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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Accumulated Other Comprehensive Income

Note 17 — Accumulated Other Comprehensive Income

The following table presents the changes in the component of accumulated other comprehensive income balances for the three and nine months ended September 30, 2023 and 2022:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Beginning balance

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Net unrealized gain on cash flow hedges arising during the period, net of tax

 

 

905

 

 

 

—

 

 

 

905

 

 

 

—

 

Ending balance

 

$

905

 

 

$

—

 

 

$

905

 

 

$

—

 

The following table presents the component of other comprehensive income and the related tax effect for the quarter ended September 30, 2023:

 

 

September 30, 2023

 

(in thousands)

 

Before-Tax

 

 

Tax Effect

 

 

Net-of-Tax

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

Forward starting payer interest rate swaps:

 

 

 

 

 

 

 

 

 

Net unrealized gain arising during the period

 

$

1,261

 

 

$

356

 

 

$

905

 

Other comprehensive income

 

$

1,261

 

 

$

356

 

 

$

905