v3.26.1
Interest Rate Derivatives (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Key Terms and Fair Values of Interest Rate Swap Derivatives
The table below presents the key terms and fair values of our interest rate swap derivatives (dollars in thousands):
Fair Value at
Notional AmountFixed RateFloating Rate IndexEffective DateExpiration DateJune 30,
2026		December 31,
2025
$10,040 (1)1.678%
SOFR + 0.10%
8/1/20198/1/2026$17 $114 
$150,000 3.742%One-Month SOFR2/1/20232/2/2026— (5)
$50,000 3.747%One-Month SOFR2/1/20232/2/2026— (2)
$17 $107 
(1)The notional amount of this instrument is scheduled to amortize to $10.0 million.
Schedule of Fair Value and Balance Sheet Classification of Interest Rate Derivatives
The table below presents the fair value of our interest rate derivatives as well as their classification on our consolidated balance sheets (in thousands):
Fair Value at
DerivativesBalance Sheet LocationJune 30,
2026		December 31,
2025
Interest rate swaps designated as cash flow hedgesPrepaid expenses and other assets, net$17 $114 
Interest rate swaps designated as cash flow hedgesOther liabilities$— $(7)
Schedule of Effect of Interest Rate Derivatives on Consolidated Statements of Operations and Comprehensive Income
The table below presents the effect of our interest rate derivatives on our consolidated statements of operations and comprehensive income (in thousands):
Amount of (Loss) Income
Recognized in
AOCI on Derivatives		Amount of Income Reclassified from AOCI into Interest Expense on Statement of Operations
Derivatives in Hedging RelationshipsFor the Three Months Ended June 30,For the Six Months Ended June 30,For the Three Months Ended June 30,For the Six Months Ended June 30,
20262025202620252026202520262025
Interest rate derivatives$(1)$274 $8 $194 $52 $366 $98 $928