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Derivatives (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table summarizes the terms and fair value of our outstanding cash flow hedges as of June 30, 2025:

Notional

Derivative Assets

Derivative Liabilities

Amount

Maturity Date

Classification

Fair Value

Classification

Fair Value

Interest rate swaps

$

250,000

March 2027

Other assets, net

$

2,752

Other liabilities

$

—

The following table summarizes the terms and fair value of our outstanding cash flow hedges as of December 31, 2024:

Notional

Derivative Assets

Derivative Liabilities

Amount

Maturity Date

Classification

Fair Value

Classification

Fair Value

Interest rate swaps

$

300,000

March 2027

Other assets, net

$

6,113

Other liabilities

$

—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the effect of cash flow hedge accounting on our condensed consolidated statements of operations for the three and six months ended June 30, 2025:


	Amount of Loss Recognized in Other Comprehensive Income (Loss)					Total Amount of Expense Line Items Presented in the Condensed Consolidated Statement of Operations in Which the Effects are Recorded				Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Net Loss

	Three months ended June 30, 2025		Six months ended June 30, 2025		Location of Gain Reclassified from Accumulated Other Comprehensive Loss into Income	Three months ended June 30, 2025		Six months ended June 30, 2025		Three months ended June 30, 2025		Six months ended June 30, 2025
Interest rate swaps	$	(243)	$	(1,321)	Loss from discontinued operations, net of tax	$	(785,236)	$	(806,408)	$	931	$	2,040

The amount of ineffectiveness associated with these contracts was immaterial for the period presented.

The following table summarizes the effect of cash flow hedge accounting on our condensed consolidated statements of operations for the three and six months ended June 30, 2024:


	Amount of Gain Recognized in Other Comprehensive Income (Loss)					Total Amount of Expense Line Items Presented in the Condensed Consolidated Statement of Operations in Which the Effects are Recorded				Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Net Loss

	Three months ended June 30, 2024		Six months ended June 30, 2024		Location of Gain Reclassified from Accumulated Other Comprehensive Loss into Income	Three months ended June 30, 2024		Six months ended June 30, 2024		Three months ended June 30, 2024		Six months ended June 30, 2024
Interest rate swaps	$	1,599	$	6,156	Loss from discontinued operations, net of tax	$	(25,171)	$	(33,664)	$	1,875	$	4,523

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References + Details