v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Measurements  
Schedule of carrying amounts and estimated fair values of financial instruments

June 30, 2025

December 31, 2024

    

Carrying 

    

Fair 

    

Carrying 

    

Fair 

    

(U.S. Dollars in thousands)

 

Amount  

 

Value  

 

Amount  

 

Value  

 

Recurring:

Financial assets:

Cash and cash equivalents

$

66,322

$

66,322

$

66,933

$

66,933

Current derivative assets:

 

  

 

  

 

  

 

  

Interest rate swap contracts

 

5,084

 

5,084

 

8,112

 

8,112

Non-current derivative assets:

 

 

  

 

 

  

Interest rate swap contracts

 

2,401

 

2,401

 

5,189

 

5,189

Financial liabilities:

 

  

 

 

  

 

  

Non-current derivative liabilities:

 

  

 

  

 

  

 

  

Interest rate swap contracts

(1,317)

(1,317)

Long-term debt, current and non-current

$

918,585

$

901,003

$

909,653

$

887,192

Schedule of assets and liabilities measured at fair value on recurring and non-recurring basis

Fair Value Measurements

at Reporting Date Using

Quoted Price

in Active

Significant

Carrying

Markets for

Other

Significant

Value

Identical

Observable

Unobservable

June 30, 

Assets

Inputs

Inputs

(U.S. Dollars in thousands)

    

2025

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Recurring:

Financial assets:

  

  

  

  

Cash and cash equivalents

$

66,322

$

66,322

$

$

Current derivative assets:

 

  

 

  

 

  

 

  

Interest rate swap contracts

 

5,084

 

 

5,084

 

Non-current derivative assets:

 

  

 

  

 

  

 

  

Interest rate swap contracts

 

2,401

 

 

2,401

 

Financial liabilities:

 

  

 

  

 

  

 

  

Non-current derivative liabilities:

 

  

 

  

 

  

 

  

Interest rate swap contracts

(1,317)

(1,317)

Long-term debt, current and non-current

$

918,585

$

$

901,003

$

Fair Value Measurements

at Reporting Date Using

Quoted Price

in Active

Significant

Carrying

Markets for

Other

Significant

Value

Identical

Observable

Unobservable

December 31, 

Assets

Inputs

Inputs

(U.S. Dollars in thousands)

    

2024

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Recurring:

Financial assets:

Cash and cash equivalents

$

66,933

$

66,933

$

$

Current derivative assets:

 

  

 

  

 

  

 

  

Interest rate swap contracts

 

8,112

 

 

8,112

 

Non-current derivative assets:

 

  

 

  

 

  

 

  

Interest rate swap contracts

 

5,189

 

 

5,189

 

Financial liabilities:

 

  

 

  

 

  

 

  

Long-term debt, current and non-current

$

909,653

$

$

887,192

$