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Derivatives and Hedging (Tables) | 12 Months Ended
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Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions |
Derivative Contract Type |  | Number of Contracts |  | Notional Amounts |  | Fair Value Asset (Liability), Net (3) |  | Balance Sheet Line Item |  | Unrealized Loss Recorded in AOCI/L
Interest rate swaps (1) |  | 4 |  |  | $ | 1,400,000 |  |  | $ | (74,289) |  |  | Other liabilities |  | $ | (78,104) |
|  |  |  |  |  | (34,886) |  |  | Accrued liabilities |  |
Foreign currency forwards (2) |  | 163 |  |  | 430,063 |  |  | (1,514) |  |  | Accrued liabilities |  | — |
Total |  | 167 |  |  | $ | 1,830,063 |  |  | $ | (110,689) |  |  |  |  | $ | (78,104) |
December 31, 2019
Derivative Contract Type |  | Number of Contracts |  | Notional Amounts |  | Fair Value Asset (Liability), Net (3) |  | Balance Sheet Line Item |  | Unrealized Loss Recorded in AOCI/L
Interest rate swaps (1) |  | 4 |  |  | $ | 1,400,000 |  |  | $ | (64,831) |  |  | Other liabilities |  | $ | (47,164) |
Foreign currency forwards (2) |  | 176 |  |  | 604,858 |  |  | 59 |  |  | Other current assets |  | — |
Total |  | 180 |  |  | $ | 2,004,858 |  |  | $ | (64,772) |  |  |  |  | $ | (47,164) |
(1)Prior to June 30, 2020, the interest rate swaps were designated and accounted for as cash flow hedges of the forecasted interest payments on borrowings. As a result, changes in the fair values of the swaps were deferred and recorded in AOCI/L, net of tax effect. Upon the prepayment of $787.9 million under the Company’s Term Loan A facility and repayment of all amounts outstanding under the 2016 Credit Agreement revolving credit facility, the Company determined that it was probable that forecasted interest payments on $200.0 million of variable rate debt would not occur. Additionally, as the variable rate debt under the Term Loan A facility was replaced by $800.0 million of fixed rate debt under the 2028 Notes, the Company de-designated all of its interest rate swaps. Note 6 — Debt provides additional information regarding the Company’s interest rate swap contracts. (2)The Company has foreign exchange transaction risk because it typically enters into transactions in the normal course of business that are denominated in foreign currencies that differ from the local functional currency. The Company enters into short-term foreign currency forward exchange contracts to mitigate the cash flow risk associated with changes in foreign currency rates on forecasted foreign currency transactions. These contracts are accounted for at fair value with realized and unrealized gains and losses recognized in Other (expense) income, net because the Company does not designate these contracts as hedges for accounting purposes. All of the outstanding foreign currency forward exchange contracts at December 31, 2020 matured before January 31, 2021. (3)See Note 14 — Fair Value Disclosures for the determination of the fair values of these instruments.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The table below provides information regarding amounts recognized in the Consolidated Statements of Operations for derivative contracts for the years ended December 31 (in thousands).
Amount Recorded In |  | 2020 |  | 2019 |  | 2018
Interest expense (income), net (1) |  | $ | 24,880 |  |  | $ | (3,361) |  |  | $ | (1,920) |
Other expense, net (2) |  | 22,300 |  |  | 2,488 |  |  | 10,365 |
Total expense (income), net |  | $ | 47,180 |  |  | $ | (873) |  |  | $ | 8,445 |
(1)Consists of interest (income) expense from interest rate swap contracts. (2)Consists of net realized and unrealized gains and losses on foreign currency forward contracts, gains and losses on de-designated interest rate swaps and $10.3 million of expense during the year ended December 31, 2020 on interest rate swap contracts due to forecasted interest payments no longer being probable as a result of the repayment of all amounts outstanding under the 2016 Credit Agreement revolving credit facility and the prepayment of $787.9 million under the Term Loan A facility and on June 30, 2020. Other expense, net also included a $2.2 million gain on de-designated interest rate swaps during the year ended December 31, 2020, related to fair value adjustments subsequent to de-designation. .

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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