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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative financial instruments

As part of our interest rate risk management strategy, we have entered into interest rate swaps, which we designated as cash flow hedges, to mitigate variability in interest payments on a portion of our variable-rate debt (Note 13). Information regarding our cash flow hedges was as follows:

																														December 31, 2022						December 31, 2021
(in thousands)						Notional amount						Interest Rate						Maturity						Balance Sheet Location						Fair Value Asset / (Liability)						Fair Value Asset / (Liability)
July 2019 interest rate swap:
						$	200,000					1.798		%				March 2023						Other current assets						$	1,184					$	—
																								Other non-current liabilities						—						(3,028)
September 2022 interest rate swap:
						300,000						3.895		%				September 2025						Other non-current assets						2,409						—

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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