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Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets at Fair Value
The following table summarizes the terms of our outstanding derivative financial instruments on the Company's balance sheet as of June 30, 2025 and December 31, 2024:
Derivative TypeNumber of InstrumentsEffective DateMaturity DateNotional ValueFair Value of Asset
June 30, 2025December 31, 2024
Term Loan Interest Rate Swap47/1/20221/31/2025$300,000 $— $678 
Term Loan Interest Rate Swap51/31/20251/31/2027250,000 1,326 3,762 
Trust Preferred Securities Interest Rate Swap210/30/202410/30/202782,500 290 1,694 
$632,500 $1,616 $6,134 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The table below presents the effect of the Company's derivative financial instruments on the unaudited Condensed Consolidated Statements of Operations for the six months ended June 30, 2025 and 2024:
Derivatives in Cash FlowAmount of Gain (Loss)
Recognized in OCI on Derivatives
June 30,
Amount of (Income) Loss
Reclassified from Accumulated OCI into Income(1)
June 30,
Hedging Relationships2025202420252024
Interest Rate Swaps$(2,214)$2,279 $(2,304)$(5,623)
The Company's share of non-consolidated entity's interest rate cap(43)220 26 (162)
Total$(2,257)$2,499 $(2,278)$(5,785)
(1)    Amounts reclassified from accumulated other comprehensive income (loss) for the Company's interest rate swaps are included in interest expense and for the Company's share of non-consolidated entity's interest rate cap are reclassified to Equity in earnings (losses) of non-consolidated entities within the unaudited Condensed Consolidated Statements of Operations.