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Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivatives Held | The fair values of derivative instruments held as of June 30, 2021 and December 31, 2020 are shown below:
| Balance sheet location |  | June 30, 2021 |  | December 31, 2020
Derivative assets: |  |  |  |  |
Derivatives designated as cash flow hedges: |  |  |  |  |
Interest rate caps | Other long-term assets |  | $ | 227 |  |  | $ | — |
Total derivative assets |  |  | $ | 227 |  |  | $ | — |
Derivative liabilities: |  |  |  |  |
Derivatives designated as cash flow hedges: |  |  |  |  |
Interest rate caps | Accrued liabilities |  | $ | 1,950 |  |  | $ | 1,954 |
Interest rate caps | Other long-term liabilities |  | 536 |  |  | 1,750 |
Total derivative liabilities |  |  | $ | 2,486 |  |  | $ | 3,704 |
Effect of Derivative Instruments Designated as Hedges on Other Comprehensive Income | The following tables show the effect of the Company’s derivative instruments designated as cash flow hedges on AOCI for the three and six months ended June 30, 2021 and 2020:
|  |  |  | Three months ended June 30,
|  |  |  | 2021 |  | 2020
|  | Location of gain (loss) reclassified from AOCI into income |  | Amount of gain (loss) recognized in OCI on derivatives |  | Amount of gain (loss) reclassified from AOCI into income |  | Amount of gain (loss) recognized in OCI on derivatives |  | Amount of gain (loss) reclassified from AOCI into income
Interest rate caps |  | Interest (expense) income |  | $ | 479 |  |  | $ | (70) |  |  | $ | (325) |  |  | $ | (293) |
|  |  |  | Six months ended June 30,
|  |  |  | 2021 |  | 2020
|  | Location of gain (loss) reclassified from AOCI into income |  | Amount of gain (loss) recognized in OCI on derivatives |  | Amount of gain (loss) reclassified from AOCI into income |  | Amount of gain (loss) recognized in OCI on derivatives |  | Amount of gain (loss) reclassified from AOCI into income
Interest rate caps |  | Interest (expense) income |  | $ | 1,391 |  |  | $ | (179) |  |  | $ | (920) |  |  | $ | (524) |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following tables show the effect of the Company’s cash flow hedge accounting on the condensed consolidated statements of income for the three and six months ended June 30, 2021 and 2020:
|  | Location and amount of gain (loss) recognized in income on cash flow hedging relationships
|  | Three months ended June 30,
|  | 2021 |  | 2020
|  | Cost of goods sold |  | Interest (expense) income |  | Cost of goods sold |  | Interest (expense) income
Total amounts of income and expense line items presented in the statement of income in which the effects of cash flow hedges are recorded |  | $ | (108,479) |  |  | $ | (8,741) |  |  | $ | (80,768) |  |  | $ | (15,136) |
The effects of cash flow hedging: |  |  |  |  |  |  |  |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |  |  |
Interest contracts: |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income |  | — |  |  | (70) |  |  | — |  |  | (293) |
|  | Location and amount of gain (loss) recognized in income on cash flow hedging relationships
|  | Six months ended June 30,
|  | 2021 |  | 2020
|  | Cost of goods sold |  | Interest (expense) income |  | Cost of goods sold |  | Interest (expense) income
Total amounts of income and expense line items presented in the statement of income in which the effects of cash flow hedges are recorded |  | (204,984) |  |  | (19,197) |  |  | (168,618) |  |  | (30,434) |
The effects of cash flow hedging: |  |  |  |  |  |  |  |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |  |  |
Interest contracts: |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income |  | — |  |  | (179) |  |  | — |  |  | (524) |
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) | The following tables show the effect of the Company’s net investment hedges on AOCI and the condensed consolidated statements of income for the three and six months ended June 30, 2021 and 2020:
| Amount of gain (loss) recognized in OCI on derivative |  | Location of gain (loss) reclassified from AOCI into income |  | Amount of gain (loss) reclassified from AOCI into income |  | Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) |  | Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing)
| Three months ended June 30, |  |  | Three months ended September 30, |  |  | Three months ended September 30,
| 2021 | 2020 |  |  | 2021 | 2020 |  |  | 2021 | 2020
Cross-currency interest rate swaps | $ | — |  | $ | (5,206) |  |  | Gain (loss) on sale of subsidiary |  | $ | — |  | $ | — |  |  | Interest (expense) income |  | $ | — |  | $ | 1,552 |
| Amount of pre-tax gain (loss) recognized in OCI on derivative |  | Location of gain (loss) reclassified from AOCI into income |  | Amount of gain (loss) reclassified from AOCI into income |  | Location of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing) |  | Amount of gain (loss) recognized in income on derivative (amount excluded from effectiveness testing)
| Six months ended June 30, |  |  | Six months ended June 30, |  |  | Six months ended June 30,
| 2021 | 2020 |  |  | 2021 | 2020 |  |  | 2021 | 2020
Cross-currency interest rate swaps | $ | 9,787 |  | $ | 9,603 |  |  | Net income from discontinued operations (1) |  | $ | — |  | $ | — |  |  | Interest (expense) income |  | $ | 545 |  | $ | 3,244 |
(1)Includes the gain (loss) on the sale of the underlying subsidiary.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: 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 + Details
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