Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Investments, All Other Investments [Abstract]

Summary of Investments

The following table summarizes activities related to these investments for the nine months ended September 30, 2023 and the twelve months ended December 31, 2022 (in thousands):

	Nine Months Ended September 30, 2023		Twelve Months Ended December 31, 2022
Fair value at beginning of period	$	43,485	$	38,670
Purchases	2,472		19,771
Redemptions	(3,310)		(5,630)
Maturities	(3,505)		(6,770)
Change in bond premium	(527)		(645)
Fair market value adjustment	713		(1,911)
Fair value at end of period	$	39,328	$	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 September 30, 2023 and December 31, 2022 (amounts in thousands):

	September 30, 2023
	Notional Amount		Fixed Rate		Expiration	Fair Value		Balance Sheet Location
Interest rate swap	$	50,000	0.834	%	4/14/2025	$	3,139	Other non-current asset
Interest rate swap	$	30,000	1.186	%	12/14/2026	$	2,973	Other non-current asset
Interest rate swap	$	20,000	2.450	%	8/14/2027	$	1,390	Other non-current asset
Interest rate swap	$	25,000	3.669	%	4/14/2028	$	681	Other non-current asset

	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 and nine months ended

September 30, 2023 and 2022 (in thousands):

	Gain Recognized in AOCI, net of tax				Gain (Loss) Reclassified from AOCI into Expense
	Three Months Ended September 30,				Three Months Ended September 30,
	2023		2022		2023		2022
Interest rate swaps	$	1,163	$	2,815	$	1,122	$	220

	Nine Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Interest rate swaps	$	2,635	$	6,009	$	3,092	$	(278)