v3.26.1
Derivatives and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swap
As of March 31, 2026, the Company had 11 interest rate swaps with a total notional amount of $290.0 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
$50,0002.171%May 2022January 2027
$25,0004.117%May 2022February 2028
$25,0004.117%May 2022February 2028
$25,0004.690%July 2022February 2028
$40,0004.832%December 2022February 2028
$25,0005.636%July 2023January 2027
$10,0005.949%September 2023February 2028
$40,0005.171%October 2024February 2028
$10,0005.452%November 2024February 2028
$10,0004.735%September 2025January 2030
$30,0004.703%September 2025January 2030

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 (Loss) for the three months ended March 31, 2026 and 2025 (in thousands):
For the Three Months Ended
March 31,
Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps)20262025
Amount of gain (loss) recognized on derivative in "Accumulated other comprehensive income"
$1,675 $(1,961)
Amount of income reclassified from "Accumulated other comprehensive income" into interest expense
$515 $883