DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2026

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair value of the company's derivative financial instruments as well as classification on the consolidated balance sheets


				Asset Derivatives
				Fair value as of:
Derivatives designated as		Balance Sheet		June 30,			December 31,
hedging instruments		Location		2026			2025
Foreign currency contracts		Prepaid expenses and other assets		$	47		$	7
Interest rate swaps		Prepaid expenses and other assets		$	402		$	619
Interest rate swaps		Other long-term assets		$	386		$	—
				$	835		$	626

				Liability Derivatives
				Fair value as of:
Derivatives designated as		Balance Sheet		June 30,			December 31,
hedging instruments		Location		2026			2025
Foreign currency contracts		Accrued liabilities		$	2		$	98
Interest rate products		Accrued liabilities			—			39
				$	2		$	137

Schedule of effect of cash flow hedge accounting on other comprehensive (loss) income (OCI)

Amount of pre-tax (loss) gain recognized

Amount of pre-tax gain (loss) recognized

in OCI on derivatives

in OCI on derivatives

Derivatives in cash flow hedging relationships

Three months ended June 30,

Six months ended June 30,

 

2026

 

2025

 

2026

 

2025

 

Interest rate swaps

$

256

$

(161)

$

678

$

(641)

Amount of pre-tax gain reclassified

Amount of pre-tax gain reclassified

from accumulated OCI into income

from accumulated OCI into income

Location of gain reclassified

Three months ended June 30,

Six months ended June 30,

from accumulated OCI into income

2026

2025

 

2026

 

2025

Interest expense

$

224

$

379

$

455

$

755

Schedule of effect of the Company's derivative financial instruments on the consolidated statements of income and comprehensive income

Total amounts of income and expense

Total amounts of income and expense

line items presented that reflect the

line items presented that reflect the

effects of cash flow hedges recorded

effects of cash flow hedges recorded

Three months ended June 30,

Six months ended June 30,

Derivatives designated as hedging instruments

Income Statement Location

2026

2025

2026

2025

Interest rate swaps

Interest Expense

$

2,523

$

3,552

$

5,076

$

7,187

Schedule of fair value provides the location that derivative assets and liabilities

Derivative assets:

Net amounts

Gross amounts

of assets

Gross amounts not offset in the consolidated

As of

Gross amounts

offset in the

presented in the

balance sheets

June 30,

of recognized

consolidated

consolidated

Financial

Cash collateral

2026

assets

balance sheets

balance sheets

instruments

received

Net amount

Derivatives

$

835

$

—

$

835

$

—

$

—

$

835

Net amounts

Gross amounts

of assets

Gross amounts not offset in the consolidated

As of

Gross amounts

offset in the

presented in the

balance sheets

December 31,

of recognized

consolidated

consolidated

Financial

Cash collateral

2025

assets

balance sheets

balance sheets

instruments

received

Net amount

Derivatives

$

626

$

—

$

626

$

—

$

—

$

626

Derivative liabilities:

Net amounts

Gross amounts

of liabilities

Gross amounts not offset in the consolidated

As of

Gross amounts

offset in the

presented in the

balance sheets

June 30,

of recognized

consolidated

consolidated

Financial

Cash collateral

2026

liabilities

balance sheets

balance sheets

instruments

received

Net amount

Derivatives

$

2

$

—

$

2

$

—

$

—

$

2

Net amounts

Gross amounts

of liabilities

Gross amounts not offset in the consolidated

As of

Gross amounts

offset in the

presented in the

balance sheets

December 31,

of recognized

consolidated

consolidated

Financial

Cash collateral

2025

liabilities

balance sheets

balance sheets

instruments

received

Net amount

Derivatives

$

137

$

—

$

137

$

—

$

—

$

137