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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Financial Instruments
Our derivative financial instruments are classified as Level 2 in the fair value hierarchy. The following table presents the fair value of our derivative financial instrument:
As of December 31,
(amounts in thousands)Balance Sheet Location20232022
Interest Rate SwapsOther assets, net$6,061 $19,119 
Schedule of Effect of Derivative Instruments on Consolidated Statements of Operations
The table below presents the effect of our derivative financial instrument on the Consolidated Statements of Income and Comprehensive Income:
Derivatives in Cash Flow Hedging RelationshipAmount of (gain)/loss recognized
in OCI on derivative
for the year ended December 31,
Location of (gain)/ loss reclassified from
accumulated OCI into income
Amount of (gain)/loss reclassified from
accumulated OCI into income
for the year ended December 31,
(amounts in thousands)202320222021(amounts in thousands)202320222021
Interest Rate Swaps$(5,039)$(19,904)$(2,777)Interest Expense$(18,097)$(4,309)$746