v3.25.0.1
Derivatives (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments Designated as Hedges in the Consolidated Balance Sheet
The location and the fair value of derivative instruments designated as hedges were as follows:
(in thousands)Balance Sheet Location20242023
Cash Flow Hedges:
Interest rate swapPrepaid expenses and other current assets$6,990 $9,145 
Interest rate swapOther non-current assets$6,666 $— 
Interest rate swapOther non-current liabilities$— $(4,595)
Schedule of Impact of Interest Rate Swap and Foreign currency contract on Other Comprehensive Income, AOCI, and Statement of Operations
The following table discloses the impact of the interest rate swaps, excluding the impact of income taxes, on other comprehensive income (“OCI”), AOCI and the Company’s statement of operations for the years ended December 31:
(in thousands)202420232022
Gain recognized in OCI$29,256 $15,901 $4,669 
Location of gain (loss) recognized in incomeInterest expense, netInterest expense, netInterest expense, net
(Gain) loss reclassified from AOCI into income$(20,175)$(11,550)$4,530 
The following table discloses the impact of the foreign currency contract, excluding the impact of income taxes, on the Company’s statement of operations for the years ended December 31:
(in thousands)20232022
Loss recognized in income$7,715 $930 
Location of loss recognized in incomeCurrency losses, netCurrency losses, net