v3.25.2
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedges of Interest Rate Swaps
As of June 30, 2025, the Company had three interest rate swap agreements, all three of which were designated as cash flow hedges. The key terms are as follows (dollars in thousands):

EffectiveMaturityFixed InterestNotional Amount atAsset (Liability) Fair Value at
DateDateRateJune 30, 2025June 30, 2025December 31, 2024
Interest Rate Swap Agreements
4/7/20168/1/20293.14%$49,942 $2,785 $4,310 
5/1/202412/9/20314.88%$57,000 $(578)$1,254 
12/9/202412/9/20314.83%$73,000 $(524)$1,814 
Schedule of Derivative Instruments in Consolidated Statements of Comprehensive Income (Loss)
The following table represents the pre-tax effect of the derivative instruments in the Company's condensed consolidated statements of comprehensive income (loss) (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Information regarding derivatives designated as hedging instruments
Amount of gain (loss) recognized in OCI on derivatives$(1,472)$1,698 $(4,555)$2,900 
Impact of reclassification adjustment to interest expense included in Net Income (Loss)$(530)$(469)$(1,075)$(942)