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FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
Investments, All Other Investments [Abstract] |
Schedule of Activities Related to Investments | The following table summarizes activities related to these investments for the six months ended June 30, 2024 and the twelve months ended December 31, 2023 (in thousands):
| Six Months Ended June 30, 2024 |  | Twelve Months Ended December 31, 2023 |
Fair value at beginning of period | $ | 39,459 |  |  | $ | 43,485 |  |
Purchases | 12,100 |  |  | 14,122 |  |
Redemptions | (500) |  |  | (3,310) |  |
Maturities | (11,921) |  |  | (15,155) |  |
Change in bond premium | (238) |  |  | (1,099) |  |
Fair market value adjustment | 312 |  |  | 1,416 |  |
Fair value at end of period | $ | 39,212 |  |  | $ | 39,459 |  |
Schedule of Outstanding Interest Rate Swaps | The following table summarizes our outstanding interest rate swaps and their classification in the accompanying unaudited Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023 (amounts in thousands):
| June 30, 2024
| Notional Amount |  | Fixed Rate |  | Expiration |  | Fair Value |  | Balance Sheet Location
Interest rate swap | $ | 50,000 |  |  | 0.834 | % |  | 4/14/2025 |  | $ | 1,654 |  |  | Other current asset
Interest rate swap | $ | 30,000 |  |  | 1.186 | % |  | 12/14/2026 |  | $ | 2,227 |  |  | Other non-current asset
Interest rate swap | $ | 20,000 |  |  | 2.450 | % |  | 8/14/2027 |  | $ | 1,039 |  |  | Other non-current asset
Interest rate swap | $ | 25,000 |  |  | 3.669 | % |  | 4/14/2028 |  | $ | 388 |  |  | Other non-current asset
Interest rate swap | $ | 25,000 |  |  | 4.488 | % |  | 10/14/2028 |  | $ | (418) |  |  | Other non-current liability
| December 31, 2023
| Notional Amount |  | Fixed Rate |  | Expiration |  | Fair Value |  | Balance Sheet Location
Interest rate swap | $ | 50,000 |  |  | 0.834 | % |  | 4/14/2025 |  | $ | 2,282 |  |  | Other non-current asset
Interest rate swap | $ | 30,000 |  |  | 1.186 | % |  | 12/14/2026 |  | $ | 2,125 |  |  | Other non-current asset
Interest rate swap | $ | 20,000 |  |  | 2.450 | % |  | 8/14/2027 |  | $ | 784 |  |  | Other non-current asset
Interest rate swap | $ | 25,000 |  |  | 3.669 | % |  | 4/14/2028 |  | $ | (129) |  |  | Other non-current liability
Interest rate swap | $ | 25,000 |  |  | 4.488 | % |  | 10/14/2028 |  | $ | (1,063) |  |  | Other non-current liability
Schedule of Effects of Interest Rate Swap | The following table summarizes the effects of the interest rate swaps on the accompanying unaudited Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2024 and 2023 (in thousands):
| Gain Recognized in AOCI, net of tax |  | Gain Reclassified from AOCI into Expense |
| Three Months Ended June 30, |  | Three Months Ended June 30, |
| 2024 |  | 2023 |  | 2024 |  | 2023 |
Interest rate swaps | $ | 587 |  |  | $ | 2,187 |  |  | $ | 1,174 |  |  | $ | 1,073 |  |
| Gain Recognized in AOCI, net of tax |  | Gain (Loss) Reclassified from AOCI into Expense |
| Six Months Ended June 30, |  | Six Months Ended June 30, |
| 2024 |  | 2023 |  | 2024 |  | 2023 |
Interest rate swaps | $ | 2,441 |  |  | $ | 1,472 |  |  | $ | 2,365 |  |  | $ | 1,970 |  |

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