v3.25.3
FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
Investments, All Other Investments [Abstract]  
Summary of Activities Related to Investments
The following table summarizes activities related to these investments for the nine months ended September 30, 2025 and the year ended December 31, 2024 (in thousands):
Nine Months Ended September 30, 2025Year Ended December 31, 2024
Fair value at beginning of period$40,999 $39,459 
Purchases35,600 23,210 
Redemptions(3,525)(500)
Maturities (28,120)(21,423)
Change in bond premium(16)(386)
Fair market value adjustment221 639 
Fair value at end of period$45,159 $40,999 
Summary of Outstanding Interest Rate Swaps
The following table summarizes our outstanding interest rate swaps and their classification in the accompanying unaudited Condensed Consolidated Balance Sheets at September 30, 2025 and December 31, 2024 (amounts in thousands, except percentages):
September 30, 2025
Notional
Amount		Fixed RateExpirationFair
Value		Balance Sheet Location
Interest rate swap (1)
$100,000 4.047 %7/14/2026$(294)Other current liability
Interest rate swap$30,000 1.186 %12/14/2026$829 Other non-current asset
Interest rate swap (1)
$100,000 3.850 %7/14/2027$(828)Other non-current liability
Interest rate swap$20,000 2.450 %8/14/2027$330 Other non-current asset
Interest rate swap$25,000 3.669 %4/14/2028$(216)Other non-current liability
Interest rate swap $25,000 4.488 %10/14/2028$(846)Other non-current liability
Interest rate swap$50,000 3.703 %3/14/2030$(773)Other non-current liability
Interest rate swap$50,000 3.503 %4/14/2030$(375)Other non-current liability
Interest rate swap
$50,000 3.658 %7/14/2030$(709)Other non-current liability
Interest rate swap
$50,000 3.680 %7/15/2030$(753)Other non-current liability
(1)Entered into during the third quarter of 2025.
December 31, 2024
Notional
Amount		Fixed RateExpirationFair
Value		Balance Sheet Location
Interest rate swap $50,000 0.834 %4/14/2025$495 Other current asset
Interest rate swap$30,000 1.186 %12/14/2026$1,604 Other non-current asset
Interest rate swap$20,000 2.450 %8/14/2027$776 Other non-current asset
Interest rate swap$25,000 3.669 %4/14/2028$243 Other non-current asset
Interest rate swap$25,000 4.488 %10/14/2028$(437)Other non-current liability
Summary of Effects of Interest Rate Swap
The following table summarizes the effects of the interest rate swaps on the accompanying Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2025 and 2024 (in thousands):
Loss Recognized
in AOCI, net of tax
Gain Reclassified
from AOCI into Expense
Three Months Ended
September 30,		Three Months Ended
September 30,
2025202420252024
Interest rate swaps$(636)$(1,818)$846 $1,186 
(Loss) Gain Recognized
in AOCI, net of tax
Gain Reclassified
from AOCI into Expense
Nine Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest rate swaps$(3,072)$623 $2,219 $3,551