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Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivatives Held | The fair values of derivative instruments held as of March 31, 2023 and December 31, 2022, respectively are shown below:
| Balance sheet location |  | March 31, 2023 |  | December 31, 2022
Derivative assets |  |  |  |  |
Derivatives designated as cash flow hedges: |  |  |  |  |
Interest rate caps | Prepaid and other current assets |  | $ | 15,996 |  |  | $ | 18,510 |
Interest rate caps | Other long-term assets |  | 10,516 |  |  | 15,864 |
Total derivative assets |  |  | $ | 26,512 |  |  | $ | 34,374 |
Derivative liabilities |  |  |  |  |
Derivatives designated as cash flow hedges: |  |  |  |  |
Interest rate caps | Other long-term liabilities |  | 3,815 |  |  | 2,071 |
Total derivative liabilities |  |  | $ | 3,815 |  |  | $ | 2,071 |
Effect of Derivative Instruments Designated as Hedges on Other Comprehensive Income | The following table shows the effect of the Company’s derivative instruments designated as cash flow hedges on AOCI for the three months ended March 31, 2023 and 2022, respectively:
|  |  |  | Three months ended March 31,
|  |  |  | 2023 |  | 2022
|  | 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 |  | $ | (9,605) |  |  | $ | 698 |  |  | $ | 17,612 |  |  | $ | (683) |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table shows the effect of the Company’s cash flow hedge accounting on the condensed consolidated statements of income for the three months ended March 31, 2023 and 2022, respectively:
|  |  |  | Three months ended March 31,
|  |  |  | 2023 |  |  |  | 2022
Total amounts of income and expense line items presented in the statement of income in which the effects of cash flow hedges are recorded in interest (expense) income |  |  |  | $ | (9,832) |  |  |  |  | $ | (8,450) |
The effects of cash flow hedging: |  |  |  |  |  |  |  |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |  |  |
Interest contracts: |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income |  |  |  | 698 |  |  |  |  | (683) |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + 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 (c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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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 https://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 https://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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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