11. Interest Rate Swap

In May 2020, we entered into a pay-fixed, receive-floating interest rate swap (the “Swap”) to mitigate variability in forecasted interest payments on an amortizing notional of $550,000 of our variable-rate First Lien Term Loan. We designated the Swap as a cash flow hedge. In October 2022, the interest rate swap expired.

For the years ended December 31, 2023 and 2022, no amounts were reported, and for the year ended December 31, 2021, $449 was reported in other comprehensive income (loss) in the accompanying consolidated statements of operations and comprehensive income (loss) net of tax.