Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

Our derivative instruments designated as cash flow hedges as of September 30, 2023 were (in thousands):

	Notional Amount	Paid Fixed Rate	Receive Variable Rate	Settlement and Termination
Interest rate swaps	$150,000	2.8%	1-month term SOFR	Monthly through October 31, 2027
Interest rate swaps (a)	$100,000	4.5%	1-month term SOFR	Monthly through July 31, 2026

(a) In July 2023, we executed a fixed interest rate swap that hedges the variability in interest payments on $100 million of floating rate debt. We have designated, and will account for, this fixed interest rate swap as a cash flow hedge.