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Derivatives and Hedging (Tables) | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of interest rate swaps and caps | The Company's interest rate swaps consisted of the following (in thousands):
|  |  |  |  |  |  |  | Notional value at |  | Fair value at
Hedge type |  | Swap rate |  | Effective Date |  | Maturity Date |  | December 31, 2023 |  | December 31, 2022 |  | December 31, 2023 |  | December 31, 2022
Swap-cash flow-LIBOR |  | 2.29% |  | March 2019 |  | December 2022 |  | — |  |  | 200,000 |  |  | — |  |  | — |
Swap-cash flow-LIBOR |  | 2.29% |  | March 2019 |  | December 2022 |  | — |  |  | 125,000 |  |  | — |  |  | — |
Swap-cash flow-Term SOFR |  | 2.64% |  | November 2020 |  | November 2023 |  | — |  |  | 100,000 |  |  | — |  |  | 1,935 |
Swap-cash flow-Daily SOFR (1) |  | 2.44% |  | January 2021 |  | December 2023 |  | 75,000 |  |  | 75,000 |  |  | — |  |  | 1,852 |
Swap-cash flow-Daily SOFR (1) |  | 2.31% |  | January 2021 |  | December 2023 |  | 75,000 |  |  | 75,000 |  |  | — |  |  | 1,948 |
Swap-cash flow-Daily SOFR (1) |  | 1.08% |  | April 2021 |  | April 2024 |  | 50,000 |  |  | 50,000 |  |  | 827 |  |  | 2,464 |
Swap-cash flow-Daily SOFR (1) |  | 1.13% |  | April 2021 |  | April 2024 |  | 50,000 |  |  | 50,000 |  |  | 819 |  |  | 2,436 |
Swap-cash flow-Daily SOFR (1) |  | 1.08% |  | April 2021 |  | April 2024 |  | 50,000 |  |  | 50,000 |  |  | 829 |  |  | 2,470 |
Swap-cash flow-Daily SOFR (1) |  | 0.97% |  | April 2021 |  | April 2024 |  | 50,000 |  |  | 50,000 |  |  | 849 |  |  | 2,504 |
Swap-cash flow-Daily SOFR (1) |  | 0.85% |  | April 2021 |  | April 2024 |  | 25,000 |  |  | 25,000 |  |  | 436 |  |  | 1,293 |
Swap-cash flow-Daily SOFR (1) |  | 0.88% |  | April 2021 |  | April 2024 |  | 25,000 |  |  | 25,000 |  |  | 434 |  |  | 1,304 |
Swap-cash flow-Daily SOFR (1)(2) |  | 0.86% |  | April 2021 |  | April 2024 |  | 25,000 |  |  | 25,000 |  |  | 436 |  |  | 1,310 |
Swap-cash flow-Daily SOFR (1)(2) |  | 0.83% |  | April 2021 |  | April 2024 |  | 25,000 |  |  | 25,000 |  |  | 439 |  |  | 1,321 |
Swap-cash flow-Term SOFR |  | 4.37% |  | April 2023 |  | April 2024 |  | 200,000 |  |  | — |  |  | 673 |  |  | — |
Swap-cash flow-Daily SOFR (1)(2) |  | 0.77% |  | June 2020 |  | December 2024 |  | 50,000 |  |  | 50,000 |  |  | 2,011 |  |  | 3,538 |
Swap-cash flow-Daily SOFR (1)(2) |  | 0.63% |  | June 2020 |  | December 2024 |  | 50,000 |  |  | 50,000 |  |  | 2,081 |  |  | 3,636 |
Swap-cash flow-Daily SOFR (1) |  | 1.16% |  | September 2021 |  | September 2025 |  | 150,000 |  |  | 150,000 |  |  | 7,969 |  |  | 11,636 |
Swap-cash flow-Daily SOFR (1)(2) |  | 0.56% |  | July 2021 |  | January 2026 |  | 50,000 |  |  | 50,000 |  |  | 3,556 |  |  | 5,041 |
Swap-cash flow-Daily SOFR |  | 2.95% |  | April 2024 |  | April 2027 |  | 125,000 |  |  | — |  |  | 1,769 |  |  | — |
Swap-cash flow-Daily SOFR |  | 2.85% |  | April 2024 |  | April 2027 |  | 65,000 |  |  | — |  |  | 1,103 |  |  | — |
Swap-cash flow-Daily SOFR |  | 2.75% |  | April 2024 |  | April 2027 |  | 60,000 |  |  | — |  |  | 1,188 |  |  | — |
Swap-cash flow-Daily SOFR |  | 3.70% |  | July 2024 |  | July 2027 |  | 25,000 |  |  | — |  |  | (254) |  |  | — |
Swap-cash flow-Daily SOFR |  | 3.45% |  | July 2024 |  | July 2027 |  | 25,000 |  |  | — |  |  | (77) |  |  | — |
Swap-cash flow-Daily SOFR |  | 3.71% |  | July 2024 |  | July 2027 |  | 25,000 |  |  | — |  |  | (259) |  |  | — |
|  |  |  |  |  |  |  | $ | 1,275,000 |  |  | $ | 1,175,000 |  |  | $ | 24,829 |  |  | $ | 44,688 |
(1) The Company modified the benchmark rate on this interest rate swap from LIBOR to Daily SOFR during the year ended December 31, 2023. (2) In February 2022, the Company dedesignated these swaps as the hedged forecasted transactions were no longer probable of occurring. Therefore, the Company reclassified a total of approximately $5.9 million of unrealized gains included in accumulated other comprehensive income to other income (expense), net, in the consolidated statements of operations and comprehensive income (loss). These swaps were subsequently redesignated and the amounts related to the initial fair value of $5.9 million that are recorded in other comprehensive income (loss) during the new hedging relationship will be reclassified to earnings on a straight line basis over the remaining life of these swaps.

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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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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