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Derivative Instruments (Tables)

9 Months Ended

Sep. 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			September 30, 2023			December 31, 2022						Balance sheet location			September 30, 2023			December 31, 2022
Derivative instruments designated as hedging instruments:
Foreign currency forward contracts, current portion			Prepaid expenses and other current assets			$	433		$	247					Accrued expenses and other current liabilities			$	—		$	323
Interest rate swaps, long-term			Other assets			30,359			31,870						Other liabilities			—			—
Total derivative instruments designated as hedging instruments						$	30,792		$	32,117								$	—		$	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 recognized in accumulated other comprehensive income as of			Location of gain reclassified from accumulated other comprehensive income into income (loss)			Gain reclassified from accumulated  other comprehensive income into income (loss)
(dollars in thousands)			September 30, 2023						Three months ended September 30, 2023						Nine months ended September 30, 2023
Cash Flow Hedges
Interest rate swaps			$	30,359		Interest expense			$	5,374					$	14,956
Foreign currency forward contracts			$	182		Revenue			$	82					$	316
Net Investment Hedges
Foreign currency forward contracts			$	251					$	—					$	—
			September 30, 2022						Three months ended September 30, 2022						Nine months ended September 30, 2022
Cash Flow Hedges
Interest rate swaps			$	33,120		Interest expense			$	1,935					$	1,900
Foreign currency forward contracts			$	879		Revenue			$	22					$	22
Net Investment Hedges
Foreign currency forward contracts			$	585					$	—					$	—

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- References

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- 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

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- 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

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