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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 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 | December 31, 2023 | December 31, 2022 |  | Balance sheet location | December 31, 2023 | December 31, 2022
Derivative instruments designated as hedging instruments: |  |  |  |  |  |  |
Interest rate swaps, current portion | Prepaid expenses and other current assets | $ | 16,198 |  | $ | — |  |  | Accrued expenses and other current liabilities | $ | — |  | $ | — |
Foreign currency forward contracts, current portion | Prepaid expenses and other current assets | — |  | 247 |  |  | Accrued expenses and other current liabilities | 536 |  | 323 |
Interest rate swaps, long-term | Other assets | — |  | 31,870 |  |  | Other liabilities | 5,004 |  | — |
Total derivative instruments designated as hedging instruments |  | $ | 16,198 |  | $ | 32,117 |  |  |  | $ | 5,540 |  | $ | 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 (loss) income as of | Location of gain reclassified from accumulated other comprehensive (loss) income into income (loss) | Gain (loss) reclassified from accumulated other comprehensive (loss) income into income (loss)
(dollars in thousands) | December 31, 2023 | Year ended December 31, 2023
Cash Flow Hedges |  |  |
Interest rate swaps | $ | 11,194 |  | Interest expense | $ | 20,418 |
Foreign currency forward contracts | $ | (235) |  | Revenue | $ | 388 |
Net Investment Hedge |  |  |
Foreign currency forward contracts | $ | (301) |  |  | $ | — |
| December 31, 2022 |  | Year ended December 31, 2022
Cash Flow Hedges |  |  |
Interest rate swaps | $ | 31,870 |  | Interest expense | $ | 5,520 |
Foreign currency forward contracts | $ | 247 |  | Revenue | $ | 165 |
Net Investment Hedges |  |  |
Foreign currency forward contracts | $ | (323) |  |  | $ | — |
| December 31, 2021 |  | Year ended December 31, 2021
Cash Flow Hedges |  |  |
Interest rate swaps | $ | 7,160 |  | Interest expense | $ | (3,714) |

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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 + Details
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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 + Details
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