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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

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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- References

No definition available.

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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

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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

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