v3.25.2
Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swap
As of June 30, 2025, the Company had nine interest rate swaps with a total notional amount of $250.0 million that are used to manage its interest rate risk and fix the SOFR component on the term loans of the Credit Facilities:

Notional Amount ($ in thousands)
Fixed Rate (1)
Effective Date Maturity Date
$50,0002.291%May 2022January 2027
$25,0004.237%May 2022February 2028
$25,0004.237%May 2022February 2028
$25,0004.810%July 2022February 2028
$40,0004.952%December 2022February 2028
$25,0005.756%July 2023January 2027
$10,0006.069%September 2023February 2028
$40,0005.291%October 2024February 2028
$10,0005.572%November 2024February 2028

Explanatory Note:
(1)Reflects the all-in effective interest rate for the specified portion of the Term Loans hedged by the interest rate swaps.
The table below presents the effect of the Company’s interest rate swap derivative instruments in the Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 30, 2025 and 2024 (in thousands):
For the Three Months Ended
June 30,		For the Six Months Ended
June 30,
Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps)2025202420252024
Amount of (loss) gain recognized on derivative in "Accumulated other comprehensive income"
$(736)$1,341 $(2,697)$5,491 
Amount of income reclassified from "Accumulated other comprehensive income" into interest expense
$889 $1,327 $1,772 $2,658