v3.26.1
DERIVATIVE INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Amount and Location of Derivatives in the Balance Sheet
The following table summarizes the amount and location of the Company’s derivative instruments in the condensed consolidated balance sheets (in thousands):
Fair Value - Derivatives in Asset Position
DerivativeBalance Sheet CaptionJune 30, 2026December 31, 2025
Interest rate cap designated as cash flow hedgePrepaid expenses and other current assets$3,014 $5,501 
Schedule of Pre-tax Gains (Losses) Recognized in the Statements of Comprehensive Income (Loss)
The following table presents the pre-tax (loss) gain from derivative instruments recognized in other comprehensive (loss) income in the Company’s unaudited condensed consolidated statements of comprehensive income (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Derivative2026202520262025
Interest rate cap designated as cash flow hedge$(1,516)$(2,232)$(2,487)$(5,413)
The following table presents the amount and location of pre-tax income (loss) recognized in the Company’s unaudited condensed consolidated statements of comprehensive income related to the Company’s derivative instruments (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
DerivativeIncome Statement Caption2026202520262025
Interest rate cap designated as cash flow hedgeInterest expense, net$1,695 $2,210 $3,403 $4,401