Interest Rate Swaps (Tables)

6 Months Ended

Jun. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Effects of Designated Cash Flow Hedges on Condensed Consolidated Statements of Operations and Comprehensive Loss

The effects of designated cash flow hedges on the Company’s condensed consolidated statements of operations and comprehensive income (loss) consisted of the following for the three and six months ended June 30, 2026 and 2025:


		Amount of Gain Recognized in OCI on Derivative (Effective Portion)								Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)		Amount of Gain Reclassified from Accumulated OCI into Income (Effective Portion)
(in thousands) Derivatives in Cash Flow Hedging Relationships		2026				2025						2026				2025
For the three months ended June 30
Interest rate swaps		$	1,978			$	1,332			Interest expense, net		$	66			$	334

For the six months ended June 30
Interest rate swaps		$	4,025			$	1,511			Interest expense, net		$	56			$	334

Fair Value and Location of Derivatives Recognized in Condensed Consolidated Balance Sheets

The table below shows the fair value and location of the derivatives recognized in the Company’s condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025:


		Derivative Assets
				Fair Value as of
(in thousands) Derivatives Designated as Hedging Instruments:		Balance Sheet Location		June 30, 2026				December 31, 2025
Interest rate swaps		Other assets		$	2,542			$	332


		Derivative Liabilities
				Fair Value as of
(in thousands) Derivatives Designated as Hedging Instruments:		Balance Sheet Location		June 30, 2026				December 31, 2025
Interest rate swaps		Accounts payable and accrued liabilities		$	—			$	(1,759	)