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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

Designated as a Level 2 instrument within the fair value hierarchy, the fair value and effect of the derivative instrument included in the Company’s consolidated financial statements was as follows:

(in thousands)						Balance Sheet Classification						March 31, 2024						December 31, 2023
Derivative instrument designated as cash flow hedge:
Interest rate swap contract						Prepaid expenses and other current assets						$	1,525					$	1,371
						Other long-term assets						1,300						837
Total derivative instrument designated as cash flow hedge												$	2,825					$	2,208

Schedule of Derivatives Instruments Effect on Condensed Consolidated Statement of Operations

												Three Months Ended March 31,
(in thousands)						Financial Statements Classification						2024						2023
Derivative instrument designated as cash flow hedge:
Income (loss) recognized in other comprehensive income (loss) before reclassifications						Statement of Comprehensive Income (Loss)						$	1,222					$	(571)
Reclassification from accumulated other comprehensive income (loss) to earnings for the effective portion						Statement of Operations - Interest expense, net						(469)						(333)
Income tax benefit (expense)						Statement of Operations - Income tax expense						(79)						80

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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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