v3.26.3
INTEREST RATE SWAPS (Tables)
9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swap agreements

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Hedged Item

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Effective Date

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Maturity Date

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Rate

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Amount

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Fair Value as of September 30, 2026

2029 Term Loan (1)

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5/21/2026

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2/2/2029

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3.36% +
applicable spread

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$

100,000

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$

2,830

2031 Term Loan (2)

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1/29/2027

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2/4/2031

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3.54%+
applicable spread

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$

100,000

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$

4,240

2031 Term Loan (3)

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11/29/2024

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1/31/2027

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1.61% +
applicable spread

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$

80,000

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$

677

2031 Term Loan (4)

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9/30/2022

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1/31/2027

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3.84% +
applicable spread

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$

20,000

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$

15

Revolving Facility (5)

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3/1/2023

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3/1/2028

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3.21% +
applicable spread

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$

50,000

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$

900

Revolving Facility (6)

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4/4/2025

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1/1/2027

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3.43% +
applicable spread

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$

50,000

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$

73

(1)As of September 30, 2026, the Company has utilized an interest rate swap to fix SOFR and achieve a weighted average fixed interest rate of 3.36% plus the applicable spread on the $100.0 million 2029 Term Loan balance.
(2)The interest rate swap agreement hedges the $100.0 million 2031 Term Loan balance under different terms and commences on January 29, 2027 to extend the fixed interest rate through February 4, 2031.
(3)As of September 30, 2026, the Company has utilized interest rate swaps to fix SOFR and achieve a fixed interest rate of 1.61% plus the applicable spread on $80.0 million of the $100.0 million 2031 Term Loan balance.
(4)As of September 30, 2026, the Company has utilized an interest rate swap to fix SOFR and achieve a fixed interest rate of 3.84% plus the applicable spread on $20.0 million of the $100.0 million 2031 Term Loan balance.
(5)As of September 30, 2026, the Company has utilized an interest rate swap to fix SOFR and achieve a fixed interest rate of 3.21% plus the applicable spread on $50.0 million of the outstanding balance on the Revolving Facility.
(6)As of September 30, 2026, the Company has utilized an interest rate swap to fix SOFR and achieve a fixed interest rate of 3.43% plus the applicable spread on $50.0 million of the outstanding balance on the Revolving Facility.