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Derivatives and Hedging (Tables) | 9 Months Ended
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Sep. 30, 2021
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 derivative instruments as well as the location of the asset and/or liability on the consolidated condensed balance sheets at September 30, 2021 and December 31, 2020 (in thousands):
| Balance Sheet Location |  | Fair Value of Asset Derivatives
| September 30, 2021 |  | December 31, 2020
Derivatives designated as cash flow hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Other current assets |  | $ | 1,109 |  |  | $ | 37 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Other current assets |  | 3,746 |  |  | 53 |
Total asset position |  | $ | 4,855 |  |  | $ | 90 |
| Balance Sheet Location |  | Fair Value of Liability Derivatives
| September 30, 2021 |  | December 31, 2020
Derivatives designated as cash flow hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Accounts payable and accrued expenses |  | $ | 7 |  |  | $ | 38 |
Interest rate hedge contracts | Accounts payable and accrued expenses |  | 4,752 |  |  | 4,780 |
Interest rate hedge contracts | Other long-term liabilities |  | 7,472 |  |  | 13,142 |
|  |  | 12,231 |  |  | 17,960 |
Derivatives not designated as hedging instruments: |  |  |  |  |
Foreign currency forward contracts | Accrued AP and expenses |  | 463 |  |  | 1,515 |
Total liability position |  | $ | 12,694 |  |  | $ | 19,475 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The following tables summarize the net effect of all cash flow hedges on the consolidated condensed financial statements for the three and nine months ended September 30, 2021 and 2020 (in thousands):
|  | Gain/(Loss) Recognized in Other Comprehensive Income (Effective Portion)
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Derivatives designated as cash flow hedging instruments |  | 2021 |  | 2020 |  | 2021 |  | 2020
Foreign currency forward contracts |  | $ | 131 |  |  | $ | (1,070) |  |  | $ | 2,196 |  |  | $ | 904 |
Cross-currency debt swap agreements |  | — |  |  | — |  |  | — |  |  | 15,081 |
Interest rate hedge agreements |  | (146) |  |  | (100) |  |  | 2,082 |  |  | (13,261) |
|  | $ | (15) |  |  | $ | (1,170) |  |  | $ | 4,278 |  |  | $ | 2,724 |
|  | Gain/(Loss) Reclassified from Other Comprehensive Income into Earnings (Effective Portion)
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Derivatives designated as cash flow hedging instruments |  | 2021 |  | 2020 |  | 2021 |  | 2020
Foreign currency forward contracts |  | $ | 662 |  |  | $ | 621 |  |  | $ | 628 |  |  | $ | 1,493 |
Cross-currency debt swap agreements |  | — |  |  | — |  |  | — |  |  | 18,510 |
Interest rate hedge agreements |  | (1,217) |  |  | (1,198) |  |  | (3,608) |  |  | (2,644) |
|  | $ | (555) |  |  | $ | (577) |  |  | $ | (2,980) |  |  | $ | 17,359 |
Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type | The following table summarizes the location of net gains and losses in the consolidated condensed statements of operations that were recognized during the three and nine months ended September 30, 2021 and 2020, respectively, in addition to the derivative contract type (in thousands):
|  | Location of Net Gain (Loss) Recognized in Income on Derivative Instruments |  | Amount of Net Gain (Loss) Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Foreign currency forward contracts |  | Other income, net |  | $ | 2,792 |  |  | $ | (4,639) |  |  | $ | 11,822 |  |  | $ | 622 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + 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=121590274&loc=SL5624171-113959 + Details
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- 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=121590274&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=121590274&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=121590274&loc=SL5624171-113959 + Details
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- 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=121590274&loc=SL5624163-113959 + Details
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