Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives Outstanding

Detail on the Company's interest rate derivatives outstanding as of September 30, 2024 and December 31, 2023 is as follows:

	Number of Instruments
Interest Rate Swaps	September 30, 2024		December 31, 2023
Notional amount	$	308,488		294,928
Number of instruments		15		15

Schedule of Fair Value of Interest Rate Derivatives

Detail on the fair value of the Company's interest rate derivatives as of September 30, 2024 and December 31, 2023 is as follows:

(in thousands)	Fair Value
Interest rate swaps classified as:	September 30, 2024			December 31, 2023
Derivative assets	$	9,511			14,213
Derivative liabilities		(1,994	)		(1,335	)

Derivative Instruments, Gain (Loss)

The following table represents the effect of the derivative financial instruments on the accompanying Consolidated Financial Statements:

Location and Amount of Gain (Loss) Recognized in OCI on Derivative						Location and Amount of Gain (Loss) Reclassified from AOCI into Income							Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded
	Three months ended September 30,						Three months ended September 30,							Three months ended September 30,
(in thousands)	2024			2023			2024			2023				2024		2023
Interest rate swaps	$	(9,305	)		4,606	Interest income	$	(2,306	)		(2,161	)	Interest expense, net	$	47,022		38,807
	Nine months ended September 30,						Nine months ended September 30,							Nine months ended September 30,
(in thousands)	2024			2023			2024			2023				2024		2023
Interest rate swaps	$	2,412			7,327	Interest income	$	(7,113	)		(5,302	)	Interest expense, net	$	133,068		112,156