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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2021
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 March 31, 2021:
| March 31, 2021
Type of Derivatives | Number of Contracts |  | Aggregate Notional Amount (in thousands) |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity
Fx contracts - GBP | 107 |  | 500,901 |  | GBP |  | April 2021 - February 2026 |  | 2.12
Fx contracts - EUR | 66 |  | 237,519 |  | EUR |  | May 2021 - August 2024 |  | 2.37
Fx contracts - SEK | 20 |  | 604,372 |  | SEK |  | August 2021 - May 2026 |  | 4.07
Interest rate cap | 1 |  | 500,000 |  | USD |  | June 2023 |  | 2.21
The following table summarizes our non-designated Fx forwards and our interest rate cap as of December 31, 2020:
| December 31, 2020
Type of Derivatives | Number of Contracts |  | Aggregate Notional Amount (in thousands) |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity
Fx contracts - GBP | 93 |  | 428,493 |  | GBP |  | January 2021 - December 2024 |  | 2.04
Fx contracts - EUR | 69 |  | 239,466 |  | EUR |  | February 2021 - August 2024 |  | 2.61
Fx contracts - SEK | N/A |  | N/A |  | N/A |  | N/A |  | N/A
Interest rate cap | 1 |  | 500,000 |  | USD |  | June 2023 |  | 2.49
Schedule of Amounts Recognized on Consolidated Statements of Operations Related to Company's Derivatives | The following table summarizes the amounts recognized on our condensed consolidated statements of operations related to our derivatives for the three months ended March 31, 2021, and 2020 ($ in thousands):
|  |  |  |  |  |  | Amount of gain (loss) recognized in income
|  |  |  |  | Three months ended March 31,
| Location of Gain (Loss) Recognized in Income |  |  |  |  |  | 2021 |  | 2020
Forward currency contracts | Unrealized gain on derivative instruments |  |  |  |  |  | $ | 10,502 |  |  | $ | 62,436 |
Forward currency contracts | Realized gain (loss) on derivative instruments |  |  |  |  |  | (702) |  |  | 8,055 |
Total |  |  |  |  |  |  | $ | 9,800 |  |  | $ | 70,491 |
|  |  |  |  |  |  | Amount of gain (loss) recognized in income
|  |  |  |  | Three months ended March 31,
| Location of Gain (Loss) Recognized in Income |  |  |  |  |  | 2021 |  | 2020
Interest rate cap(1) | Unrealized gain on interest rate cap |  |  |  |  |  | $ | 357 |  |  | $ | — |
Interest rate swap(2) | Unrealized loss on interest rate swap |  |  |  |  |  | — |  |  | (35,548) |
Total |  |  |  |  |  |  | $ | 357 |  |  | $ | (35,548) |
——————— (1)With a notional amount of $500.0 million and $0, and at March 31, 2021 and 2020, respectively. (2)With a notional amount of $0 and $500.0 million at March 31, 2021 and 2020, respectively.
Schedule of Gross Asset and Liability Amounts Related to Derivatives | The following tables summarize the gross asset and liability amounts related to our derivatives at March 31, 2021 and December 31, 2020 ($ in thousands):
| March 31, 2021 |  | December 31, 2020
| Gross Amount of Recognized Liability |  | Gross Amounts Offset in our Condensed Consolidated Balance Sheet |  | Net Amounts of Liability Presented in our Condensed Consolidated Balance Sheet |  | Gross Amount of Recognized Liabilities |  | Gross Amounts Offset in our Condensed Consolidated Balance Sheet |  | Net Amounts of Liabilities Presented in our Condensed Consolidated Balance Sheet
Forward currency contracts | $ | 25,994 |  |  | $ | (5,121) |  |  | $ | 20,873 |  |  | $ | 32,172 |  |  | $ | (797) |  |  | $ | 31,375 |
Interest rate cap | — |  |  | (491) |  |  | (491) |  |  | — |  |  | (134) |  |  | (134) |
Total derivative liabilities | $ | 25,994 |  |  | $ | (5,612) |  |  | $ | 20,382 |  |  | $ | 32,172 |  |  | $ | (931) |  |  | $ | 31,241 |

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