XML 43 R31.htm IDEA: XBRL DOCUMENT v3.26.1
Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2026
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)

 

 

 

 

 

 

Interest Rate Swaps

 

June 30, 2026

 

 

December 31, 2025

 

Notional amount

 

$

296,806

 

 

 

299,375

 

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 is as follows:

(in thousands)

 

 

 

 

 

 

Interest rate swaps classified as:

 

June 30, 2026

 

 

December 31, 2025

 

Derivative assets

 

$

7,304

 

 

 

6,778

 

Derivative liabilities

 

 

(459

)

 

 

(1,606

)

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 (Loss) Gain Recognized in OCI on Derivative

 

 

Location and Amount of Gain Reclassified from AOCI into Net Income

 

 

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

 

 

 

Three months ended June 30,

 

 

 

 

Three months ended June 30,

 

 

 

 

Three months ended June 30,

 

(in thousands)

 

2026

 

 

2025

 

 

 

 

2026

 

 

2025

 

 

 

 

2026

 

 

2025

 

Interest rate swaps

 

$

2,557

 

 

 

(1,295

)

 

Interest expense, net

 

$

(377

)

 

 

(1,015

)

 

Interest expense, net

 

$

53,582

 

 

 

50,272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

 

 

Six months ended June 30,

 

 

 

 

Six months ended June 30,

 

(in thousands)

 

2026

 

 

2025

 

 

 

 

2026

 

 

2025

 

 

 

 

2026

 

 

2025

 

Interest rate swaps

 

$

4,735

 

 

 

(3,943

)

 

Interest expense, net

 

$

(842

)

 

 

(2,760

)

 

Interest expense, net

 

$

105,767

 

 

 

98,285