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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments
The following table presents information about the fair value amounts of our cash flow derivative instruments:  
 Derivatives as of
 March 31, 2025 December 31, 2024
 Balance Sheet LocationFair ValueFair Value
Derivatives Designated as Hedging Instruments:
Interest rate swap contractsOther assets$930 $1,556 
Derivatives Not Designated as Hedging Instruments:
Interest rate swap contractsOther assets$2,712 $3,540 
Interest rate swap contractsOther liabilities$99 $— 
Make-whole provisionsOther liabilities$15,983 $15,574 
Summary of Derivative Effect on Consolidated Statements of Income (Loss)
The following table presents information about the effects of our derivative instruments on our condensed consolidated statements of loss and condensed consolidated statements of comprehensive loss:
Amount of (Gain) Loss Recognized in Net Loss
Location of (Gain) Loss Recognized in Net LossThree Months Ended March 31,
20252024
Derivatives Designated as Hedging Instruments:
Interest rate swap contractsOther expenses, net$(107)$(276)
Derivatives Not Designated as Hedging Instruments:
Interest rate swap contractsOther expenses, net$927 $(1,102)
Make-whole provisionsOther expenses, net$408 $(1,257)
Summary of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in Accumulated Other Comprehensive Income (“AOCI”), net of taxes, from our hedging instruments:
Three Months Ended March 31, 2025
Derivatives Designated as Hedging Instruments:
Accumulated gain in AOCI at the beginning of the period$1,140 
Unrealized loss recognized in AOCI(395)
Gain reclassified from AOCI to other expenses, net(107)
Loss on derivatives(502)
Accumulated gain in AOCI at the end of the period$638 
Summary of Active Derivative Instruments
The following tables present all of our active derivative instruments as of March 31, 2025:
Active Interest Rate SwapsExpiration DateInitial Notional
Amount ($)		Status
11-Year, 5.77% Fixed
October 2029$9,200 Designated
15-Year, 5.24% Fixed
June 2033$10,000 Designated
10-Year, 4.74% Fixed
December 2027$14,100 Designated
8-Year, 3.49% Fixed
June 2028$14,643 Not Designated
8-Year, 3.49% Fixed
June 2028$10,734 Not Designated
13-Year, 0.72% Fixed
March 2033$9,505 Not Designated
13-Year, 0.72% Fixed
March 2033$6,968 Not Designated
17.75-Year, 3.16% Fixed
December 2040$14,084 Designated
18-Year, 3.81% Fixed
July 2041$32,021 Not Designated
Other DerivativesClassificationEffective DateExpiration DateFair Value ($)
Make-whole provisionsLiabilityJune/August 2018December 2038$492 
Make-whole provisionsLiabilityAugust 2016April 2031$35 
Make-whole provisionsLiabilityApril 2017February 2034$27 
Make-whole provisionsLiabilityNovember 2020December 2027$14 
Make-whole provisionsLiabilityOctober 2011May 2028$3 
Make-whole provisionsLiabilityMay 2021April 2045$77 
Make-whole provisionsLiabilityJuly 2021March 2046$2,218 
Make-whole provisionsLiabilityJune 2022March 2042$852 
Make-whole provisionsLiabilityMarch 2023December 2047$2,045 
Make-whole provisionsLiabilityApril 2024June 2042$9,578 
Make-whole provisionsLiabilityApril 2024June 2042$641