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Derivatives (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2021:
| June 30, 2021
Type of Derivatives | Number of Contracts |  | Aggregate Notional Amount (in thousands) |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity
Fx contracts - GBP | 100 |  | 561,586 |  | GBP |  | July 2021 - February 2026 |  | 1.69
Fx contracts - EUR | 74 |  | 286,660 |  | EUR |  | August 2021 - November 2025 |  | 2.22
Fx contracts - SEK | 23 |  | 801,518 |  | SEK |  | August 2021 - May 2026 |  | 4.06
Interest rate cap | 1 |  | 500,000 |  | USD |  | June 2023 |  | 1.96
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 |  | 0 |  | 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 and six months ended June 30, 2021, and 2020 ($ in thousands):
|  |  | Amount of gain (loss) recognized in income
|  |  | Three months ended June 30, |  | Six months ended June 30,
| Location of Gain (Loss) Recognized in Income |  | 2021 |  | 2020 |  | 2021 |  | 2020
Forward currency contracts | Unrealized gain (loss) on derivative instruments |  | $ | (2,021) |  |  | $ | (9,004) |  |  | $ | 8,481 |  |  | $ | 53,432 |
Forward currency contracts | Realized gain (loss) on derivative instruments |  | (1,073) |  |  | 6,009 |  |  | (1,775) |  |  | 14,064 |
Total |  |  | $ | (3,094) |  |  | $ | (2,995) |  |  | $ | 6,706 |  |  | $ | 67,496 |
|  |  | Amount of gain (loss) recognized in income
|  |  | Three months ended June 30, |  | Six months ended June 30,
| Location of Gain (Loss) Recognized in Income |  | 2021 |  | 2020 |  | 2021 |  | 2020
Interest rate cap(1) | Unrealized (loss) gain on interest rate cap |  | $ | (111) |  |  | $ | 738 |  |  | $ | 246 |  |  | $ | 738 |
Interest rate swap(2) | Unrealized gain on interest rate swap |  | — |  |  | 50,018 |  |  | — |  |  | 14,470 |
Interest rate swap(2) | Realized loss on interest rate swap |  | — |  |  | (53,851) |  |  | — |  |  | (53,851) |
Total |  |  | $ | (111) |  |  | $ | (3,095) |  |  | $ | 246 |  |  | $ | (38,643) |
——————— (1)With a notional amount of $500 million at June 30, 2021 and 2020. (2)With a notional amount of $0 at June 30, 2021 and 2020.
Schedule of Gross Asset and Liability Amounts Related to Derivatives | The following tables summarize the gross asset and liability amounts related to our derivatives at June 30, 2021 and December 31, 2020 ($ in thousands):
| June 30, 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 | $ | 28,472 |  |  | $ | (5,578) |  |  | $ | 22,894 |  |  | $ | 32,172 |  |  | $ | (797) |  |  | $ | 31,375 |
Interest rate cap | — |  |  | (380) |  |  | (380) |  |  | — |  |  | (134) |  |  | (134) |
Total derivative liabilities | $ | 28,472 |  |  | $ | (5,958) |  |  | $ | 22,514 |  |  | $ | 32,172 |  |  | $ | (931) |  |  | $ | 31,241 |

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