December 31, 

hedging instruments

    

Location

    

2024

    

2023

Foreign currency contracts

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Prepaid expenses and other assets

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$

19

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$

54

Interest rate swaps

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Prepaid expenses and other assets

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1,876

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2,254

Interest rate swaps

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Other long-term assets

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2,526

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2,177

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$

4,421

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$

4,485

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Liability Derivatives

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Fair value as of:

Derivatives designated as

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Balance Sheet

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March 31, 

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December 31, 

hedging instruments

    

Location

    

2024

    

2023

Foreign currency contracts

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Accrued liabilities

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$

28

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$

—

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$

28

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$

—

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Schedule of effect of cash flow hedge accounting on other comprehensive income (loss) (OCI)

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Amount of pre-tax gain (loss) recognized

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in OCI on derivatives

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Derivatives in cash flow hedging relationships

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Three months ended March 31, 

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2024

    

2023

    

Interest rate swaps

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$

935

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$

(746)

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Amount of pre-tax gain reclassified

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from accumulated OCI into income

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Location of gain reclassified

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Three months ended March 31, 

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from accumulated OCI into income

    

2024

    

2023

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Interest expense

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$

1,037

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$

819

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Schedule of effect of the Company's derivative financial instruments on the condensed consolidated statements of income and comprehensive (loss) income

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Total amounts of income and expense

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line items presented that reflect the

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effects of cash flow hedges recorded

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Three months ended March 31, 

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Derivatives designated as hedging instruments

    

Income Statement Location

    

2024

    

2023

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Interest rate swaps

 

Interest Expense

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$

3,388

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$

2,983

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Schedule of fair value provides the location that derivative assets and liabilities

Derivative assets:

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Net amounts

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Gross amounts

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of assets

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Gross amounts not offset in the consolidated 

As of 

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Gross amounts

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offset in the

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presented in the

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balance sheets

March 31, 

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of recognized

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consolidated

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consolidated

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Financial

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Cash collateral

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2024

    

assets

    

balance sheets

    

balance sheets

    

instruments

    

received

    

Net amount

Derivatives

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$

4,421

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$

—

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$

4,421

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$

—

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$

—

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$

4,421

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Net amounts

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Gross amounts

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of assets

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Gross amounts not offset in the consolidated 

As of 

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Gross amounts

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offset in the

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presented in the

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balance sheets

December 31, 

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of recognized

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consolidated

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consolidated

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Financial

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Cash collateral

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2023

    

assets

    

balance sheets

    

balance sheets

    

instruments

    

received

    

Net amount

Derivatives

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$

4,485

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$

—

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$

4,485

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$

—

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$

—

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$

4,485

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Derivative liabilities:

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Net amounts

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Gross amounts

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of liabilities

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Gross amounts not offset in the consolidated 

As of 

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Gross amounts

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offset in the

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presented in the

​

balance sheets

March 31, 

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of recognized

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consolidated

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consolidated

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Financial

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Cash collateral

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​

2024

    

liabilities

    

balance sheets

    

balance sheets

    

instruments

    

received

    

Net amount

Derivatives

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$

28

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$

—

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$

28

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$

—

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$

—

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$

28

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Net amounts

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Gross amounts

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of liabilities

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Gross amounts not offset in the consolidated 

As of 

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Gross amounts

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offset in the

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presented in the

​

balance sheets

December 31, 

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of recognized

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consolidated

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consolidated

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Financial

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Cash collateral

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2023

    

liabilities

    

balance sheets

    

balance sheets

    

instruments

    

received

    

Net amount

Derivatives

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$

—

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$

—

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$

—

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$

—

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$

—

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$

—