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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 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 $1.9 billion outstanding as of December 31, 2021 is as follows:
Contract Inception Date |  | Contract End Date |  | Fixed Interest Rates 1 |  | Notional Amount at inception (in thousands) |
December 2017 |  | December 2022 |  | 2.204% |  | $ | 300,000 |  |
March 2020 |  | March 2023 |  | 1.954% |  | 150,000 |  |
March 2019 |  | March 2023 |  | 1.956% |  | 100,000 |  |
March 2019 |  | March 2023 |  | 2.413% |  | 200,000 |  |
March 2020 |  | December 2023 |  | 1.862% |  | 200,000 |  |
May 2021 |  | May 2024 |  | 0.435% |  | 150,000 |  |
May 2021 |  | May 2024 |  | 0.440% |  | 150,000 |  |
May 2021 |  | May 2025 |  | 0.678% |  | 300,000 |  |
May 2021 |  | May 2026 |  | 0.909% |  | 150,000 |  |
May 2021 |  | May 2026 |  | 0.910% |  | 150,000 |  |
1 Fixed interest rates payable by WEX. Counterparties pay floating rate equal to the one-month USD LIBOR.
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 Operations |  | 2021 |  | 2020 |  | 2019
Interest rate swap contracts – unrealized portion |  | Net unrealized gain (loss) on financial instruments |  | $ | 39,986 |  |  | $ | (27,569) |  |  | $ | (35,363) |
Interest rate swap contracts – realized portion |  | Financing interest expense |  | $ | 25,650 |  |  | $ | 15,842 |  |  | $ | (5,411) |

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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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