Interest Rate Swap Agreements (Tables)

3 Months Ended

Mar. 31, 2026

The following table presents the effects of derivatives in cash flow hedging relationships on the Company's AOCI and

earnings (in thousands):


		Three Months Ended March 31,
	Classification	2026	2025
Unrealized income (loss) recognized	AOCI	$3,043	$(4,986)
Reclassification from AOCI into earnings	Interest expense, net	(1,468)	(2,875)
Net change in AOCI		$1,575	$(7,861)

The following table presents the fair value of the Company's

interest rate swap agreements as recorded in the unaudited condensed consolidated balance sheets (in thousands):


Classification	March 31, 2026	December 31, 2025
Assets:
Other current assets	$1,524	$2,891
Total interest rate swap assets	1,524	2,891
Liabilities:
Other accrued expenses and liabilities	1,014	1,750
Other long-term liabilities	3,818	6,024
Total interest rate swap liabilities	4,832	7,774
Fair value of interest rate swap agreements	$(3,308)	$(4,883)