v3.26.1
Financial Instruments and Derivatives (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Effect of Derivative Instruments on Condensed Consolidated Statement of Operations

The tables below present the effect of the Company’s derivative financial instruments on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025 (dollars in thousands):

 

 

 

 

Net Loss Reclassified from AOCL into Interest Expense

 

 

 

Location of Loss Reclassified

 

Three months ended June 30,

 

Derivatives in Cash Flow Hedging Relationships

 

from AOCL into Income

 

2026

 

 

2025

 

Terminated interest rate swaps

 

Interest expense

 

$

(381

)

 

$

(429

)

 

 

 

 

Six months ended June 30,

 

 

 

 

 

2026

 

 

2025

 

Terminated interest rate swaps

 

Interest expense

 

$

(762

)

 

$

(858

)

 

 

 

 

 

 

Gain (Loss) Recognized in Earnings on Derivative

 

 

 

Location of Gain (Loss) Recognized

 

Three months ended June 30,

 

Derivative Not Designated as Hedging Instrument

 

in Earnings on Derivative

 

2026

 

 

2025

 

Preferred stock embedded derivative

 

Other non-operating income, net

 

$

1,091

 

 

$

1,693

 

 

 

 

 

Six months ended June 30,

 

 

 

 

 

2026

 

 

2025

 

Preferred stock embedded derivative

 

Other non-operating income, net

 

$

(483

)

 

$

1,283