The following tables provide information on the change in fair value of derivative contracts as recorded in the Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2026 | | Six months ended June 30, 2026 | (in thousands) | Derivatives Previously Designated as Hedging Instruments | | Derivatives Not Designated as Hedging Instruments | | Derivatives Previously Designated as Hedging Instruments | | Derivatives Not Designated as Hedging Instruments | | Consolidated Other Comprehensive Income (Loss) | | | | | | | | | Gain (loss) in other comprehensive income (loss) reclassified to earnings from termination of interest rate swaps, net | $ | — | | | $ | — | | | $ | 42 | | | $ | — | | | Amortization of derivatives | (1,079) | | | — | | | (2,198) | | | — | | | Less: Taxes on total net gain (loss) recognized in other comprehensive income (loss) | 284 | | | — | | | 567 | | | — | | | | | | | | | | | Consolidated Statements of Operations | | | | | | | | Interest expense, net | | | | | | | | | Change in fair value of interest rate swaps, net | — | | | 6,542 | | | $ | — | | | $ | 7,187 | | Gain (loss) on interest rate swaps, net(1) | — | | | — | | | — | | | (42) | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2025 | | Six months ended June 30, 2025 | (in thousands) | Derivatives Previously Designated as Hedging Instruments | | Derivatives Not Designated as Hedging Instruments | | Derivatives Previously Designated as Hedging Instruments | | Derivatives Not Designated as Hedging Instruments | | Consolidated Other Comprehensive Income (Loss) | | | | | | | | | Gain (loss) recognized in other comprehensive income (loss) | $ | (659) | | | $ | — | | | $ | (659) | | | $ | — | | | Amortization of derivatives | (1,480) | | | — | | | (3,173) | | | — | | | Less: Taxes on total net gain (loss) recognized in other comprehensive income (loss) | 563 | | | — | | | 1,009 | | | — | | | | | | | | | | | Consolidated Statements of Operations | | | | | | | | Interest expense, net | | | | | | | | | Change in fair value of interest rate swaps, net | — | | | (12,381) | | | — | | | (34,122) | | Gain (loss) on interest rate swaps, net(1) | — | | | 659 | | | $ | — | | | $ | 659 | |
(1)The gain (loss) on interest rate swaps, net, represents gains and losses reclassified into earnings as a result of the discontinuance of cash flow hedges when the Company determines that it is probable that the original forecasted transactions will not occur by the end of the originally specified time period.
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