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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Non-Designated Foreign Exchange Forwards | The following table summarizes our non-designated Fx forwards and our interest rate cap as of March 31, 2022:
| March 31, 2022
Type of Derivatives | Number of Contracts |  | Aggregate Notional Amount (in thousands) |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity
Fx contracts - GBP | 100 |  | 852,464 |  | GBP |  | April 2022 - February 2027 |  | 2.31
Fx contracts - EUR | 104 |  | 622,979 |  | EUR |  | April 2022 - November 2025 |  | 2.55
Fx contracts - SEK | 20 |  | 768,363 |  | SEK |  | May 2022 - May 2026 |  | 3.53
Interest rate cap | 1 |  | 500,000 |  | USD |  | June 2023 |  | 1.21
The following table summarizes our non-designated Fx forwards and our interest rate cap as of December 31, 2021:
| December 31, 2021
Type of Derivatives | Number of Contracts |  | Aggregate Notional Amount (in thousands) |  | Notional Currency |  | Maturity |  | Weighted-Average Years to Maturity
Fx contracts - GBP | 125 |  | 738,178 |  | GBP |  | January 2022 - February 2026 |  | 2.14
Fx contracts - EUR | 90 |  | 508,541 |  | EUR |  | January 2022 - November 2025 |  | 1.88
Fx contracts - SEK | 20 |  | 765,138 |  | SEK |  | February 2022 - May 2026 |  | 3.74
Interest rate cap | 1 |  | 500,000 |  | USD |  | June 2023 |  | 1.45
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, 2022 and 2021 ($ in thousands):
|  |  | Amount of gain (loss) recognized in income
|  |  | Three months ended March 31, |
| Location of Gain (Loss) Recognized in Income |  | 2022 |  | 2021 |  |  |
Forward currency contracts | Unrealized gain on derivative instruments |  | $ | 18,142 |  |  | $ | 10,502 |  |  |  |
Forward currency contracts | Realized gain (loss) on derivative instruments |  | 4,620 |  |  | (702) |  |  |  |
Total |  |  | $ | 22,762 |  |  | $ | 9,800 |  |  |  |
The following table summarizes the amount recognized on our condensed consolidated statements of operations related to our interest rate cap for the three months ended March 31, 2022 and 2021 ($ in thousands):
|  |  | Amount of gain recognized in income
|  |  | Three months ended March 31,
| Location of Gain Recognized in Income |  | 2022 |  | 2021 |  |
Interest rate cap(1) | Unrealized gain on interest rate hedging instruments |  | $ | 6,321 |  |  | $ | 357 |  |  |
Total |  |  | $ | 6,321 |  |  | $ | 357 |  |  |
——————— (1)With a notional amount of $500.0 million at March 31, 2022 and 2021.
Schedule of Gross Asset and Liability Amounts Related to Derivatives | The following tables summarize the gross asset and liability amounts related to our derivatives at March 31, 2022 and December 31, 2021 ($ in thousands):
| March 31, 2022 |  | December 31, 2021
| Gross Amount of Recognized Assets |  | Gross Amounts Offset in our Condensed Consolidated Balance Sheet |  | Net Amounts of Assets Presented in our Condensed Consolidated Balance Sheet |  | Gross Amount of Recognized Assets |  | Gross Amounts Offset in our Condensed Consolidated Balance Sheet |  | Net Amounts of Liabilities Presented in our Condensed Consolidated Balance Sheet
Forward currency contracts | $ | 40,449 |  |  | $ | (6,967) |  |  | $ | 33,482 |  |  | $ | 28,781 |  |  | $ | (13,441) |  |  | $ | 15,340 |
Interest rate cap | 7,769 |  |  | — |  |  | 7,769 |  |  | 1,448 |  |  | — |  |  | 1,448 |
Total derivative assets (liabilities) | $ | 48,218 |  |  | $ | (6,967) |  |  | $ | 41,251 |  |  | $ | 30,229 |  |  | $ | (13,441) |  |  | $ | 16,788 |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + 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 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: 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=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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