v3.25.1
Derivatives (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swaps Interest rate swaps outstanding during the three months ended March 31, 2025 and 2024, are as follows:
Notional AmountInterest Rate
Received		Interest Rate PaidEffective DateMaturity Date
Designated as Hedging Instrument
$250 million
1 month SOFR(1)
4.72%
June 30, 2023June 30, 2026
$250 million
1 month SOFR(1)
3.88%
December 31, 2023December 31, 2024
$250 million
1 month SOFR(1)
4.37%
January 16, 2024January 31, 2026
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(1)    Subject to a 0.5% floor.
Schedule of Estimated Fair Values of Derivatives Designated as Hedging Instruments
The estimated fair values of our derivatives designated as hedging instruments as of March 31, 2025 and December 31, 2024 are as follows (in thousands):
 Derivative Assets
  Fair Value as of
Derivatives Designated as Hedging InstrumentsConsolidated Balance Sheet LocationMarch 31, 2025December 31, 2024
Interest rate swapsOther accrued liabilities$(2,220)$(1,593)
Interest rate swapsOther noncurrent liabilities(514)(673)
Total $(2,734)$(2,266)
Schedule of Derivative Instruments, Net of Taxes
The effects of derivative instruments, net of taxes, on OCI for the three months ended March 31, 2025 and 2024 are as follows (in thousands):
 Amount of (Losses) Gains Recognized in OCI on Derivative,
Effective Portion
Derivatives in Cash Flow Hedging RelationshipsThree Months Ended March 31,
20252024
Interest rate swaps$(598)$6,747 
Total$(598)$6,747 

  Amount of Losses (Gains) Reclassified from Accumulated OCI into Income, Effective Portion
Derivatives in Cash Flow Hedging RelationshipsIncome Statement LocationThree Months Ended March 31,
20252024
Interest rate swapsInterest expense, net$142 $(1,956)
Total$142 $(1,956)