v3.25.2
Interest Rate Cap (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of accumulated other comprehensive income (loss)
The following table outlines the changes in accumulated other comprehensive income (loss), net of tax, during the periods presented:
Six Months Ended June 30,
20242025
(in thousands)
Balance as of January 1$42,907 $— 
Gain (loss) on interest rate cap cash flow hedge
4,370 (3,106)
Amounts reclassified from accumulated other comprehensive income (loss)
(16,347)— 
Balance as of March 31$30,930 $(3,106)
Gain (loss) on interest rate cap cash flow hedge
1,323 (2,065)
Amounts reclassified from accumulated other comprehensive income (loss)
(16,071)14 
Amounts reclassified from accumulated other comprehensive income (loss) - forecasted transactions probable not to occur(10,400)— 
Balance as of June 30$5,782 $(5,157)
Schedule of reclassification out of accumulated other comprehensive income
The effects on net income of amounts reclassified from accumulated other comprehensive income (loss) are as follows:
Three Months Ended June 30,Six Months Ended June 30,
Statement of Operations2024202520242025
(in thousands)
Gains (losses) included in interest expense$34,830 $(19)$56,340 $(19)
Income tax benefit (expense)(8,359)5 (13,522)5 
Amounts reclassified from accumulated other comprehensive income (loss)$26,471 $(14)$42,818 $(14)