v3.26.1
Derivatives and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Interest Rate Derivatives Designated as Cash Flow Hedges of Interest Rate Risk
As of March 31, 2026, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:
Interest Rate Derivatives (Level 2)Number of Instruments
Notional Aggregate Principal Amount (in millions)
Fixed Rate
Maturity Date
Interest rate swap contractsTwo$425.0 3.280 %February 28, 2028
Schedule of Fair Value and Presentation in the Consolidated Balance Sheets for Derivatives
The following table summarizes the fair value and presentation on our Consolidated Balance Sheets for derivatives as of March 31, 2026 and December 31, 2025 (in millions):
March 31, 2026December 31, 2025
InstrumentDerivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
Derivatives designated as hedging instruments:
Interest rate swap contracts(1)
$1.6 $— $1.4 $— 
Interest rate swap contracts(2)
0.9 — — — 
Total designated derivative fair value$2.5 $— $1.4 $— 
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(1)Included in Prepaid expenses and other current assets on our Consolidated Balance Sheets.
(2)Included in Deferred costs and other assets, net of current portion on our Consolidated Balance Sheets.