Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Investments, All Other Investments [Abstract]

The following table summarizes activities related to these investments for the three months ended March 31, 2023 and the twelve months ended December 31, 2022 (in thousands):


	Three Months Ended March 31, 2023		Twelve Months Ended December 31, 2022
Fair value at beginning of period	$	43,485	$	38,670
Purchases	—		19,771
Redemptions	—		(5,630)
Maturities	(500)		(6,770)
Change in bond premium	(91)		(645)
Fair market value adjustment	250		(1,911)
Fair value at end of period	$	43,144	$	43,485

Summary of Outstanding Interest Rate Swaps

The following table summarizes our outstanding interest rate swaps and their classification in the accompanying unaudited Condensed Consolidated Balance Sheets at March 31, 2023 and December 31, 2022 (amounts in thousands):


	March 31, 2023
	Notional Amount		Fixed Rate		Expiration	Fair Value		Balance Sheet Location
Interest rate swap	$	15,000	2.571	%	6/1/2023	$	58	Other current asset
Interest rate swap	$	50,000	0.834	%	4/14/2025	$	3,127	Other non-current asset
Interest rate swap	$	30,000	1.186	%	12/14/2026	$	2,399	Other non-current asset
Interest rate swap	$	20,000	2.450	%	8/14/2027	$	768	Other non-current asset
Interest rate swap	$	25,000	3.669	%	4/14/2028	$	(394)	Other non-current liability


	December 31, 2022
	Notional Amount		Fixed Rate		Expiration	Fair Value		Balance Sheet Location
Interest rate swap	$	15,000	2.571	%	6/1/2023	$	133	Other current asset
Interest rate swap	$	50,000	0.834	%	4/14/2025	$	3,726	Other non-current asset
Interest rate swap	$	30,000	1.186	%	12/14/2026	$	2,871	Other non-current asset
Interest rate swap	$	20,000	2.450	%	8/14/2027	$	1,079	Other non-current asset

Summary of Effects of Interest Rate Swap

The following table summarizes the effects of the interest rate swaps on the accompanying unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2023 and 2022 (in thousands):

(Loss) Gain Recognized
in AOCI, net of tax

Gain (Loss) Reclassified
from AOCI into Expense



	Three Months Ended March 31,				Three Months Ended March 31,
	2023		2022		2023		2022
Interest rate swaps	$	(715)	$	2,607	$	897	$	(343)