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INTEREST RATE SWAPS (Tables)

12 Months Ended

Dec. 31, 2022

INTEREST RATE SWAPS

Schedule of interest rate swap agreements


Hedged Item ⁽¹⁾		Effective Date		Maturity Date		Rate		Amount			Fair Value as of December 31, 2022
2026 Term Loan		3/10/2021		3/29/2024		0.12% + 0.10% + applicable spread		$	50,000		$	2,818
2026 Term Loan		3/29/2024		3/10/2026		1.44% + 0.10% + applicable spread		$	50,000		$	1,768
2026 Term Loan		8/31/2021		3/10/2026		0.70% + 0.10% + applicable spread		$	15,000		$	1,461
2027 Term Loan		11/5/2021		3/29/2024		0.64% + 0.10% + applicable spread		$	100,000		$	5,007
2027 Term Loan		3/29/2024		1/31/2027		1.35% + 0.10% + applicable spread		$	100,000		$	5,104
2028 Term Loan		9/30/2022		1/31/2028		3.78% + 0.10% + applicable spread		$	50,000		$	(194)
2028 Term Loan		9/30/2022		1/31/2028		3.78% + 0.10% + applicable spread		$	50,000		$	(203)

⁽¹⁾	Effective September 30, 2022 the Company converted its existing interest rate swaps from 1-month LIBOR to SOFR.