Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Key Terms and Fair Values of Our Interest Rate Swap Derivatives

The following table sets forth the key terms and fair values of our interest rate swap derivatives, each of which was designated as a cash flow hedge as of March 31, 2026. We entered into these interest rate swap derivatives to reduce our exposure to the variability in future cash flows attributable to changes in our floating rate debt (amounts in thousands):


Notional Amount				Fixed Rate				Floating Rate Index		Effective Date		Expiration Date		Fair Value
$	40,000				3.85	%		USD-SOFR with -5 Day Lookback		December 23, 2024		December 23, 2027		$	(180	)
$	30,000				3.86	%		USD-SOFR with -5 Day Lookback		December 23, 2024		December 23, 2027		$	(139	)
$	30,000				3.86	%		USD-SOFR with -5 Day Lookback		December 23, 2024		December 23, 2027		$	(141	)
$	100,000				3.72	%		USD-SOFR with -5 Day Lookback		March 24, 2025		April 1, 2028		$	(299	)
$	50,000				3.66	%		USD-SOFR with -5 Day Lookback		June 30, 2025		July 1, 2028		$	(124	)
$	50,000				3.67	%		USD-SOFR with -5 Day Lookback		June 30, 2025		July 1, 2028		$	(127	)

Schedule of Fair Value of Our Interest Rate Derivatives as Well as Their Classification on Our Consolidated Balance Sheets

The table below sets forth the fair value of our interest rate derivatives as well as their classification on our Consolidated Balance Sheets (amounts in thousands):


Balance Sheet Line Item		As of March 31, 2026
Interest rate swaps - Asset		$	—
Interest rate swaps - Liability			(1,010	)

Schedule of Effects of Our Interest Rate Derivatives on Our Consolidated Statements of Operations and Comprehensive Income (Loss)

The table below presents the effects of our interest rate derivatives on our Consolidated Statements of Operations and Comprehensive Income (Loss) (amounts in thousands):


		For the three months ended March 31,
		2026				2025
Unrealized gain (loss) recognized in AOCI		$	1,963			$	(3,447	)
Gain (loss) reclassified from AOCI into interest expense			(131	)			385