Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Reclassification out of Accumulated Other Comprehensive Income

The table below presents the effect of the Company's derivative financial instruments on the condensed consolidated statements of operations for the three months ended March 31, 2024 and 2023 ($ in thousands):

	Three Months Ended March 31,
Cash Flow Hedges:	2024		2023
Amount of income (loss) recognized in accumulated other comprehensive income on interest rate derivatives	$	2,705	$	(1,041)
Amount of income reclassified from accumulated other comprehensive income into income as a reduction of interest expense	$	(1,710)	$	(189)
Total amount of interest expense presented in the condensed consolidated statements of operations	$	28,908	$	25,030

Over the next twelve months, the Company estimates that $3.2 million will be reclassified out of accumulated other comprehensive income as a reduction of interest expense.