| Schedule of Derivative Instruments Fair Value |
The table below presents the fair value of the Swaps as well as their classification in the unaudited condensed consolidated balance sheets. The fair value of these instruments was estimated using an income approach and observable market inputs (Level 2): | | | | | | | | | | | | | (in thousands) | June 30,
2025 | | December 31,
2024 | | Balance sheet line item of derivative financial instruments: | | | | | Prepaid expenses and other | $ | 1,354 | | | $ | 1,766 | | | Deferred charges and other assets | — | | | 721 | | | Total derivatives designated as hedging instruments | $ | 1,354 | | | $ | 2,487 | |
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| Schedule of Accumulated Other Comprehensive Income (Loss) |
The table below summarizes changes in accumulated other comprehensive income by component: | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Gain on Swaps | | Income tax expense | | Accumulated Other Comprehensive Income, net of taxes | | Balance, March 31, 2025 | | $ | 1,657 | | | $ | (434) | | | $ | 1,223 | | Net change in unrealized gain | | 239 | | | (57) | | | 182 | | Amounts reclassified to interest expense | | (542) | | | 137 | | | (405) | | Net current period other comprehensive (loss) income | | (303) | | | 80 | | | (223) | | | Balance, June 30, 2025 | | $ | 1,354 | | | $ | (354) | | | $ | 1,000 | |
| | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Gain on Swaps | | Income tax expense | | Accumulated Other Comprehensive Income, net of taxes | | Balance, December 31, 2024 | | $ | 2,487 | | | $ | (634) | | | $ | 1,853 | | Net change in unrealized loss | | (53) | | | 13 | | | (40) | | Amounts reclassified to interest expense | | (1,080) | | | 267 | | | (813) | | Net current period other comprehensive (loss) income | | (1,133) | | | 280 | | | (853) | | | Balance, June 30, 2025 | | $ | 1,354 | | | $ | (354) | | | $ | 1,000 | |
| | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Gain on Swaps | | Income tax expense | | Accumulated Other Comprehensive Income, net of taxes | | Balance, March 31, 2024 | | $ | 4,361 | | | $ | (1,099) | | | $ | 3,262 | | Net change in unrealized gain | | 725 | | | (154) | | | 571 | | | Amounts reclassified to interest expense | | (536) | | | 108 | | | (428) | | Net current period other comprehensive (loss) income | | 189 | | | (46) | | | 143 | | | Balance, June 30, 2024 | | $ | 4,550 | | | $ | (1,145) | | | $ | 3,405 | |
| | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Gain on Swaps | | Income tax expense | | Accumulated Other Comprehensive Income, net of taxes | | Balance, December 31, 2023 | | $ | 2,241 | | | $ | (573) | | | $ | 1,668 | | Net change in unrealized gain | | 2,845 | | | (680) | | | 2,165 | | | Amounts reclassified to interest expense | | (536) | | | 108 | | | (428) | | Net current period other comprehensive (loss) income | | 2,309 | | | (572) | | | 1,737 | | | Balance, June 30, 2024 | | $ | 4,550 | | | $ | (1,145) | | | $ | 3,405 | |
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