XML 59 R44.htm IDEA: XBRL DOCUMENT
v3.20.4

Derivatives and Hedging (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets | The following table summarizes the fair value of the Company's foreign currency forward contracts, cross-currency debt swap contracts and interest rate hedge contracts as well as the location of the asset and/or liability on the consolidated balance sheets at December 31, 2020 and 2019 (in thousands):
|  |  | Fair Value of Asset Derivatives
|  |  | December 31,
| Balance Sheet Location |  | 2020 |  | 2019
Derivatives designated as cash flow hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Other current assets |  | $ | 37 |  |  | $ | 53 |
Cross-currency debt swap contracts | Other current assets |  | — |  |  | 6,163 |
|  | $ | 37 |  |  | $ | 6,216 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Other current assets |  | 53 |  |  | 8 |
Total asset position |  | $ | 90 |  |  | $ | 6,224 |
|  |  | Fair Value of Liability Derivatives
|  |  | December 31,
| Balance Sheet Location |  | 2020 |  | 2019
Derivatives designated as cash flow hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Accounts payable and accrued expenses |  | $ | 38 |  |  | $ | 24 |
Cross-currency debt swap contracts | Accounts payable and accrued expenses |  | — |  |  | 25 |
Interest rate hedge contracts | Accounts payable and accrued expenses |  | 4,780 |  |  | 1,865 |
Interest rate hedge contracts | Other long-term liabilities |  | 13,142 |  |  | 7,030 |
|  |  | 17,960 |  |  | 8,944 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Accounts payable and accrued expenses |  | 1,515 |  |  | 741 |
Total liability position |  | $ | 19,475 |  |  | $ | 9,685 |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following tables summarize the net effect of all cash flow hedges on the consolidated financial statements for the year ended December 31, 2020, 2019, and 2018 (in thousands):
|  | Net Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) (Effective Portion)
|  | Year Ended December 31,
Derivatives designated as cash flow hedging instruments |  | 2020 |  | 2019 |  | 2018
Foreign currency forward contracts |  | $ | 756 |  |  | $ | 1,033 |  |  | $ | 389 |
Cross-currency debt swap contracts |  | 15,081 |  |  | 11,212 |  |  | — |
Interest rate hedge contracts |  | (12,881) |  |  | (9,434) |  |  | — |
|  | $ | 2,956 |  |  | $ | 2,811 |  |  | $ | 389 |
|  | Net Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Earnings (Effective Portion)
|  | Year Ended December 31,
Derivatives designated as cash flow hedging instruments |  | 2020 |  | 2019 |  | 2018
Foreign currency forward contracts |  | $ | 1,028 |  |  | $ | 1,165 |  |  | $ | 236 |
Cross-currency debt swap contracts |  | 18,510 |  |  | 7,783 |  |  | — |
Interest rate hedge contracts |  | (3,852) |  |  | (552) |  |  | — |
|  | $ | 15,686 |  |  | $ | 8,396 |  |  | $ | 236 |
Location of Gains and Losses in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type | The following table summarizes the location of gains on the consolidated statements of operations that were recognized during the years ended December 31, 2020, 2019 and 2018, in addition to the derivative contract type (in thousands):
|  |  | Amount of Net Gain Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments | Location of Net gain recognized in income on derivative instruments |  | Years Ended December 31,
| 2020 |  | 2019 |  | 2018
Foreign currency forward contracts | Other income, net |  | $ | 2,156 |  |  | $ | 4,176 |  |  | $ | 9,705 |

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 for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: 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=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. + 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 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration