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Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of outstanding derivatives that were not designated as a hedge in qualifying hedging relationships | As of September 30, 2025, the Company had the following outstanding derivatives that were not designated as a hedge in qualifying hedging relationships:
Product |  | Effective Date |  | Maturity Date |  | Notional |  | Rate
Interest rate swap |  | June 30, 2023 |  | February 28, 2026 |  | $100.0 million |  | 4.32%
Interest rate swap |  | December 29, 2023 |  | December 31, 2026 |  | $150.0 million |  | 3.86%
Interest rate swap |  | March 1, 2024 |  | December 31, 2026 |  | $150.0 million |  | 3.76%
Interest rate swap |  | August 31, 2024 |  | December 31, 2026 |  | $160.0 million |  | 3.72%
Interest rate swap |  | October 31, 2024 |  | October 31, 2027 |  | $275.0 million |  | 3.94%
Interest rate swap |  | April 30, 2025 |  | April 30, 2028 |  | $250.0 million |  | 3.56%
Summary of Location and Fair Value of Financial Position and Location of Derivative Instruments | The following is a summary of location and fair value of the financial positions recorded related to the derivative instruments as of September 30, 2025 and December 31, 2024 (in thousands):
|  |  |  | Fair Value |
Derivatives not designated as hedging instruments |  | Balance Sheet Location |  | September 30, 2025 |  |  | December 31, 2024 |
Interest rate swaps |  | Prepaid expenses and other current assets |  | $ | — |  |  | $ | 3,110 |
Interest rate swaps |  | Accrued liabilities |  | $ | 6,330 |  |  | $ | 247 |
The following is a summary of location and amount of gains and losses recorded related to the derivative instruments (in thousands):
|  |  |  | Gain (Loss) |
|  |  |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
Derivatives not designated as hedging instruments |  | Income Statement Location |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Interest rate collars |  | Interest expense, net |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 951 |
Interest rate swaps |  | Interest expense, net |  | $ | 812 |  |  | $ | (8,171 | ) |  | $ | (5,607 | ) |  | $ | 55 |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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- Definition 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 + Details
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