v3.26.1
Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedging Instruments
The following table displays the total notional amount of the Company’s outstanding fixed-rate interest swap agreements:

Derivatives in Cash Flow Hedging Relationships
As of March 31,
As of December 31,
20262025
 (in thousands)
Interest rate contracts$50,000 $334,500 
The following table displays the total fair value of the Company’s outstanding fixed-rate interest swap agreements in the Condensed Consolidated Balance Sheets:

Derivative Assets
Derivatives in Cash Flow Hedging Relationships
As of March 31,
As of December 31,
Balance Sheet Location20262025
 (in thousands)
Interest rate contractsOther assets$339 $399 

Derivative Liabilities
Derivatives in Cash Flow Hedging Relationships
As of March 31,
As of December 31,
Balance Sheet Location20262025
 (in thousands)
Interest rate contractsAccounts payable and accrued expenses$— $286 
Schedule of Information About Financial Statement Effects Related to Cash Flow Hedges
The following table displays the total pre-tax (gain) loss reclassified from accumulated other comprehensive income (“AOCI”) to earnings as a result of the terminations of the interest rate derivative instruments described above, as these forecasted transactions were no longer probable of occurring:

Derivatives in Cash Flow Hedging Relationships
As of March 31,
As of December 31,
Location of (Gain) Loss20262025
 (in thousands)
Interest rate contractsInterest expense$(701)$2,980 
The following table provides additional information about the financial statement effects related to the cash flow hedges for the three months ended March 31, 2026 and 2025:
Derivatives in Cash Flow Hedging RelationshipsAmount of Unrealized Gain (Loss) Recognized in OCI on Derivatives
(Effective Portion)
Three months ended March 31,
20262025
(in thousands)
Interest rate contracts$926 $(5,431)
Total$926 $(5,431)