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DERIVATIVES AND HEDGING INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments, Designated as Cash Flow Hedges

The table below presents information about our interest rate swaps, designated as cash flow hedges, included in the consolidated balance sheets:

Fair Values

Derivative Financial Instruments

Balance Sheet Location

Weighted-Average Fixed Rate of Interest at March 31, 2024

Range of Maturity Dates at March 31, 2024

March 31, 2024

December 31, 2023

(in thousands)

Interest rate swaps (Notional of $1.5 billion at March 31, 2024)

Other noncurrent liabilities

4.26

%

April 17, 2027 - August 17, 2027

$

3,258

$

28,187

Schedule of Derivative Instrument Effects on Income

The table below presents the effects of our interest rate swaps on the consolidated statements of income and statements of comprehensive income for the three months ended March 31, 2024 and 2023:

			Three Months Ended
			March 31, 2024						March 31, 2023
			(in thousands)
Net unrealized gains (losses) recognized in other comprehensive income (loss)			$	29,116					$	(48,051)
Net unrealized gains (losses) reclassified out of other comprehensive income (loss) to interest expense			$	2,662					$	(1,386)

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

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