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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Schedule of derivative instruments | The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets:
|  |  |  |  |  |  |  |  |  |  |  |  |  | Fair Value |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  | Assets (Liabilities) (1) |
Effective Date |  | Maturity Date |  | Notional Amount |  |  | Receive Variable Rate of |  | Pay Fixed Rate of |  |  | June 30, 2021 |  |  | December 31, 2020 |
8/1/16 |  | 1/5/22 (2) |  | $ | 265,000 |  |  | 1 Month LIBOR with Floor |  | 1.053% |  |  | $ | — |  |  |  | (2,472 | )
4/7/16 |  | 4/1/23 |  |  | 19,219 |  |  | 1 Month LIBOR |  | 1.303% |  |  |  | (360 | ) |  |  | (494 | )
12/1/16 |  | 11/1/23 |  |  | 32,069 |  |  | 1 Month LIBOR |  | 1.490% |  |  |  | (851 | ) |  |  | (1,181 | )
9/17/19 |  | 3/17/25 |  |  | 24,000 |  |  | 1 Month LIBOR |  | 1.542% |  |  |  | (812 | ) |  |  | (1,288 | )
6/2/17 |  | 6/2/27 |  |  | 36,306 |  |  | 1 Month LIBOR with Floor |  | 2.366% |  |  |  | (2,706 | ) |  |  | (3,856 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (4,729 | ) |  |  | (9,291 | )
(1) | Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities.
(2) | In January 2021, the Company cash settled before maturity the $265 million notional interest rate swaps in connection with its repayment of the Term Loan.
Derivative Instruments, Gain (Loss) | The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements:
Location and Amount of Gain (Loss) Recognized in OCI on Derivative |  |  | Location and Amount of Gain (Loss) Reclassified from AOCI into Income |  |  | Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |
|  | Three months ended June 30, |  |  |  |  | Three months ended June 30, |  |  |  |  | Three months ended June 30, |
(in thousands) |  | 2021 |  |  | 2020 |  |  |  |  | 2021 |  |  | 2020 |  |  |  |  | 2021 |  |  | 2020 |
Interest rate swaps |  | $ | (2,302 | ) |  |  | (2,442 | ) |  | Interest expense |  | $ | 1,034 |  |  |  | 2,484 |  |  | Interest expense, net |  | $ | 35,812 |  |  |  | 40,375 |
|  | Six months ended June 30, |  |  |  |  | Six months ended June 30, |  |  |  |  | Six months ended June 30, |
(in thousands) |  | 2021 |  |  | 2020 |  |  |  |  | 2021 |  |  | 2020 |  |  |  |  | 2021 |  |  | 2020 |
Interest rate swaps |  | $ | 3,508 |  |  |  | (18,521 | ) |  | Interest expense |  | $ | 2,069 |  |  |  | 3,909 |  |  | Interest expense, net |  | $ | 72,748 |  |  |  | 77,811 |

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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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