Derivative Financial Instruments and Hedging Activities - Schedule of Derivative Financial Instruments Designated as Hedging Instruments in AOCI (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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Derivatives used in Net Investment Hedge, Net of Tax [Roll Forward] | ||||
Beginning balance | $ 53,487 | $ 49,956 | $ 52,302 | $ 48,003 |
Ending balance | 55,513 | 51,469 | 55,513 | 51,469 |
Interest expense | 476 | 563 | 1,416 | 1,667 |
Interest rate swaps | Cash flow hedges | Derivatives designated as hedges: | ||||
Derivatives used in Net Investment Hedge, Net of Tax [Roll Forward] | ||||
Reclassified within twelve months | 400 | |||
Gain/(loss) on cash flow hedges | ||||
Derivatives used in Net Investment Hedge, Net of Tax [Roll Forward] | ||||
Beginning balance | 1,295 | 1,442 | 1,088 | 1,489 |
Unrealized (loss) gain recognized in AOCI | (427) | 434 | 208 | 754 |
Amounts reclassified to interest expense | (181) | (180) | (543) | (554) |
Tax benefit (provision) | 149 | (62) | 83 | (55) |
Ending balance | $ 836 | $ 1,634 | $ 836 | $ 1,634 |
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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before tax and reclassification adjustments of other comprehensive income (loss) attributable to parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tax expense (benefit) allocated to other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of reclassification adjustments of other comprehensive income (loss) attributable to parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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