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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
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Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Derivatives | The following table contains information on the outstanding interest rate swaps as of December 31, 2025:
Outstanding Interest Rate Swaps (a)
Date Entered Into | Term | Notional Amount | Related Debt Facility | Fixed Rate of Swap | Bank Margin on Debt | Total Effective Interest Rate (b)
April 2016 | 10 years | $100,000 |  | 2016 Incremental Term Loan | 1.50 | % | 1.75 | % | 3.25 | %
April 2016 | 10 years | 100,000 |  | 2016 Incremental Term Loan | 1.51 | % | 1.75 | % | 3.26 | %
February 2022 | 7 years | 200,000 |  | 2021 Incremental Term Loan | 0.67 | % | 1.92 | % | 2.59 | %
August 2024 | 4 years | 100,000 |  | 2015 Term Loan | 0.78 | % | 1.60 | % | 2.38 | %
August 2024 | 4 years | 50,000 |  | 2015 Term Loan | 0.64 | % | 1.60 | % | 2.24 | %
August 2024 | 4 years | 50,000 |  | 2015 Term Loan | 3.29 | % | 1.60 | % | 4.89 | %
(a)All interest rate swaps are designated as cash flow hedges and qualify for hedge accounting. (b)Rate is before estimated patronage payments.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The following table demonstrates the impact, gross of tax, of our derivatives on the Consolidated Statements of Income and Comprehensive Income (Loss) for the years ended December 31, 2025, 2024 and 2023:
| Location on Statement of Income and Comprehensive Income (Loss) |  | 2025 |  | 2024 |  | 2023
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |
Interest rate products | Other comprehensive income (loss), relating to continuing operations |  | ($3,830) |  |  | $21,795 |  |  | $10,265 |
| Interest expense, net |  | (17,773) |  |  | (28,406) |  |  | (26,311) |
The following table provides details of the amounts expected to be reclassified into earnings:
| Amount expected to be reclassified into earnings in next 12 months
Derivatives designated as cash flow hedges: |
Interest rate products (a) | $9,884 |
Total estimated gain on derivatives contracts | $9,884 |
(a) These reclassified amounts are expected to perfectly offset variable interest rate payments to debt holders, resulting in no net impact on our earnings or cash flows.
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2025 and 2024:
| Notional Amount
| 2025 |  | 2024
Derivatives designated as cash flow hedges: |  |  |
Interest rate swaps | $600,000 |  |  | $600,000 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2025 and 2024. Changes in balances of derivative financial instruments are recorded as operating activities in the Consolidated Statements of Cash Flows:
|  |  | Fair Value Assets (Liabilities) (a)
| Location on Balance Sheet |  | 2025 |  | 2024
Derivatives designated as cash flow hedges: |  |  |  |  |
Interest rate swaps |  |  |  |  |
| Other current assets |  | $1,404 |  |  | — |
| Other assets |  | 25,438 |  |  | 49,353 |
Total derivative assets |  | $26,842 |  |  | $49,353 |
| Other non-current liabilities |  | ($23) |  |  | — |
Total derivative liabilities |  | ($23) |  |  | — |
(a)See Note 10 — Fair Value Measurements for further information on the fair value of our derivatives including their classification within the fair value hierarchy.

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