Annual report pursuant to Section 13 and 15(d)

Derivative Instruments and Hedging Activities (Tables)

v3.24.0.1
Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Our derivative instruments designated as cash flow hedges as of December 31, 2023 were (in thousands):
Notional Amount Paid Fixed Rate Receive Variable Rate Settlement and Termination
Interest rate swap (a)
$150,000 2.8% 1-month term SOFR Monthly through October 31, 2027
Interest rate swap (b)
$100,000 4.5% 1-month term SOFR Monthly through July 31, 2026
(a) In July 2022, we executed forward-starting fixed interest rate swap, the tenor of which began on October 31, 2022.
(b) In July 2023, we executed a fixed interest rate swap that hedges the variability in interest payments on floating rate debt.