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Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2023
Derivative Instrument Detail [Abstract] |
Effect of Derivatives on Condensed Consolidated Statements of Operations | The following table details the effect of derivatives on our Condensed Consolidated Statements of Operations:
|  |  |  | Three Months Ended March 31, |
(in thousands) |  | Location |  | 2023 |  |  | 2022 |
Derivatives designated in cash flow hedging relationships: |  |  |  |
Interest rate contracts |  |  |  |  |  |  |  |
(Loss) income recognized in other comprehensive (loss) income, net of tax |  |  |  | $ | (13,591 | ) |  | $ | 41,330 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax 1 |  | Interest expense, net |  | $ | 3,744 |  |  | $ | (1,946 | )
Interest expense, net |  |  |  | $ | 199 |  |  | $ | 2,894 |
1 Realized gains and losses on interest rate contracts consist of realized net cash received or paid and interest accruals on the interest rate swaps during the periods in addition to amortization of amounts out of other comprehensive (loss) income related to certain terminated hedges and adjustments to interest expense resulting from amortization of inception value of certain off-market designated hedges. Net cash received or paid is included within Interest expense, net in the Condensed Consolidated Statements of Operations. At March 31, 2023, the amount of net gains expected to be reclassified into earnings in the next 12 months is approximately $15.6 million. However, this expected amount to be reclassified into earnings is subject to volatility as the ultimate amount recognized in earnings is based on the SOFR rates at the time of net swap cash payments.

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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 https://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 https://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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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