Accumulated Other Comprehensive Income ("AOCI")

12 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (''AOCI'')

28. Accumulated Other Comprehensive Income (“AOCI”):

The following table presents the change in the components of AOCI for the years ended December 31, 2024, 2023 and 2022 (in thousands):

	Defined Benefit Plan			Cash Flow Hedges for Interest Payments			Cash Flow Hedges for Interest Payments of Unconsolidated Investee			Total
Balance as of January 1, 2022	$	2,216		$	-		$	-		$	2,216
Other comprehensive income before reclassifications		8,365			-			-			8,365
Amounts reclassified from AOCI		-			-			-			-
Net current-period other comprehensive income		8,365			-			-			8,365
Balance as of December 31, 2022		10,581			-			-			10,581
Other comprehensive income before reclassifications		267			-			3,329			3,596
Amounts reclassified from AOCI		(10,848	)		-			-			(10,848	)
Net current-period other comprehensive income		(10,581	)		-			3,329			(7,252	)
Balance as of December 31, 2023		-			-			3,329			3,329
Other comprehensive income before reclassifications		-			16,585			3,929			20,514
Amounts reclassified from AOCI		-			(9,346	)		(3,459	)		(12,805	)
Net current-period other comprehensive income		-			7,239			470			7,709
Balance as of December 31, 2024	$	-		$	7,239		$	3,799		$	11,038

On the Company’s Consolidated Statements of Income, unrealized gains and losses reclassified from AOCI related to (i) settlement of defined benefit plan is included in Other income, net, (ii) cash flow hedges for interest payments are included in Interest expense and (iii) cash flow hedges for interest payments of unconsolidated investee are included in Equity in income of joint ventures, net.