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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of derivative instruments | The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets:
|  |  |  |  |  |  |  |  |  |  | Fair Value at December 31, |
(in thousands) |  |  |  |  |  |  |  |  | Assets (Liabilities) (1) |
Effective Date |  | Maturity Date |  | Notional Amount |  |  | Bank Pays Variable Rate of |  | Regency Pays Fixed Rate of |  | 2023 |  |  | 2022 |
12/1/22 |  | 3/17/25 |  |  | 24,000 |  |  | SOFR |  | 1.443% |  |  | 873 |  |  |  | 1,443 |
12/16/22 |  | 6/2/27 |  |  | 34,873 |  |  | SOFR |  | 2.261% |  |  | 1,540 |  |  |  | 2,158 |
1/17/23(2) |  | 8/15/24 |  |  | 13,033 |  |  | SOFR |  | 3.995% |  |  | 196 |  |  |  | - |
7/17/17(2) |  | 7/1/27 |  |  | 43,150 |  |  | SOFR |  | 1.498% |  |  | 3,041 |  |  |  | - |
9/21/16(2) |  | 10/1/26 |  |  | 8,768 |  |  | SOFR |  | 1.475% |  |  | 526 |  |  |  | - |
8/16/18(2) |  | 8/15/28 |  |  | 8,764 |  |  | SOFR |  | 4.830% |  |  | 214 |  |  |  | - |
3/18/19(2) |  | 4/1/29 |  |  | 23,078 |  |  | SOFR |  | 3.165% |  |  | 473 |  |  |  | - |
2/1/2 2(2) |  | 2/1/32 |  |  | 33,667 |  |  | SOFR |  | 3.053% |  |  | 4,879 |  |  |  | - |
1/3/23(2) |  | 7/1/29 |  |  | 10,944 |  |  | SOFR |  | 3.633% |  |  | 861 |  |  |  | - |
1/3/23(2) |  | 11/1/24 |  |  | 5,000 |  |  | SOFR |  | 3.705% |  |  | 106 |  |  |  | - |
2/24/23 |  | 12/31/26 |  |  | 15,342 |  |  | SOFR |  | 4.229% |  |  | (212 | ) |  |  | 152 |
2/21/23 |  | 12/21/26 |  |  | 24,365 |  |  | SOFR |  | 1.684% |  |  | 1,386 |  |  |  | 1,939 |
9/19/23 |  | 9/19/28 |  |  | 30,919 |  |  | SOFR |  | 4.314% |  |  | (1,008 | ) |  |  | 883 |
10/31/17(2) |  | 10/1/24 |  |  | 6,025 |  |  | SOFR |  | 2.334% |  |  | 118 |  |  |  | - |
12/1/23 |  | 12/1/26 |  |  | 13,000 |  |  | SOFR |  | 4.060% |  |  | (115 | ) |  |  | - |
Total derivative financial instruments |  |  |  |  |  |  | $ | 12,878 |  |  |  | 6,575 |
(1) Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities. (2) Derivative instruments assumed as part of the UBP acquisitions.
Derivative Instruments, Gain (Loss) | The following table represents the effect of the derivative financial instruments on the accompanying Consolidated Financial Statements:
Location and Amount of Gain (Loss) Recognized in OCI on Derivative |  |  | Location and Amount of Loss (Gain) Reclassified from AOCI into Income |  |  | Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |
|  | Year ended December 31, |  |  |  |  | Year ended December 31, |  |  |  |  | Year ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |  |  |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
Interest rate swaps |  | $ | (2,448 | ) |  |  | 20,061 |  |  |  | 5,391 |  |  | Interest expense, net |  | $ | (7,536 | ) |  |  | 833 |  |  |  | 4,141 |  |  | Interest expense, net |  | $ | 154,249 |  |  |  | 146,186 |  |  |  | 145,170 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Early extinguishment of debt |  | $ | (99 | ) |  |  | — |  |  |  | — |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: 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 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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