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Derivative instruments (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Summary of Notional Amount at Inception and Fairvalue of Instruments Included In Consolidated Balance sheet  

The following table summarizes the notional amount at inception and fair value of these instruments on our consolidated balance sheets as of March 31, 2024 and December 31, 2023 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Liability

 

Product

 

Fixed Rate

 

 

Notional

 

 

Index

 

Effective Date

 

Maturity Date

 

March 31,
2024

 

 

December 31,
2023

 

Swap

 

 

4.80

%

 

$

75,000

 

 

Daily Simple SOFR + 10 bps

 

10/17/2023

 

10/17/2026

 

$

(907

)

 

$

(2,083

)

Swap

 

 

4.66

 

 

 

75,000

 

 

Daily Simple SOFR + 10 bps

 

4/10/2024

 

10/17/2026

 

 

(666

)

 

 

(1,937

)

Summary Amounts Recorded to Accumulated Other Comprehensive Income (Loss) Related to Derivative and Hedging Activities

The following table presents amounts recorded to accumulated other comprehensive income (loss) related to derivative and hedging activities for the periods presented (in thousands):

 

For the Three Months
Ended March 31,

 

 

2024

 

2023

 

Accumulated other comprehensive income

$

2,448

 

 

$