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Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivatives Instruments

The reported fair values of our derivatives, which are classified in Derivative instruments on our Consolidated Balance Sheets, were as follows:

			December 31, 2020						December 31, 2019
Derivatives not designated as hedging instruments:
Current liabilities:
Cross currency swaps			$	17,680					$	—
Long-term liabilities:
Cross currency swaps			8,144						—
Total derivative instrument assets			$	—					$	—
Total derivative instrument liabilities			$	25,824					$	—

Summary of Unrealized Gain (Loss) Recorded In And Reclassified From Accumulated Comprehensive Income (Loss)

The table below shows the total recorded unrealized (loss) gain in Comprehensive income for the derivatives designated as hedging instruments. The impact of these derivative instruments on Comprehensive income, Interest expense and AOCI for the years ended December 31, 2020, 2019 and 2018 were as follows:

			(Loss) Gain Recognized in Comprehensive Income (Effective Portion)									Income Statement Location			Gain Reclassified from AOCI to Income (Effective Portion)									Total Consolidated Interest Expense
			2020			2019			2018						2020			2019			2018			2020			2019			2018
Cash flow hedge
Interest rate swaps			$	—		$	(11,818)		$	5,772		Interest expense			$	—		$	11,818		$	2,446
Net investment hedge
Cross currency swaps			—			3,868			7,937			N/A			—			—			—
Total			$	—		$	(7,950)		$	13,709					$	—		$	11,818		$	2,446		$	(100,894)		$	(125,042)		$	(188,431)

Components of The Reported Gain (Loss) on Derivatives Not Designated As Hedging Instruments

Components of the reported Gain (loss) on derivatives not designated as hedging instruments in the Consolidated Statements of Operations were as follows:

For the years ended December 31,			2020						2019						2018
Unrealized (Loss) Gain
Contingent redemption features - Series A Preferred			$	—					$	—					$	(42,140)
Cross currency and interest rate swaps			(25,354)						4,022						257
Total unrealized (loss) gain			(25,354)						4,022						(41,883)
Realized (Loss) Gain
Contingent redemption features - Series A Preferred			—						—						140,320
Cross currency and interest rate swaps			(626)						4,278						(9,961)
Total realized (loss) gain			(626)						4,278						130,359
Total (Loss) Gain
Contingent redemption features - Series A Preferred			—						—						98,180
Cross currency and interest rate swaps			(25,980)						8,300						(9,704)
(Loss) gain on derivatives, net			$	(25,980)					$	8,300					$	88,476

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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.

+ 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=121590274&loc=SL5624181-113959

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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