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Derivative Instruments and Hedging Activities
6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities
As of June 30, 2024, the Company had an interest rate swap contract with an aggregate notional amount of $300.0 million that effectively fixed the interest rate on the $300.0 million unsecured term loan at 4.2%. This derivative qualifies for hedge accounting.

As of June 30, 2024 and December 31, 2023, the swap contract was presented in the consolidated balance sheets as an asset of $7.8 million and $4.3 million, respectively, and was included in prepaid expenses and other assets on the consolidated balance sheets.