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Capital Structure (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of accumulated other comprehensive income (loss)
The following table presents the changes in Other Comprehensive Income (Loss) for the years ended December 31, 2020, 2019 and 2018:
Year Ended December 31, 2020
(in thousands)AOCI Beginning BalanceAmounts recorded
in AOCI
Amounts reclassified from AOCI to incomeAOCI Ending Balance
Net change in unrealized cash flow hedges gains (losses) (1)$— $(42,636)$9,192 $(33,444)
Foreign exchange translation adjustment(647)8,604 — 7,957 
Total$(647)$(34,032)$9,192 $(25,487)
(1) Amounts reclassified from AOCI to income are included within Financing interest expense on long-term borrowings on the Consolidated Statements of Comprehensive Income. As of December 31, 2020, the Company expects approximately $13.4 million to be reclassified from AOCI into earnings over the next 12 months. The timing of the reclassification is based on the interest payment schedule of the long-term borrowings.
Year Ended December 31, 2019
(in thousands)AOCI Beginning BalanceAmounts recorded
in AOCI
Amounts reclassified from AOCI to incomeAOCI Ending Balance
Foreign exchange translation adjustment$(82)$(565)$— $(647)
Total$(82)$(565)$— $(647)
Year Ended December 31, 2018
(in thousands)AOCI Beginning BalanceAmounts recorded
in AOCI
Amounts reclassified from AOCI to incomeAOCI Ending Balance
Foreign exchange translation adjustment$2,991 $(3,073)$— $(82)
Total$2,991 $(3,073)$— $(82)