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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The fair values of the interest rate swap as of December 31, 2023 and 2022, were as follows (in thousands):
Aggregate
Notional
Amount
Effective DateFair Value
Derivative Liabilities
December 31,
Derivative InstrumentMaturity Date20232022
Interest rate swap$100,000 March 31, 2017July 21, 2023$— $1,998 
Interest rate swap75,000 July 21, 2023January 10, 2025740 — 
Interest rate swap50,000 July 21, 2023January 10, 2025494 — 
$1,234 $1,998 
Schedule of Unrealized Gain (Loss) and Reclassification of Interest Rate Swap The gains or losses on the effective swaps are recognized in other comprehensive income, as follows (in thousands):
Year Ending December 31,
202320222021
Unrealized (gain) loss on interest rate hedges $(764)$2,819 $3,673 
The losses reclassified from Accumulated other comprehensive income into interest expense for the three years ended December 31, 2023, were as follows (in thousands):
Year Ending December 31,
202320222021
Loss reclassified from accumulated other comprehensive income (loss) into interest expense$2,039 $2,039 $2,039