v3.24.2.u1
DERIVATIVES AND HEDGING INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments, Designated as Cash Flow Hedges
The table below presents information about our interest rate swaps, designated as cash flow hedges, included in the consolidated balance sheets:
Fair Values
Derivative Financial InstrumentsBalance Sheet LocationWeighted-Average Fixed Rate of Interest at June 30, 2024Range of Maturity Dates at June 30, 2024June 30, 2024December 31, 2023
(in thousands)
Interest rate swaps (Notional of $1.5 billion at June 30, 2024 and December 31, 2023)
Other noncurrent assets4.26%April 17, 2027 - August 17, 2027$1,631 $— 
Interest rate swaps (Notional of $1.5 billion at June 30, 2024 and December 31, 2023)
Other noncurrent liabilities4.26%April 17, 2027 - August 17, 2027$— $28,187 
Schedule of Derivative Instrument Effects on Income
The table below presents the effects of our interest rate swaps on the consolidated statements of income and statements of comprehensive income for the three and six months ended June 30, 2024 and 2023:
Three Months EndedSix Months Ended
June 30, 2024June 30, 2023June 30, 2024June 30, 2023
(in thousands)
Net unrealized gains (losses) recognized in other comprehensive income (loss)$8,929 $40,078 $38,045 $(7,973)
Net unrealized gains (losses) reclassified out of other comprehensive income (loss) to interest expense$2,619 $901 $5,281 $(485)