v3.25.2
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Interest Rate Swaps The following table summarizes our interest rate swaps as of June 30, 2025:

Coverage Period

 

Notional
Amount

 

Risk Coverage

 

Trade Date

November 2023 to December 2025

 

$

50.0

 

USD-SOFR

 

October 23, 2023

March 2025 to March 2026

 

$

50.0

 

USD-SOFR

 

March 27, 2025

March 2024 to June 2026

 

$

50.0

 

USD-SOFR

 

March 25, 2024

March 2025 to September 2026

 

$

25.0

 

USD-SOFR

 

March 27, 2025

November 2023 to December 2026

 

$

50.0

 

USD-SOFR

 

October 10, 2023

March 2024 to June 2027

 

$

50.0

 

USD-SOFR

 

March 27, 2024

November 2023 to November 2027

 

$

50.0

 

USD-SOFR

 

September 29, 2023

June 2024 to June 2028

 

$

50.0

 

USD-SOFR

 

June 26, 2024

Summary of Fair Value of Derivative Instruments on Consolidated Balance Sheet

 

 

Derivative Assets

 

 

Derivative Liabilities

 

 

 

 

 

Fair Value

 

 

 

 

Fair Value

 

 

 

Balance Sheet
Location

 

June 30,
2025

 

 

December 31,
2024

 

 

Balance Sheet
Location

 

June 30,
2025

 

 

December 31,
2024

 

Interest rate swap contracts

 

Other current assets

 

$

-

 

 

$

0.3

 

 

Accounts payable and accrued expenses

 

$

0.5

 

 

$

0.3

 

 

 

 

 

 

 

 

 

 

 

Other long-term liabilities

 

 

3.5

 

 

 

1.5

 

Summary of Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income

 

 

Amount of (Loss) Gain
Recognized in AOCL

 

 

Location of Gain

 

Gain Reclassified
from AOCL into Net Earnings

 

 

 

Six Months Ended

 

 

Reclassified from

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

AOCL into

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

Net Earnings

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Derivatives in cash flow hedging relationships:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

(1.9

)

 

$

4.3

 

 

Interest expense

 

$

-

 

 

$

1.2

 

 

$

0.4

 

 

$

3.3