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Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table presents relevant information for the interest rate swap agreements outstanding during 2020:

			Tranche A			Tranche B			Tranche C1			Tranche D1			Tranche E			Tranche F2
Notional amount at inception (in thousands)			$150,000			$100,000			$200,000			$300,000			$200,000			$485,000
Maturity date			3/13/2023			3/12/2023			3/12/2023			12/30/2022			12/30/2023			12/31/2021
Fixed interest rate			1.954%			1.956%			2.413%			2.204%			1.862%			0.743%

1 Not amended or extended.

2 Result of the merging of tranches F and G, which were disclosed within the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

Location and Amounts of Derivative Gains and Losses

The following table presents information on the location and amounts of interest rate swap gains and losses:

(In thousands)												Year ended December 31,
Derivatives Not Designated as Hedging Instruments						Location of Gain (Loss) Recognized in Consolidated Statements of Income						2020						2019						2018
Interest rate swap agreements – unrealized portion						Net unrealized (loss) gain on financial instruments						$	(27,569)					$	(35,363)					$	3,772
Interest rate swap agreements – realized portion						Financing interest expense						$	15,842					$	(5,411)					$	(6,160)

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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.

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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