v3.26.1
Derivatives (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The line-items and fair values for these instruments included in the Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025 was as follows (in thousands):
June 30, 2026December 31, 2025
Interest rate swaps (designated as hedging instruments)
Prepaid expenses and other assets$4,537 $2,190 
Other liabilities4,449 10,323 
Foreign exchange forward contracts (not designated as hedging instruments)
Prepaid expenses and other assets1,247 914 
Other liabilities3,538 2,062 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The effects of interest rate swaps designated as cash flow hedging instruments for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):
Gain/(loss) recognized in OCI, net of tax
Three Months Ended June 30,Six Months Ended June 30,
Hedging instrument2026202520262025
Interest rate swaps$(2,653)$(4,086)$5,430 $(4,010)
Gain/(loss) reclassified from OCI into income
Three Months Ended June 30,Six Months Ended June 30,
Included in Income statement line-item2026202520262025
Interest expense, net$(604)$2,914 $(940)$5,577 
Schedule of derivative instruments not designated as hedging instruments
The effects of foreign exchange forward contracts not designated as hedging instruments for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Included in Income Statement line-item2026202520262025
Foreign exchange gain/(loss), net$209 $(17,190)$8,888 $(15,696)
Interest expense, net268 150 619 (1)