XML 50 R37.htm IDEA: XBRL DOCUMENT v3.20.4
Derivatives (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Non-Designated Foreign Exchange Forwards The following table summarizes our non-designated foreign exchange ("Fx") forwards and our interest rate cap as of December 31, 2020:
December 31, 2020
Type of DerivativesNumber of ContractsAggregate Notional Amount (in thousands)Notional CurrencyMaturityWeighted-Average Years to Maturity
Fx contracts - GBP93428,493GBPJanuary 2021 - December 20242.04
Fx contracts - EUR69239,466EURFebruary 2021 - August 20242.61
Interest rate cap1500,000USDJune 20232.49

The following table summarizes our non-designated Fx forwards and our interest rate swap as of December 31, 2019:
December 31, 2019
Type of DerivativesNumber of ContractsAggregate Notional Amount (in thousands)Notional CurrencyMaturityWeighted-Average Years to Maturity
Fx contracts - GBP156735,349GBPJanuary 2020 - December 20241.49
Fx contracts - EUR44168,879EURFebruary 2020 - August 20243.22
Interest rate swap1500,000USDMay 20266.37
Schedule of Amounts Recognized on Consolidated Statements of Operations Related to Company's Derivatives The following table summarizes the amounts recognized on our consolidated statements of operations related to our derivatives for the years ended December 31, 2020, 2019, and 2018 ($ in thousands):
  Amount of gain (loss)
recognized in income
Year ended December 31,
Location of Gain (Loss) Recognized in Income202020192018
Forward currency contractsUnrealized gain (loss) on derivative instruments $(26,499)$(28,576)$29,345 
Forward currency contractsRealized gain on derivative instruments 16,756 14,151 9,713 
Total$(9,743)$(14,425)$39,058 
Amount of loss
recognized in income
Year ended December 31,
Location of Loss Recognized in Income202020192018
Interest rate cap(1)
Unrealized gain on interest rate cap$134 $— $— 
Interest rate swap(2)
Unrealized gain (loss) on interest rate swap14,470 (14,470)— 
Interest rate swap(2)
Realized loss on interest rate swap(53,851)— — 
Total$(39,247)$(14,470)$— 
———————
(1)With a notional amount of $500.0 million, $0, and $34.9 million at December 31, 2020, 2019, and 2018, respectively.
(2)With a notional amount of $0, $500.0 million, and $0 at December 31, 2020, 2019, and 2018, respectively.
Schedule of Gross Asset and Liability Amounts Related to Derivatives
The following tables summarize the gross asset and liability amounts related to our derivatives at December 31, 2020 and 2019 ($ in thousands):
December 31, 2020December 31, 2019
Gross
Amount of
Recognized
Liability		Gross
Amounts
Offset in our
Consolidated Balance Sheet		Net Amounts
of Liability
Presented in
our Consolidated Balance Sheet		Gross Amount of Recognized LiabilitiesGross
Amounts
Offset in our
Consolidated Balance Sheet		Net Amounts of Liabilities Presented in our Consolidated Balance Sheet
Forward currency contracts$32,172 $(797)$31,375 $12,687 $(7,811)$4,876 
Interest rate cap— (134)(134)— — — 
Interest rate swap— — — 14,470 — 14,470 
Total derivative liabilities$32,172 $(931)$31,241 $27,157 $(7,811)$19,346