XML 66 R26.htm IDEA: XBRL DOCUMENT v3.23.2

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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, 2023			December 31, 2022						Balance sheet location			June 30, 2023			December 31, 2022
Derivative instruments designated as hedging instruments:
Foreign currency forward contracts, current portion			Prepaid expenses and other current assets			$	—		$	247					Accrued expenses and other current liabilities			$	693		$	323
Interest rate swaps, long-term			Other assets			26,978			31,870						Other liabilities			1,774			—
Total derivative instruments designated as hedging instruments						$	26,978		$	32,117								$	2,467		$	323

Effects of Derivative Instruments in Cash Flow Hedging Relationships

The effects of derivative instruments in cash flow and net investment hedging relationships were as follows:

			Gain (loss) recognized in accumulated other comprehensive income as of			Location of gain (loss) reclassified from accumulated other comprehensive income into income (loss)			Gain (loss) reclassified from accumulated  other comprehensive income into income (loss)
(dollars in thousands)			June 30, 2023						Three months ended June 30, 2023						Six months ended June 30, 2023
Cash Flow Hedges
Interest rate swaps			$	25,204		Interest expense			$	5,083					$	9,582
Foreign currency forward contracts			$	(292)		Revenue			$	109					$	234
Net Investment Hedges
Foreign currency forward contracts			$	(401)					$	—					$	—
			June 30, 2022						Three months ended June 30, 2022						Six months ended June 30, 2022
Cash Flow Hedges
Interest rate swaps			$	25,412		Interest expense			$	323					$	(35)

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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

+ 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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration