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Derivatives and Hedging (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swaps and caps
The Company's interest rate swaps consisted of the following (in thousands):

Notional value atFair value at
Hedge typeInterest rateMaturityDecember 31, 2021December 31, 2020December 31, 2021December 31, 2020
Swap-cash flow1.15%April 2021$— $100,000 $— $(398)
Swap-cash flow1.20%April 2021— 100,000 — (418)
Swap-cash flow2.15%April 2021— 75,000 — (594)
Swap-cash flow1.91%April 2021— 75,000 — (523)
Swap-cash flow1.61%June 2021— 50,000 — (433)
Swap-cash flow1.56%June 2021— 50,000 — (416)
Swap-cash flow1.71%June 2021— 50,000 — (462)
Swap-cash flow 1.35%September 2021— 49,000 — (454)
Swap-cash flow 1.28%September 2022100,000 100,000 (759)(2,035)
Swap-cash flow (1)2.29%December 2022200,000 200,000 (4,077)(9,044)
Swap-cash flow (2)2.29%December 2022125,000 125,000 (2,545)(5,648)
Swap-cash flow (3)2.38%December 202287,780 200,000 (1,879)(9,436)
Swap-cash flow (4)2.38%December 202236,875 100,000 (789)(4,716)
Swap-cash flow 2.75%November 2023100,000 100,000 (3,893)(7,635)
Swap-cash flow 2.51%December 202375,000 75,000 (2,692)(5,284)
Swap-cash flow 2.39%December 202375,000 75,000 (2,504)(5,012)
Swap-cash flow 1.24%September 2025150,000 150,000 (860)(5,508)
Swap-cash flow 1.16%April 202450,000 50,000 (338)(1,464)
Swap-cash flow 1.20%April 202450,000 50,000 (387)(1,526)
Swap-cash flow 1.15%April 202450,000 50,000 (327)(1,450)
Swap-cash flow 1.10%April 202450,000 50,000 (267)(1,374)
Swap-cash flow 0.98%April 202425,000 25,000 (61)(596)
Swap-cash flow 0.95%April 202425,000 25,000 (43)(573)
Swap-cash flow 0.93%April 202425,000 25,000 (31)(558)
Swap-cash flow 0.90%April 202425,000 25,000 (13)(535)
Swap-cash flow 0.85%December 202450,000 50,000 221 (1,249)
Swap-cash flow 0.75%December 202450,000 50,000 372 (1,047)
Swap-cash flow 0.65%January 202650,000 50,000 955 (662)
$1,399,655 $2,124,000 $(19,917)$(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) income. 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) income. 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 re-designated the remaining portion of 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) income. (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 re-designated the remaining portion of 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) income.