v3.26.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swaps
The following table summarizes the fair value of the interest rate swaps as of September 30, 2026 and December 31, 2025.

September 30, 2026December 31, 2025
Balance Sheet Line Item (in thousands)Effective Notional Amount Fair Value Effective Notional Amount Fair Value
Interest rate swaps-gross asset$1,025,000 $38,609 $825,000 $13,529 
Interest rate swaps-gross liability$— $— $200,000 $(1,310)
Schedule of the location in the financial statements of the gain or loss recognized on interest rate swaps
The following table summarizes the effect of cash flow hedge accounting and the location of amounts related to the Company’s derivatives in the consolidated financial statements for the three and nine months ended September 30, 2026 and 2025.

Three months ended September 30,Nine months ended September 30,
Effect of Cash Flow Hedge Accounting (in thousands)2026202520262025
Income (loss) recognized in accumulated other comprehensive income on interest rate swaps$21,827 $3,085 $34,140 $(3,254)
Income reclassified from accumulated other comprehensive income into income as interest expense$2,402 $5,858 $7,735 $17,521 
Total interest expense presented in the Consolidated Statements of Operations in which the effect of cash flow hedges are recorded$39,126 $31,670 $112,506 $97,817 
Schedule of financial instruments accounted for at fair value on a recurring basis
The following tables summarize the Company’s financial instruments that were recorded at fair value on a recurring basis as of September 30, 2026 and December 31, 2025. 

Fair Value Measurements as of September 30, 2026 Using
Balance Sheet Line Item (in thousands)Fair Value September 30, 2026Level 1Level 2Level 3
Interest rate swaps-gross asset$38,609 $— $38,609 $— 
Fair Value Measurements as of December 31, 2025 Using
Balance Sheet Line Item (in thousands)Fair Value December 31, 2025Level 1Level 2Level 3
Interest rate swaps-gross asset$13,529 $— $13,529 $— 
Interest rate swaps-gross liability$(1,310)$— $(1,310)$—