Derivative and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2023
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Summary of Notional Amount and Fair Value of Instruments The following table summarizes the key terms and fair value of these instruments (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Asset (Liability)

 

Interest Rate Swap Notional Amount

 

Fixed Interest Rate

 

Effective Date

 

Maturity Date

 

March 31, 2023

 

 

$

300,000

 

 

 

2.501%

 

September 15, 2022

 

August 22, 2027

 

$

10,708

 

 

$

200,000

 

 

 

2.507%

 

September 15, 2022

 

August 22, 2027

 

 

7,075

 

 

$

300,000

 

 

 

2.636%

 

September 15, 2022

 

August 22, 2025

 

 

8,185

 

 

$

300,000

 

 

 

3.769%

 

June 15, 2023

 

June 15, 2025

 

 

172

 

 

$

200,000

 

 

 

3.590%

 

December 15, 2023

 

June 15, 2025

 

 

(299

)

 

 

 

 

 

 

 

 

 

 

 

$

25,841

 

Summary of Amounts Recorded in AOCIL

The following table provides information about the amounts recorded in AOCIL, as well as any amounts reclassified to operations (in thousands):

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Cash flow hedge derivatives

 

$

(7,304

)

 

$

 

Amount of gain reclassified from AOCIL to interest

 

 

(3,984

)

 

 

 

Amount of loss reclassified from AOCIL to interest

 

 

702

 

 

 

702

 

Total

 

$

(10,586

)

 

$

702