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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value Derivative Instruments Included in Condensed Consolidated Balance Sheets

he fair value and effect of the derivative instrument included in the Company’s consolidated financial statements was as follows:

(in thousands)						Balance Sheet Classification						December 31, 2023						December 31, 2022
Derivative instrument designated as cash flow hedge:
Interest rate swap contract						Prepaid expenses and other current assets						$	1,371					$	1,457
						Other long-term assets						837						1,706
Total derivative instrument designated as cash flow hedge												$	2,208					$	3,163

Schedule of Derivatives Instruments Effect on Condensed Consolidated Statement of Operations

																		Year Ended December 31,
(in thousands)						Financial Statements Classification																		2023						2022
Derivative instrument designated as cash flow hedge:
Income recognized in other comprehensive income (loss) before reclassifications						Statement of Comprehensive Income (Loss)																		$	954					$	2,966
Reclassification from accumulated other comprehensive income to earnings for the effective portion						Statement of Operations - Interest expense, net																		$	(1,692)					$	215
Income tax expense						Statement of Operations - Income tax expense																		$	(10)					$	(273)

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- References

No definition available.

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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 derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A

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