v3.26.1
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
The following tables include the key provisions of the Company’s interest rate swap agreements, including the fair value, as of June 30, 2026 and December 31, 2025:
NotionalFixed Base Interest Rate SwapEffective DateExpiration Date
Asset Fair Value as of June 30, 2026
Liability Fair Value as of June 30, 2026
(In thousands)
C$250 million
3.59%9/23/202212/31/2027$— $1,939 
Total$ $1,939 
NotionalFixed Base Interest Rate SwapEffective DateExpiration Date
Asset Fair Value as of December 31, 2025
Liability Fair Value as of December 31, 2025
(In thousands)
$200 million
3.05%12/29/20237/30/2027$736 $— 
$175 million
3.47%11/30/20227/30/2027— 493 
$270 million
3.05%11/01/202212/31/20271,170 — 
C$250 million
3.59%9/23/202212/31/2027— 2,910 
Total$1,906 $3,403 
Schedule of Derivative Results
The following tables present the effect of the Company’s designated derivative financial instruments on the accompanying Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025, including the impacts to Accumulated other comprehensive loss (“AOCI”):
Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In thousands)
Interest rate swaps$134 $(1,306)$4,439 $(7,827)
Treasury locks— — — 1,292 
Foreign currency exchange forwards— (1,598)— (1,598)
Cross-currency swap— (5,266)— (7,806)
Total designated derivative financial instruments$134 $(8,170)$4,439 $(15,939)
Location of Gain or (Loss) Reclassified from AOCI into EarningsAmount of Gain or (Loss) to Earnings from AOCI Reclassifications
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In thousands)
Interest rate swapsInterest expense$285 $1,653 $675 $3,452 
Interest rate swapsOther, net3,869 — 3,869 — 
Treasury locksInterest expense46 45 92 45 
Cross-currency swapForeign currency exchange loss, net— (5,126)— (6,021)
Cross-currency swapInterest expense— 50 — 213 
Total designated derivative financial instruments$4,200 $(3,378)$4,636 $(2,311)