v3.24.1.u1
Interest Rate Cap (Tables)
 3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of accumulated other comprehensive income (loss)
The following table outlines the changes in accumulated other comprehensive income (loss), net of tax, during the periods presented:
Three Months Ended March 31,
20232024
(in thousands)
Balance as of January 1$88,602 $42,907 
Gain (loss) on interest rate cap cash flow hedge
(2,696)4,370 
Amounts reclassified from accumulated other comprehensive income
(13,252)(16,347)
Balance as of March 31$72,654 $30,930 
Schedule of reclassification out of accumulated other comprehensive income
The effects on net income of amounts reclassified from accumulated other comprehensive income are as follows:
Three Months Ended March 31,
Statement of Operations20232024
(in thousands)
Gains included in interest expense$17,552 $21,509 
Income tax expense(4,300)(5,162)
Amounts reclassified from accumulated other comprehensive income$13,252 $16,347