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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 3 Months Ended
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Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Impact of Derivative Financial Instrument on Condensed Consolidated Statement of Operations | The impact of the Company’s derivative financial instrument on its condensed consolidated statements of comprehensive loss for the three months ended March 31, 2022 and 2021 was as follows (in thousands):
|  |  | Three months ended
|  |  |  |  | March 31, 2022 |  | March 31, 2021
Gain recognized in other comprehensive income (loss) on derivative (effective portion) |  |  |  |  | $ | 14,713 |  |  | $ | 5,889 |
Amount reclassified from accumulated other comprehensive income to interest expense (effective portion) |  |  |  |  | 756 |  |  | 780 |
|  |  |  |  | $ | 15,469 |  |  | $ | 6,669 |
Derivative Liability Designed as a Hedging Instrument | The fair values and locations in the condensed consolidated balance sheets at March 31, 2022 and December 31, 2021 of the Company's derivative assets (liabilities) designated as a hedging instrument were as follows (in thousands):
| Balance sheet location |  | March 31, 2022 |  | December 31, 2021
Interest rate derivative - asset derivative | Other current assets |  | $ | 2,695 |  |  | $ | — |
Interest rate derivative - asset derivative | Other assets |  | 14,585 |  |  | 3,865 |
Interest rate derivative - liability derivative | Accrued expenses and other |  | — |  |  | (2,054) |
|  |  | $ | 17,280 |  |  | $ | 1,811 |

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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 http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + 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 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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