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Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Notional Amounts of Outstanding Derivative Positions | A summary of the Company’s interest rate swap contracts with a collective notional amount of $2.3 billion outstanding as of September 30, 2021 is as follows:
|  | Contract End Date |  | Fixed Interest Rates 1 |  | Notional Amount at inception (in thousands) |  |
|  | December 2021 |  | 0.743% |  | $ | 485,000 |  |  |
|  | December 2022 |  | 2.204% |  | $ | 300,000 |  |  |
|  | March 2023 |  | 1.954% - 2.413% |  | $ | 450,000 |  |  |
|  | December 2023 |  | 1.862% |  | $ | 200,000 |  |  |
|  | May 2024 |  | 0.435% - 0.440% |  | $ | 300,000 |  |  |
|  | May 2025 |  | 0.678% |  | $ | 300,000 |  |  |
|  | May 2026 |  | 0.909% - 0.910% |  | $ | 300,000 |  |  |
1 Fixed interest rates payable by WEX. Counterparties pay floating rate equal to the one-month USD LIBOR.
Schedule of Location and Amounts of Derivative Gains and Losses in Condensed Consolidated Statements of Income | The following table presents information on the location and amounts of gains and losses from interest rate swap contract derivatives:
(In thousands) |  |  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized in the Statement of Operations |  | 2021 |  | 2020 |  | 2021 |  | 2020
Interest rate swap contracts – unrealized portion |  | Net unrealized gain (loss) on financial instruments |  | $ | 6,527 |  |  | $ | 3,774 |  |  | $ | 20,008 |  |  | $ | (32,722) |
Interest rate swap contracts – realized portion |  | Financing interest expense |  | $ | (7,037) |  |  | $ | (5,438) |  |  | $ | (18,575) |  |  | $ | (10,336) |

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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=125515794&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=125515794&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=125515794&loc=SL5624171-113959 + Details
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