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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The Company’s interest rate swaps as of December 31, 2021 and 2020 consisted of the following (in thousands):
ExecutionMaturityDesignationNotional Amount
January 2019April 2022Not designated$125,000 
February 2019April 2022Not designated300,000 
October 2019September 2026Not designated2,800,000 
Total notional amount$3,225,000 
Schedule of Unrealized Gain (Loss) on Interest Rate Swaps
The unrealized impact of interest rate swaps recognized in interest expense, net, in the Consolidated Statements of Operations was as follows:
Years Ended December 31,
(in thousands)202120202019
Unrealized gain (loss) on interest rate swaps$157,505 $(60,363)$(8,501)
Schedule of Derivative Liabilities at Fair Value
The classification and fair value of interest rate swaps recognized in the Consolidated Balance Sheets were as follows:
December 31,
(in thousands)20212020
Accrued expenses and other current liabilities$50,360 $65,462 
Other liabilities67,976 210,378 
Fair value of interest rate swaps$118,336 $275,840