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Derivative Financial Instruments | 3 Months Ended
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Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | Derivative Financial Instruments Foreign Currency Exchange Rate Risk We are exposed to foreign currency risk to the extent that we enter into transactions denominated in currencies other than one of our subsidiaries' respective functional currencies (non-functional currency risk), such as affiliation agreements, programming contracts, certain accounts payable and trade receivables (including intercompany amounts) that are denominated in a currency other than the applicable functional currency. The fair values of the Company's derivative financial instruments included in the condensed consolidated balance sheets are as follows:
(In thousands) | Balance Sheet Location |  | March 31, 2023 |  | December 31, 2022
Derivatives not designated as hedging instruments: |  |  |  |  |
Assets: |  |  |  |  |
Foreign currency derivatives | Prepaid expenses and other current assets |  | $ | 216 |  |  | $ | 141 |
Foreign currency derivatives | Other assets |  | 3,738 |  |  | 395 |
Liabilities: |  |  |  |  |
Foreign currency derivatives | Accrued liabilities |  | $ | 3,301 |  |  | $ | 3,663 |
Foreign currency derivatives | Current portion of program rights obligations |  | 195 |  |  | 82 |
Foreign currency derivatives | Other liabilities |  | 3,434 |  |  | 5,220 |
The amounts of gains and losses related to the Company's derivative financial instruments not designated as hedging instruments are as follows:
(In thousands) | Location of Gain or (Loss) Recognized in Earnings on Derivatives |  |  |  |  |  | Amount of Gain or (Loss) Recognized in Earnings on Derivatives
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2023 |  | 2022
Foreign currency derivatives | Miscellaneous, net |  |  |  |  |  | $ | 4,905 |  |  | $ | (227) |

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI https://asc.fasb.org/topic&trid=2229140 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 5 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126731327&loc=d3e90205-114008 + Details
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