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INTEREST RATE SWAPS (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of interest rate swap agreements

Information related to the Company’s interest rate swap agreements as of September 30, 2025 is presented below (in thousands):


Hedged Item ⁽¹⁾		Effective Date		Maturity Date		Rate		Amount			Fair Value as of September 30, 2025
2027 Term Loan		3/29/2024		1/31/2027		1.35% + 0.10% + applicable spread		$	100,000		$	2,787
2027 Term Loan⁽²⁾		1/31/2027		1/30/2032		3.75% + 0.10% + applicable spread		$	60,000		$	(1,001)
2028 Term Loan		9/30/2022		1/31/2028		3.78% + 0.10% + applicable spread		$	50,000		$	(523)
2028 Term Loan		9/30/2022		1/31/2028		3.78% + 0.10% + applicable spread		$	50,000		$	(527)
2028 Term Loan ⁽²⁾		1/31/2028		1/31/2033		3.81% + 0.10% + applicable spread		$	60,000		$	(697)
2029 Term Loan⁽³⁾		3/29/2024		3/10/2026		1.44% + applicable spread		$	20,000		$	212
2029 Term Loan		1/31/2023		1/31/2030		3.27% + applicable spread		$	50,000		$	86
2029 Term Loan		1/31/2023		1/31/2030		3.26% + applicable spread		$	33,000		$	68
2029 Term Loan		1/31/2023		1/31/2030		3.36% + applicable spread		$	17,000		$	(29)
2029 Term Loan⁽³⁾		3/29/2024		3/10/2026		1.48% + applicable spread		$	5,000		$	52
2029 Term Loan⁽²⁾ ⁽³⁾		3/10/2026		3/10/2031		3.83% + applicable spread		$	20,000		$	(464)
2029 Term Loan⁽²⁾		3/10/2026		1/30/2030		3.26% + applicable spread		$	5,000		$	(3)
2030 Term Loan⁽³⁾		3/29/2024		3/10/2026		1.43% + applicable spread		$	20,000		$	213
2030 Term Loan⁽⁴⁾		4/30/2025		4/30/2030		3.41% + applicable spread		$	50,000		$	(197)
2030 Term Loan⁽⁴⁾		4/30/2025		4/30/2030		3.23% + applicable spread		$	50,000		$	189
2030 Term Loan⁽³⁾		3/29/2024		3/10/2026		1.48% + applicable spread		$	5,000		$	52
2030 Term Loan⁽²⁾ ⁽³⁾		3/10/2026		3/10/2031		3.78% + applicable spread		$	20,000		$	(420)
2030 Term Loan⁽²⁾		3/10/2026		4/30/2030		3.27% + applicable spread		$	5,000		$	(2)
Credit Facility		2/1/2024		1/31/2028		3.85% + 0.10% + applicable spread		$	50,000		$	(588)
Credit Facility ⁽³⁾		8/31/2021		3/10/2026		0.70% + 0.10% + applicable spread		$	15,000		$	208

⁽¹⁾	Effective 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.

⁽³⁾	Effective September 30, 2025, the Company redesignated certain interest rate swaps from its 2026 Term Loan to its 2029 and 2030 Term Loans.

⁽⁴⁾	Effective September 30, 2025, the Company redesignated certain interest rate swaps from its Credit Facility to its 2030 Term Loan.