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INTEREST RATE SWAPS (Tables) | 6 Months Ended
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Jun. 30, 2024
INTEREST RATE SWAPS |
Schedule of interest rate swap agreements | Information related to the Company’s interest rate swap agreements as of June 30, 2024 is presented below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hedged Item (1) | ​ | Effective Date | ​ | Maturity Date | ​ | Rate | ​ | Amount | ​ | Fair Value as of June 30, 2024
2026 Term Loan | ​ | 3/29/2024 | ​ | 3/10/2026 | ​ | 1.44% + 0.10% + applicable spread | ​ | $ | 50,000 | ​ | $ | 2,605
2026 Term Loan | ​ | 8/31/2021 | ​ | 3/10/2026 | ​ | 0.70% + 0.10% + applicable spread | ​ | $ | 15,000 | ​ | $ | 963
2026 Term Loan (2) | ​ | 3/10/2026 | ​ | 3/10/2031 | ​ | 3.80% + 0.10% + applicable spread | ​ | $ | 40,000 | ​ | $ | (203)
2027 Term Loan | ​ | 3/29/2024 | ​ | 1/31/2027 | ​ | 1.35% + 0.10% + applicable spread | ​ | $ | 100,000 | ​ | $ | 7,346
2027 Term Loan (2) | ​ | 1/31/2027 | ​ | 1/30/2032 | ​ | 3.75% + 0.10% + applicable spread | ​ | $ | 60,000 | ​ | $ | (221)
2028 Term Loan | ​ | 9/30/2022 | ​ | 1/31/2028 | ​ | 3.78% + 0.10% + applicable spread | ​ | $ | 50,000 | ​ | $ | 621
2028 Term Loan | ​ | 9/30/2022 | ​ | 1/31/2028 | ​ | 3.78% + 0.10% + applicable spread | ​ | $ | 50,000 | ​ | $ | 613
2028 Term Loan (2) | ​ | 1/31/2028 | ​ | 1/31/2033 | ​ | 3.81% + 0.10% + applicable spread | ​ | $ | 60,000 | ​ | $ | (242)
Credit Facility | ​ | 1/31/2023 | ​ | 1/31/2030 | ​ | 3.27% + 0.10% + applicable spread | ​ | $ | 50,000 | ​ | $ | 1,728
Credit Facility | ​ | 1/31/2023 | ​ | 1/31/2030 | ​ | 3.26% + 0.10% + applicable spread | ​ | $ | 33,000 | ​ | $ | 1,160
Credit Facility | ​ | 1/31/2023 | ​ | 1/31/2030 | ​ | 3.36% + 0.10% + applicable spread | ​ | $ | 17,000 | ​ | $ | 518
Credit Facility | ​ | 2/1/2024 | ​ | 1/31/2028 | ​ | 3.85% + 0.10% + applicable spread | ​ | $ | 50,000 | ​ | $ | 498
(1) | On September 30, 2022, the Company converted its existing interest rate swaps from 1-month LIBOR to SOFR.
(2) | The Company entered into forward swaps to further fix interest rates through periods that the Company reasonably expects to extend its current term loans.

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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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