v3.24.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swaps The following table summarizes the fair value of the interest rate swaps as of June 30, 2024 and December 31, 2023.
Balance Sheet Line Item (in thousands)Cuurent Notional Amount June 30, 2024Fair Value June 30, 2024Current Notional Amount December 31, 2023Fair Value December 31, 2023
Interest rate swaps-gross asset$1,025,000 $54,510 $1,025,000 $50,418 
Schedule of the location in the financial statements of the gain or loss recognized on interest rate swaps
The following table summarizes the effect of cash flow hedge accounting and the location of amounts related to Company’s derivatives in the consolidated financial statements for the three and six months ended June 30, 2024 and 2023.

 Three months ended June 30,Six months ended June 30,
Effect of Cash Flow Hedge Accounting (in thousands)2024202320242023
Income recognized in accumulated other comprehensive income on interest rate swaps$6,351 $24,168 $22,756 $15,626 
Income reclassified from accumulated other comprehensive income into income as interest expense$9,318 $8,347 $18,647 $15,817 
Total interest expense presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded$27,372 $22,860 $52,793 $45,472 
Schedule of financial instruments accounted for at fair value on a recurring basis
The following table summarizes the Company’s financial instruments that were recorded at fair value on a recurring basis as of June 30, 2024 and December 31, 2023. 

  Fair Value Measurements as of June 30, 2024 Using
Balance Sheet Line Item (in thousands)Fair Value June 30, 2024Level 1Level 2Level 3
Interest rate swaps-gross asset$54,510 $— $54,510 $— 
  Fair Value Measurements as of December 31, 2023 Using
Balance Sheet Line Item (in thousands)Fair Value December 31, 2023Level 1Level 2Level 3
Interest rate swaps-gross asset$50,418 $— $50,418 $—