v3.25.4
Interest Rate Derivatives (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Key Terms and Fair Values of Interest Rate Swap Derivatives
The following table sets forth the key terms and fair values of our interest rate swap derivatives (dollars in thousands):
Notional AmountEffective DateExpiration DateFair Value at December 31,
 Fixed RateFloating Rate Index20252024
$150,000 3.742%One-Month SOFR2/1/20232/2/2026$(5)$550 
$50,000 3.747%One-Month SOFR2/1/20232/2/2026(2)181 
$10,160 (1)1.678%
SOFR + 0.10%
8/1/20198/1/2026114 387 
$22,100 0.573%
SOFR + 0.10%
4/1/20203/26/2025— 197 
      $107 $1,315 
(1)The notional amount of this instrument is scheduled to amortize to $10.0 million.
Schedule of Fair Value and Balance Sheet Classification of Interest Rate Derivatives
The table below sets forth the fair value of our interest rate derivatives as well as their classification on our consolidated balance sheets (in thousands):
Fair Value at December 31,
DerivativesBalance Sheet Location20252024
Interest rate swaps designated as cash flow hedgesPrepaid expenses and other assets, net$114 $1,315 
Interest rate swaps designated as cash flow hedgesOther liabilities$(7)$— 
Schedule of Effect of Interest Rate Derivatives on Consolidated Statements of Operations and Comprehensive Income
The table below presents the effect of our interest rate derivatives on our consolidated statements of operations and comprehensive income (in thousands):
Amount of Income Recognized in AOCI on DerivativesAmount of Income Reclassified from AOCI into Interest Expense on Statement of Operations
For the Years Ended December 31,For the Years Ended December 31,
Derivatives in Hedging Relationships202520242023202520242023
Interest rate derivatives$283 $3,087 $3,827 $1,491 $4,330 $3,900