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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of interest rate swaps | The following interest rate swaps have been designated as cash flow hedges (in thousands):
|  |  |  |  |  | Notional value at |  | Fair value at
Hedge type |  | Interest rate |  | Maturity |  | September 30, 2021 |  | December 31, 2020 |  | September 30, 2021 |  | December 31, 2020
Swap-cash flow |  | 1.15% |  | April 2021 |  | $ | — |  |  | $ | 100,000 |  |  | $ | — |  |  | $ | (398) |
Swap-cash flow |  | 1.20% |  | April 2021 |  | — |  |  | 100,000 |  |  | — |  |  | (418) |
Swap-cash flow |  | 2.15% |  | April 2021 |  | — |  |  | 75,000 |  |  | — |  |  | (594) |
Swap-cash flow |  | 1.91% |  | April 2021 |  | — |  |  | 75,000 |  |  | — |  |  | (523) |
Swap-cash flow |  | 1.61% |  | June 2021 |  | — |  |  | 50,000 |  |  | — |  |  | (433) |
Swap-cash flow |  | 1.56% |  | June 2021 |  | — |  |  | 50,000 |  |  | — |  |  | (416) |
Swap-cash flow |  | 1.71% |  | June 2021 |  | — |  |  | 50,000 |  |  | — |  |  | (462) |
Swap-cash flow |  | 1.35% |  | September 2021 |  | — |  |  | 49,000 |  |  | — |  |  | (454) |
Swap-cash flow (1) |  | 2.29% |  | December 2022 |  | 200,000 |  |  | 200,000 |  |  | (5,732) |  |  | (9,044) |
Swap-cash flow (2) |  | 2.29% |  | December 2022 |  | 125,000 |  |  | 125,000 |  |  | (3,579) |  |  | (5,648) |
Swap-cash flow (3) |  | 2.38% |  | December 2022 |  | 87,780 |  |  | 200,000 |  |  | (2,626) |  |  | (9,436) |
Swap-cash flow (4) |  | 2.38% |  | December 2022 |  | 36,875 |  |  | 100,000 |  |  | (1,103) |  |  | (4,716) |
Swap-cash flow |  | 2.39% |  | December 2023 |  | 75,000 |  |  | 75,000 |  |  | (3,556) |  |  | (5,012) |
Swap-cash flow |  | 2.51% |  | December 2023 |  | 75,000 |  |  | 75,000 |  |  | (3,768) |  |  | (5,284) |
Swap-cash flow |  | 2.75% |  | November 2023 |  | 100,000 |  |  | 100,000 |  |  | (5,300) |  |  | (7,635) |
Swap-cash flow |  | 1.28% |  | September 2022 |  | 100,000 |  |  | 100,000 |  |  | (1,181) |  |  | (2,035) |
Swap-cash flow |  | 1.24% |  | September 2025 |  | 150,000 |  |  | 150,000 |  |  | (2,952) |  |  | (5,508) |
Swap-cash flow |  | 1.16% |  | April 2024 |  | 50,000 |  |  | 50,000 |  |  | (952) |  |  | (1,464) |
Swap-cash flow |  | 1.20% |  | April 2024 |  | 50,000 |  |  | 50,000 |  |  | (1,007) |  |  | (1,526) |
Swap-cash flow |  | 1.15% |  | April 2024 |  | 50,000 |  |  | 50,000 |  |  | (940) |  |  | (1,450) |
Swap-cash flow |  | 1.10% |  | April 2024 |  | 50,000 |  |  | 50,000 |  |  | (873) |  |  | (1,374) |
Swap-cash flow |  | 0.98% |  | April 2024 |  | 25,000 |  |  | 25,000 |  |  | (356) |  |  | (596) |
Swap-cash flow |  | 0.95% |  | April 2024 |  | 25,000 |  |  | 25,000 |  |  | (336) |  |  | (573) |
Swap-cash flow |  | 0.93% |  | April 2024 |  | 25,000 |  |  | 25,000 |  |  | (323) |  |  | (558) |
Swap-cash flow |  | 0.90% |  | April 2024 |  | 25,000 |  |  | 25,000 |  |  | (303) |  |  | (535) |
Swap-cash flow |  | 0.85% |  | December 2024 |  | 50,000 |  |  | 50,000 |  |  | (422) |  |  | (1,249) |
Swap-cash flow |  | 0.75% |  | December 2024 |  | 50,000 |  |  | 50,000 |  |  | (257) |  |  | (1,047) |
Swap-cash flow |  | 0.65% |  | January 2026 |  | 50,000 |  |  | 50,000 |  |  | 358 |  |  | (662) |
|  |  |  |  |  | $ | 1,399,655 |  |  | $ | 2,124,000 |  |  | $ | (35,208) |  |  | $ | (69,050) |
(1)In June 2021, the Company paid down a portion of its Term Loans and dedesignated approximately $83.8 million of the original $200.0 million notional value of this swap as the hedged forecasted transactions were no longer probable of occurring as a result of the debt paydown. Therefore, the Company reclassified approximately $2.8 million of unrealized losses included in other comprehensive loss to other (expense) income, net, in the consolidated statements of operations and comprehensive loss. The portion of the swap that was dedesignated was subsequently redesignated and the amounts related to the initial fair value of $2.8 million that are recorded in other comprehensive loss during the new hedging relationship will be reclassified to earnings on a straight line basis over the remaining life of the swap. (2)In June 2021, the Company paid down a portion of its Term Loans and dedesignated approximately $47.2 million of the original $125.0 million notional value of this swap as the hedged forecasted transactions were no longer probable of occurring as a result of the debt paydown. Therefore, the Company reclassified approximately $1.6 million of unrealized losses included in other comprehensive loss to other (expense) income, net, in the consolidated statements of operations and comprehensive loss. The portion of the swap that was dedesignated was subsequently redesignated and the amounts related to the initial fair value of $1.6 million that are recorded in other comprehensive loss during the new hedging relationship will be reclassified to earnings on a straight line basis over the remaining life of the swap. (3)In June 2021, the Company paid down a portion of its Term Loans and terminated approximately $112.2 million of the original $200.0 million notional value of this swap as the hedged forecasted transactions were no longer probable of occurring as result of the debt paydown in June 2021. As part of the swap termination, the Company paid approximately $2.2 million to terminate a portion of this swap. In addition, the Company reclassified this swap resulting in the reclassification of approximately $2.2 million of the unrealized losses included in accumulated other comprehensive loss to other (expense) income, net, in the consolidated statements of operations and comprehensive loss. (4)In June 2021, the Company paid down a portion of its Term Loans and terminated approximately $63.1 million of the original $100.0 million notional value of this swap as the hedged forecasted transactions were no longer probable of occurring as result of the debt paydown in June 2021. As part of the swap termination, the Company paid approximately $4.0 million to terminate a portion of this swap. In addition, the Company reclassified this swap resulting in the reclassification of approximately $4.0 million of the unrealized losses included in accumulated other comprehensive loss to other (expense) income, net, in the consolidated statements of operations and comprehensive loss.

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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: 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=121590274&loc=SL5624171-113959 + Details
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