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Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2024

Derivatives and Hedging Activities [Abstract]

Fair Value of Derivative Instruments on the Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet:

				Fair Values of Derivative Instruments
Derivatives in Cash flow Hedging Relationships:		Balance Sheet Location		June 30, 2024				December 31, 2023
Interest Rate Swap - Asset		Prepaid expenses and other		$	9,443			$	8,955
Interest Rate Swap - Asset		Other assets		$	681			$	3,734

Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss

The tables below present the effect of cash flow hedge accounting on Accumulated Other Comprehensive Loss.

		Amount of Gain Recognized in Other Comprehensive Loss on Derivatives
		Three Months Ended								Six Months Ended
		June 30,								June 30,
Derivatives in Cash flow Hedging Relationships:		2024				2023				2024				2023
Interest Rate Swaps		$	705			$	3,868			$	2,714			$	3,058

				Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Income
				Three Months Ended								Six Months Ended
				June 30,								June 30,
Derivatives in Cash flow Hedging Relationships:		Income Statement Location		2024				2023				2024				2023
Interest Rate Swaps		Other expense, net		$	2,636			$	2,466			$	5,279			$	4,663

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- References

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- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B

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