Derivatives |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivatives | 8. Derivatives The Company is party to various interest rate swap agreements designated and qualifying as cash flow hedges of the Company's forecasted variable interest cash flows. The swaps were designed to hedge exposure to floating interest rates on the 2024 Term Loan Facility (as defined in Note 8 - Debt) for the six months ended June 30, 2025 and on the 2024 Revolving Credit Facility (as defined in Note 8 - Debt) for the six months ended June 30, 2026. For the three and six months ended June 30, 2026 the Company recorded loss from derivative instruments in interest expense of $0.2 million and $0.3 million from swaps terminated in the year ended December 31, 2025. During the three and six months ended June 30, 2025, the Company partially terminated one outstanding swap agreement for Asset-Backed Secured Note 2 and recorded gain from derivative instruments in interest expense of $0.2 million and $0.2 million. The Company expects $0.7 million loss to be reclassified from accumulated other comprehensive income to earnings during the twelve months subsequent to June 30, 2026. As of December 31, 2025 there were no outstanding designated interest rate swaps with third parties. As of June 30, 2026, the Company had $659.0 million of notional amount in outstanding designated interest rate swaps with third parties. All interest rate swaps are highly effective. The following table presents a roll-forward of interest rate swaps recognized in accumulated other comprehensive income ("AOCI") (in thousands):
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