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Derivative Instruments
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments DERIVATIVE INSTRUMENTS
The Company maintains derivative instruments for protection from fluctuating interest rates. The table below provides information about the Company’s interest rate swaps (in thousands):
  December 31, 2022December 31, 2021
Expiration DateStated
Interest
Rate		Notional
Amount		Market
Value
(Liability)		Notional
Amount		Market
Value
(Liability)
March 31, 20221.900 %— — 50,000 (221)
March 31, 20221.950 %— — 75,000 (341)
March 31, 20232.425 %125,625 677 133,125 (3,041)
The outstanding interest rate swaps are not designated as hedges for accounting purposes. The effects of future fluctuations in LIBOR interest rates on derivatives held by the Company will result in the recording of unrealized gains and losses into the statement of operations. The Company recorded a net gain on derivatives of $4.3 million and $9.8 million and a net loss of $5.3 million for the years ending December 31, 2022, 2021 and 2020, respectively. The liability for outstanding derivatives is recorded in other liabilities and in accrued expenses.