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Derivatives and Hedging Instruments (Tables) | 3 Months Ended
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Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Instruments | The following table summarizes the fair value of derivative instruments as included in the Company’s consolidated statements of financial condition (in thousands):
| March 31, 2021 |  | December 31, 2020
Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Interest rate cap contracts | Other assets |  | $ | 854 |  |  | Other assets |  | $ | 659 |
Interest rate swap agreements | Other liabilities |  | (3,847) |  |  | Other liabilities |  | (5,232) |
Cross-currency swap agreements | Other liabilities |  | (5,340) |  |  | Other assets |  | 11,578 |
Effects of Derivatives in Cash Flow Hedging Relationships | The following tables summarize the effects of derivatives in cash flow hedging relationships designated as hedging instruments in the Company’s consolidated financial statements (in thousands):
Derivatives Designated as Hedging Instruments |  | Gain (Loss) Recognized in OCI |  | Location of Gain (Loss) Reclassified from OCI into Income (Loss) |  | Gain (Loss) Reclassified from OCI into Income (Loss)
| Three Months Ended March 31, |  |  | Three Months Ended March 31,
| 2021 |  | 2020 |  |  | 2021 |  | 2020
Foreign currency exchange contracts |  | $ | — |  |  | $ | (389) |  |  | Salaries and employee benefits |  | $ | — |  |  | $ | 127 |
Foreign currency exchange contracts |  | — |  |  | (45) |  |  | General and administrative expenses |  | — |  |  | 17 |
Interest rate swap agreements |  | (11) |  |  | (6,707) |  |  | Interest expense |  | (2,271) |  |  | (1,088) |
Interest rate cap contracts |  | 195 |  |  | (1,396) |  |  | Interest expense |  | (107) |  |  | (2,542) |
Cross-currency swap agreements |  | (18,329) |  |  | — |  |  | Interest expense / Other (expense) income |  | (17,528) |  |  | — |
The following table summarizes the effects of derivatives in cash flow hedging relationships not designated as hedging instruments in the Company’s consolidated statements of operations (in thousands):
|  |  |  | Amount of Gain (Loss) Recognized in Income (Loss) |  |  |  |
|  |  |  | Three Months Ended March 31, |  |
Derivatives Not Designated as Hedging Instruments |  | Location of Gain (Loss) Recognized in Income on Derivative |  | 2021 |  | 2020 |  |  |  |
Foreign currency exchange contracts |  | Other (expense) income |  | $ | — |  |  | $ | 1,943 |  |  |  |  |

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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + 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 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + 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=121590274&loc=SL5624163-113959 + Details
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