v3.26.1
Derivatives (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Location and 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 LocationJune 30, 2026December 31, 2025
Cash Flow Hedges:
Interest rate swapsOther current assets$4,874 $24 
Interest rate swapsAccrued expenses$— $(1,862)
Interest rate swapsOther non-current liabilities$— $(2,726)
Schedule of Impact of Interest Rate Swap 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 condensed consolidated statements of operations for the six months ended June 30, 2026 and 2025:
Six Months Ended June 30,
(in thousands)20262025
Gain (loss) recognized in OCI$10,217 $(11,170)
Location of gain recognized in incomeInterest expense, netInterest expense, net
Gain reclassified from AOCI into income$763 $4,884