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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives Outstanding

Detail on the Company's interest rate derivatives outstanding is as follows:

(in thousands, except number of instruments data)

 

December 31,

 

Interest Rate Swaps

 

2024

 

 

2023

 

Notional amount

 

$

301,444

 

 

 

294,928

 

Number of instruments

 

 

14

 

 

 

15

 

Schedule of Fair Value of Interest Rate Derivatives

Detail on the fair value of the Company's interest rate derivatives is as follows:

(in thousands)

 

December 31,

 

Interest rate swaps classified as:

 

2024

 

 

2023

 

Derivative assets

 

$

12,781

 

 

 

14,213

 

Derivative liabilities

 

 

(423

)

 

 

(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 Loss (Gain)
Reclassified from AOCI into Income

 

 

Total amounts presented in the Consolidated
Statements of Operations in which the effects
of cash flow hedges are recorded

 

 

 

Year ended December 31,

 

 

 

 

Year ended December 31,

 

 

 

 

Year ended December 31,

 

(in thousands)

 

2024

 

 

2023

 

 

2022

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

2024

 

 

2023

 

 

2022

 

Interest
rate swaps

 

$

12,523

 

 

 

(2,448

)

 

 

20,061

 

 

Interest
(income) expense, net

 

$

(8,895

)

 

 

(7,536

)

 

 

833

 

 

Interest expense, net

 

$

180,119

 

 

 

154,249

 

 

 

146,186

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss (gain) on early extinguishment of debt

 

$

180

 

 

 

(99

)