XML 68 R27.htm IDEA: XBRL DOCUMENT
v3.21.2

Derivative Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Swaps | The terms and notional values of our derivative instruments were as follows as of June 30, 2021:
(dollars in thousands) | Term of derivative instrument | Notional value
Derivative instruments designated as hedging instruments: |  |
Interest rate swap | July 2017 - July 2021 | $ | 150,000 |
Interest rate swap | November 2020 - October 2024 | 60,000 |
Interest rate swap | November 2020 - October 2024 | 60,000 |
Interest rate swap | June 2021 - October 2024 | 120,000 |
|  | $ | 390,000 |
Forward-starting interest rate swap | July 2021 - October 2024 | 120,000 |
|  | $ | 120,000 |
Fair Values of Derivative Instruments | The fair values of our derivative instruments were as follows as of:
|  | Asset derivatives |  |  | Liability derivatives
(dollars in thousands) | Balance sheet location | June 30, 2021 | December 31, 2020 |  | Balance sheet location | June 30, 2021 | December 31, 2020
Derivative instruments designated as hedging instruments: |  |  |  |  |  |  |
Interest rate swaps, current portion | Prepaid expenses and other current assets | $ | — |  | $ | — |  |  | Accrued expenses and other current liabilities | $ | 138 |  | $ | 2,698 |
Interest rate swaps, long-term portion | Other assets | 2,061 |  | — |  |  | Other liabilities | — |  | 1,461 |
Total derivative instruments designated as hedging instruments |  | $ | 2,061 |  | $ | — |  |  |  | $ | 138 |  | $ | 4,159 |
Effects of Derivative Instruments in Cash Flow Hedging Relationships | The effects of derivative instruments in cash flow hedging relationships were as follows:
| Gain (loss) recognized in accumulated other comprehensive loss as of | Location of gain (loss) reclassified from accumulated other comprehensive loss into income | Gain (loss) reclassified from accumulated other comprehensive loss into income
(dollars in thousands) | June 30, 2021 | Three months ended June 30, 2021 |  | Six months ended June 30, 2021
Interest rate swaps | $ | 1,923 |  | Interest expense | $ | (1,408) |  |  | $ | (2,784) |
| June 30, 2020 |  | Three months ended June 30, 2020 |  | Six months ended June 30, 2020
Interest rate swaps | $ | (5,233) |  | Interest expense | $ | (1,018) |  |  | $ | (1,223) |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: 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
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration