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DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Financial Instruments Included in Unaudited Condensed Consolidated Balance Sheets

The fair values of the Company’s derivative financial instruments included in the condensed consolidated balance sheets are presented as follows (in thousands):

Derivatives designated as hedging instruments			Balance Sheet Location						June 30, 2020						December 31, 2019
Interest rate swaps			Prepaid expenses						$	—					$	427
			Other assets						—						1,267
			Accrued expenses						711						—
			Other Long-Term Liabilities						1,425						—
Foreign exchange contracts			Prepaid expenses						—						180

Derivatives not designated as hedging instruments			Balance Sheet Location						June 30, 2020						December 31, 2019
Interest rate swaps			Other assets						$	—					$	402
			Other Long-Term Liabilities						2,013						—

Gains and Losses Related to Derivative Financial Instruments Designated as Hedging Instruments

The amounts of gains and losses related to the Company’s derivative financial instruments designated as hedging instruments are recognized in other comprehensive loss, net of taxes, as follows (in thousands):

			Three Months Ended June 30,																		Six Months Ended June 30,
Derivatives designated as hedging instruments			2020						2019						2020						2019
Interest rate swaps			$	209					$	748					$	(2,885)					$	1,224
Foreign exchange contracts			(108)						234						109						354
			$	101					$	982					$	(2,776)					$	1,578

Derivatives Not Designated as Hedging Instruments

Interest and mark to market losses related to the Company’s derivative financial instruments not designated as hedging instruments that were recognized in earnings are as follows (in thousands):

									Three Months Ended June 30,																		Six Months Ended June 30,
Derivatives not designated as hedging instruments			Location of gain (loss)						2020						2019						2020						2019
Interest rate swaps			Mark to market (loss) gain on interest rate derivatives						$	(164)					350						$	(2,415)					350
			Interest expense						(87)						—						(102)						—
									$	(251)					$	350					$	(2,517)					$	350

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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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 (e)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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-Publisher FASB
-Name Accounting Standards Codification
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