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Derivative Instruments
 12 Months Ended
Dec. 31, 2023
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, 2023December 31, 2022
Expiration DateStated
Interest
Rate		Notional
Amount		Market
Value
(Liability)		Notional
Amount		Market
Value
(Liability)
March 31, 20232.425 %— — 125,625 677 
March 31, 20263.793 %50,000 237 — — 
March 31, 20263.836 %50,000 189 — — 
June 30, 20264.257 %50,000 (525)— — 
June 30, 20264.185 %50,000 (430)— — 
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 loss on derivatives of $1.2 million and net gains of $4.3 million and $9.8 million for the years ending December 31, 2023, 2022 and 2021, respectively. The liability for outstanding derivatives is recorded in other liabilities and in accrued expenses.