XML 70 R27.htm IDEA: XBRL DOCUMENT v3.24.3

Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024			December 31, 2023						Balance sheet location			September 30, 2024			December 31, 2023
Derivative instruments designated as hedging instruments:
Interest rate swaps, current portion			Prepaid expenses and other current assets			$	1,672		$	16,198					Accrued expenses and other current liabilities			$	—		$	—
Foreign currency forward contracts, current portion			Prepaid expenses and other current assets			81			—						Accrued expenses and other current liabilities			504			536
Interest rate swaps, long-term			Other assets			—			—						Other liabilities			5,490			5,004
Total derivative instruments designated as hedging instruments						$	1,753		$	16,198								$	5,994		$	5,540

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:

			(Loss) gain recognized in accumulated other comprehensive loss as of			Location of (loss) gain reclassified from accumulated other comprehensive loss into income (loss)			Gain reclassified from accumulated  other comprehensive loss into income (loss)
(dollars in thousands)			September 30, 2024						Three months ended September 30, 2024						Nine months ended September 30, 2024
Cash Flow Hedges
Interest rate swaps			$	(3,818)		Interest expense			$	5,653					$	16,582
Foreign currency forward contracts			$	21		Revenue			$	87					$	250
Net Investment Hedges
Foreign currency forward contracts			$	(444)					$	—					$	—
			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					$	—					$	—

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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-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