Quarterly report [Sections 13 or 15(d)]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

v3.26.3
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value of Derivative Instruments
The following table presents information about the fair value amounts of our cash flow derivative instruments:  
Derivatives as of
September 30, 2026 December 31, 2025
Balance Sheet Location Fair Value Fair Value
Derivatives Designated as Hedging Instruments:
Interest rate swap contracts
Other assets
$
1,735 
$
721 
Derivatives Not Designated as Hedging Instruments:
Interest rate swap contracts
Other assets
$
1,475 
$
— 
Interest rate swap contracts
Other liabilities
$
— 
$
197 
Make-whole provisions
Other liabilities
$
21,027 
$
19,075 
Summary of Derivative Effect on Consolidated Statements of Income (loss)
The following table presents information about the effects of our derivative instruments on our condensed consolidated statements of operations and condensed consolidated statements of comprehensive income:
Amount of (Gain) Loss Recognized in Net Income
Location of (Gain) Loss Recognized in Net Income Three Months Ended September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Derivatives Designated as Hedging Instruments:
Interest rate swap contracts
Other expenses, net
$
(40)
$
(91)
$
(131)
$
(295)
Derivatives Not Designated as Hedging Instruments:
Interest rate swap contracts
Other expenses, net
$
(1,210)
$
54 
$
(1,671)
$
1,065 
Make-whole provisions
Other expenses, net
$
602 
$
759 
$
1,275 
$
(3,219)
Summary of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in Accumulated Other Comprehensive Loss (“AOCL”), net of taxes, from our hedging instruments:
Nine Months Ended September 30, 2026
Derivatives Designated as Hedging Instruments:
Accumulated gain in AOCL at the beginning of the period
$
671 
Unrealized gain recognized in AOCL
879 
Gain reclassified from AOCL to other expenses, net
(131)
Gain on derivatives
748 
Accumulated gain in AOCL at the end of the period
$
1,419 
Summary of Active Derivative Instruments
The following tables present all of our active derivative instruments as of September 30, 2026:
Active Interest Rate Swaps Expiration Date Initial Notional
Amount ($)		 Status
11-Year, 5.77% Fixed
October 2029
$
9,200 
Designated
15-Year, 5.24% Fixed
June 2033
$
10,000 
Designated
10-Year, 4.74% Fixed
December 2027
$
14,100 
Designated
17.75-Year, 3.16% Fixed
December 2040
$
14,084 
Designated
18-Year, 3.81% Fixed
July 2041
$
32,021 
Not Designated
Other Derivatives Classification Effective Date Expiration Date Fair Value ($)
Make-whole provisions
Liability
June 2018
December 2038
$
167 
Make-whole provisions
Liability
July 2016
July 2031
$
13 
Make-whole provisions
Liability
June 2017
February 2034
$
17 
Make-whole provisions
Liability
November 2020
December 2027
$
3 
Make-whole provisions
Liability
October 2011
May 2028
$
— 
Make-whole provisions
Liability
May 2021
April 2045
$
9 
Make-whole provisions
Liability
March 2023
December 2047
$
1,333 
Make-whole provisions
Liability
June 2022
March 2042
$
612 
Make-whole provisions
Liability
July 2021
March 2046
$
1,613 
Make-whole provisions
Liability
April 2024
June 2042
$
6,964 
Make-whole provisions
Liability
April 2024
June 2042
$
923 
Make-whole provisions
Liability
April 2025
September 2045
$
1,940 
Make-whole provisions
Liability
May 2025
December 2037
$
212 
Make-whole provisions
Liability
December 2025
September 2045
$
1,337 
Make-whole provisions
Liability
December 2025
December 2046
$
1,234 
Make-whole provisions
Liability
August 2026
December 2046
$
1,356 
Make-whole provisions
Liability
October 2025
December 2043
$
2,567 
Make-whole provisions
Liability
October 2025
September 2040
$
728