v3.25.2
DERIVATIVES AND HEDGING INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments, Designated as Cash Flow Hedges
The table below presents information about our interest rate swaps, designated as cash flow hedges, included in our consolidated balance sheets:
Fair Values
Derivative Financial InstrumentsBalance Sheet LocationWeighted-Average Fixed Rate of Interest at
June 30, 2025		Range of Maturity Dates at June 30, 2025June 30, 2025December 31, 2024
(in thousands)
Interest rate swaps (Notional of $1.5 billion at June 30, 2025 and December 31, 2024)
Other noncurrent liabilities4.26%April 17, 2027 - August 17, 2027$20,844 $7,768 
The table below presents information about the treasury locks included in our consolidated balance sheets:

Fair Value
Derivative Financial InstrumentsBalance Sheet LocationWeighted-Average Fixed Rate of Interest at
June 30, 2025		Maturity Date at June 30, 2025June 30, 2025
(in thousands)
Treasury locks (Notional of $1.5 billion at June 30, 2025)
Other noncurrent liabilities4.53%March 31, 2026$34,344 
Schedule of Derivative Instrument Effects on Income
The table below presents the effects of our interest rate swaps on our consolidated statements of income and statements of comprehensive income for the three and six months ended June 30, 2025 and 2024:
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
(in thousands)
Net unrealized gains (losses) recognized in other comprehensive income (loss)$(3,204)$8,929 $(12,575)$38,045 
Net unrealized gains (losses) reclassified out of other comprehensive income (loss) to interest expense$(841)$2,619 $(1,693)$5,281 
The table below presents the effects of our treasury locks on our consolidated statements of comprehensive income:

Three Months EndedSix Months Ended
June 30, 2025June 30, 2025
(in thousands)
Net unrealized losses recognized in other comprehensive income (loss)$(34,344)$(34,344)