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Derivative Instruments (Tables)
 12 Months Ended
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 DateContract End Date
Fixed Interest Rates1
Notional Amount at inception
(in thousands)
December 2017December 20222.204%$300,000 
March 2020March 20231.954%150,000 
March 2019March 20231.956%100,000 
March 2019March 20232.413%200,000 
March 2020December 20231.862%200,000 
May 2021May 20240.435%150,000 
May 2021May 20240.440%150,000 
May 2021May 20250.678%300,000 
May 2021May 20260.909%150,000 
May 2021May 20260.910%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 Operations202120202019
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)