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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 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 June 30, 2026 and December 31, 2025.

						June 30, 2026												December 31, 2025
Balance Sheet Line Item (in thousands)						Effective Notional Amount						Fair Value						Effective Notional Amount						Fair Value
Interest rate swaps-gross asset						$	825,000					$	19,191					$	825,000					$	13,529
Interest rate swaps-gross liability						$	200,000					$	(2)					$	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 six months ended June 30, 2026 and 2025.

						Three months ended June 30,												Six months ended June 30,
Effect of Cash Flow Hedge Accounting (in thousands)						2026						2025						2026						2025
Income (loss) recognized in accumulated other comprehensive income on interest rate swaps						$	6,370					$	(1,235)					$	12,313					$	(6,339)
Income reclassified from accumulated other comprehensive income into income as interest expense						$	2,294					$	5,786					$	5,333					$	11,663
Total interest expense presented in the Consolidated Statements of Operations in which the effect of cash flow hedges are recorded						$	37,495					$	33,618					$	73,380					$	66,147

Schedule of financial instruments accounted for at fair value on a recurring basis

The following table summarizes the Company’s financial instruments that were recorded at fair value on a recurring basis as of June 30, 2026 and December 31, 2025. 

												Fair Value Measurements as of June 30, 2026 Using
Balance Sheet Line Item (in thousands)						Fair Value June 30, 2026						Level 1						Level 2						Level 3
Interest rate swaps-gross asset						$	19,191					$	—					$	19,191					$	—
Interest rate swaps-gross liability						$	(2)					$	—					$	(2)					$	—

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

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- References

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- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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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://www.xbrl.org/2009/role/commonPracticeRef
-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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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