DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Amount and Location of Derivatives in the Balance Sheet

The following table summarizes the amount and location of the Company’s derivative instruments in the condensed consolidated balance sheets (in thousands):

	Fair Value - Derivatives in Asset Position
Derivative	Balance Sheet Caption	September 30, 2023		December 31, 2022
Interest rate cap designated as cash flow hedge	Prepaid expenses and other current assets	$	5,927	$	10,926
Interest rate cap designated as cash flow hedge	Other noncurrent assets	22,185		17,342
Total derivative assets		$	28,112	$	28,268

Schedule of Pre-tax Gains (Losses) Recognized in the Statements of Comprehensive Income (Loss)

The following table presents the pre-tax gain (loss) from derivative instruments recognized in other comprehensive income (loss) in the Company’s unaudited condensed consolidated statements of comprehensive income (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Derivative	2023		2022		2023		2022
Interest rate cap designated as cash flow hedge	$	45	$	10,653	$	(156)	$	30,879

The following table presents the amount and location of pre-tax income (loss) recognized in the Company’s unaudited condensed consolidated statements of comprehensive income related to the Company’s derivative instruments (in thousands):

		Three Months Ended September 30,				Nine Months Ended September 30,
Derivative	Income Statement Caption	2023		2022		2023		2022
Interest rate cap designated as cash flow hedge	Interest expense, net	$	2,931	$	(1,775)	$	8,002	$	(591)