v3.26.1
Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Values of the Interest Rate Caps and Swaps

The fair values of the interest rate caps as of March 31, 2026 and December 31, 2025 were recorded in the Company’s unaudited condensed consolidated balance sheets as follows:

(in thousands)

 

 

 

 

 

 

 

 

Description

 

Balance Sheet Location

 

March 31, 2026

 

 

December 31, 2025

 

Short-term derivative asset

 

Prepaid expenses and other assets

 

$

45

 

 

$

3

 

Long-term derivative asset

 

Other assets

 

$

552

 

 

$

329