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Derivatives (Tables)
 3 Months Ended
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 DerivativesNumber of ContractsAggregate Notional Amount (in thousands)Notional CurrencyMaturityWeighted-Average Years to Maturity
Fx contracts - GBP107500,901GBPApril 2021 - February 20262.12
Fx contracts - EUR66237,519EURMay 2021 - August 20242.37
Fx contracts - SEK20604,372SEKAugust 2021 - May 20264.07
Interest rate cap1500,000USDJune 20232.21
The following table summarizes our non-designated Fx forwards and our interest rate cap as of December 31, 2020:
December 31, 2020
Type of 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
Fx contracts - SEKN/AN/AN/AN/AN/A
Interest rate cap1500,000USDJune 20232.49
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 Income20212020
Forward currency contractsUnrealized gain on derivative instruments $10,502 $62,436 
Forward currency contractsRealized 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 Income20212020
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, 2021December 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 LiabilitiesGross
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