Interest Rate Swap Agreements (Tables)

6 Months Ended

Jun. 30, 2026

The following table presents the effects of derivatives in cash flow hedging relationships on the Company's AOCI and

earnings (in thousands):


		Three Months Ended June 30,		Six Months Ended June 30,
	Classification	2026	2025	2026	2025
Unrealized income (loss) recognized	AOCI	$3,862	$(2,960)	$6,905	$(7,946)
Reclassification from AOCI into earnings	Interest expense, net	(1,416)	(2,890)	(2,884)	(5,765)
Net change in AOCI		$2,446	$(5,850)	$4,021	$(13,711)

The following table presents the fair value of the Company's

interest rate swap agreements as recorded in the unaudited condensed consolidated balance sheets (in thousands):


Classification	June 30, 2026	December 31, 2025
Assets:
Other current assets	$—	$2,891
Total interest rate swap assets	—	2,891
Liabilities:
Other accrued expenses and liabilities	120	1,750
Other long-term liabilities	742	6,024
Total interest rate swap liabilities	862	7,774
Fair value of interest rate swap agreements	$(862)	$(4,883)