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Note 9 - Interest Rate Swaps (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Schedule of Derivative Instruments [Table Text Block]

Entry

Effective

Maturity

Notional

Settlement

Settlement

Fixed

Date

Date

Date(1)

Amount

Type

Frequency

Base Rate

Swap A

3/7/2019

3/11/2019

3/11/2029

$

850,000

Receive one-month LIBOR, pay fixed

Monthly

2.653%

Swap B

3/6/2019

6/15/2020

2/28/2029

350,000

Receive one-month LIBOR, pay fixed

Monthly

2.739%

Total

$

1,200,000

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

		September 30, 2022				December 31, 2021
Assets:
Current portion:
Prepaid and other current assets		$	18,994			$	-
Noncurrent portion:
Other noncurrent assets		$	54,305			$	-
Liabilities:
Current portion:
Accounts payable and accrued liabilities		$	-			$	26,662
Noncurrent portion:
Interest rate swap liability		$	-			$	81,627
Net Asset (Liability)		$	73,299			$	(108,289	)
Stockholders’ Equity:
Accumulated other comprehensive income (loss)		$	55,388			$	(81,873	)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2021				2022				2021
Interest expense		$	1,463			$	7,920			$	14,873			$	23,371
Unrealized gain (loss) on cash flow hedges, gross		$	62,517			$	12,867			$	181,588			$	65,436
Less: Tax effect			(15,269	)			(3,364	)			(44,327	)			(16,494	)
Unrealized gain (loss) on cash flow hedges, net of tax		$	47,248			$	9,503			$	137,261			$	48,942

X

- 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.

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