v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedging Instruments
The following table displays the total notional amount of the Company’s outstanding fixed-rate interest swap agreements:
Derivatives in Cash Flow Hedging Relationships
As of June 30,
As of December 31,
20262025
(in thousands)
Interest rate contracts$50,000 $334,500 
The following table displays the total fair value of the Company’s outstanding fixed-rate interest swap agreements in the Condensed Consolidated Balance Sheets:

Derivative Assets
Derivatives in Cash Flow Hedging Relationships
As of June 30,
As of December 31,
Balance Sheet Location20262025
(in thousands)
Interest rate contractsOther assets$878 $399 

Derivative Liabilities
Derivatives in Cash Flow Hedging Relationships
As of June 30,
As of December 31,
Balance Sheet Location20262025
(in thousands)
Interest rate contractsAccounts payable and accrued expenses$— $286 
Schedule of Information About Financial Statement Effects Related to Cash Flow Hedges
The following table displays the total pre-tax (gain) loss reclassified from accumulated other comprehensive income (“AOCI”) to earnings as a result of the terminations of the interest rate derivative instruments described above, as these forecasted transactions were no longer probable of occurring:

Derivatives in Cash Flow Hedging Relationships
As of June 30,
As of December 31,
Location of (Gain) Loss20262025
(in thousands)
Interest rate contractsInterest expense$(701)$2,980 
The following table provides additional information about the financial statement effects related to the cash flow hedges for the three and six months ended June 30, 2026 and 2025:
Derivatives in Cash Flow Hedging RelationshipsAmount of Unrealized Gain (Loss) Recognized in OCI on Derivatives
(Effective Portion)
Three months ended June 30,Six months ended June 30,
2026202520262025
(in thousands)
Interest rate contracts$538 $(3,534)$1,464 $(8,965)
Total$538 $(3,534)$1,464 $(8,965)