Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of interest rate swap agreements designated as a hedging instruments

As of September 30, 2024 and December 31, 2023, we have the following interest rate swap agreements designated as a hedging instruments:


Effective Dates	Floating Rate Debt		Fixed Rates
October 29, 2021 through October 31, 2024	$	604.1 million	0.67	%
January 31, 2023 through January 31, 2026	$	506.7 million	3.87	%

Schedule of effect of derivative instruments designated as hedging instruments on the accompanying consolidated financial statements

The effect of derivative instruments designated as hedging instruments on the accompanying consolidated financial statements is as follows (in thousands):


						Total interest
	Amount of Gain or		Location of Gain or	Amount of Gain or		Expense on
	(Loss) Recognized		(Loss) Reclassified	(Loss) Reclassified		Consolidated
	in AOCI/AOCL on		from AOCI/AOCL	from AOCI/AOCL		Statements of
Derivatives - Cash Flow Hedging Relationships	Derivative		into Income	into Income		Operations
Interest rate swaps:
Three months Ended September 30, 2024	$	(10,934)	Interest expense	$	8,788	$	(18,459)
Three months Ended September 30, 2023	$	(1,936)	Interest expense	$	8,563	$	(52,410)
Nine months Ended September 30, 2024	$	(15,610)	Interest expense	$	26,085	$	(126,184)
Nine months Ended September 30, 2023	$	(1,186)	Interest expense	$	22,659	$	(153,057)

- 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.

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