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Derivatives and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below details the fair value and location of the interest rate swaps as of September 30, 2023 and December 31, 2022.
(In thousands)Fair Values of Derivative Instruments
September 30, 2023December 31, 2022
Derivative InstrumentBalance Sheet LocationFair ValueBalance Sheet LocationFair Value
Interest rate swapsOther Assets$6,560 Other Assets$3,962 

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three and nine months ended September 30, 2023 and 2022.
(In thousands)The Effect of Hedge Accounting on Other Comprehensive Income (OCI)
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Amount of gain (loss) recognized in OCI$2,804 $4,256 $4,106 $4,256 
Location of gain (loss) reclassified from OCI into incomeInterest expense, net and amortization of deferred debt costsN/AInterest expense, net and amortization of deferred debt costsN/A
Amount of (gain) loss reclassified from OCI into income$(593)$— $(1,508)$—