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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of impact of derivative financial instrument on condensed consolidated statement of operations

The impact of the Company’s derivative financial instrument on its consolidated statement of comprehensive income (loss) for the years ended December 31, 2022 and 2021 was as follows, net of tax (in thousands):

									Year ended December 31,
						2022						2021
Gain recognized in other comprehensive income (loss) on interest rate swap, net of tax									$	22,456					$	9,505
Amount reclassified from accumulated other comprehensive income (loss) to interest expense									(3,135)						3,254
Unrealized gain (loss) on interest rate swap, net of reclassifications and amortization									$	19,321					$	12,759

Schedule of derivative liability designed as a hedging instrument

The fair values and locations in the consolidated balance sheet at December 31, 2022 and 2021 of the Company's derivative assets (liabilities) designated as a hedging instrument were as follows (in thousands):

									December 31,
			Balance sheet location						2022						2021
Interest rate derivative - asset derivative			Other current assets						$	13,212					$	—
Interest rate derivative - asset derivative			Other assets						12,216						3,865
Interest rate derivative - liability derivative			Accrued expenses and other						—						(2,054)
Interest rate derivative - liability derivative			Other long-term liabilities						—						—
									$	25,428					$	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 https://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 https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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