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DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 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 consolidated balance sheets are presented as follows (in thousands):

									December 31,
Derivatives designated as hedging instruments			Balance Sheet Location						2020						2019
Interest rate swaps			Prepaid expenses						$	—					$	427
			Other assets						—						1,267
			Accrued expenses						504						—
			Other Long-Term Liabilities						1,034						—
Foreign exchange contracts			Accrued expenses						—						180

									December 31,
Derivatives not designated as hedging instruments			Balance Sheet Location						2020						2019
Interest rate swaps			Other assets						$	—					$	402
			Other Long-Term Liabilities						1,742						—

Gains and Losses Related to Derivative Financial Instruments Not Designated as Hedging Instruments

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

			Year ended December 31,
Derivatives designated as hedging instruments			2020						2019						2018
Interest rate swaps			$	(2,406)					$	1,120					$	161
Foreign exchange contracts			117						(117)						—
Total			$	(2,289)					$	1,003					$	161

Derivatives Not Designated as Hedging Instruments

The amounts of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are recognized in earnings as follows (in thousands):

									Year Ended December 31,
Derivatives not designated as hedging instruments			Location of Gain or (Loss)						2020						2019						2018
Interest rate swaps			Mark to market gain (loss) on interest rate derivatives						$	(2,144)					$	402					$	—
			Interest expense						(327)						5						—
									$	(2,471)					$	407					$	—
Foreign exchange contracts			Selling, general & administrative expense						$	—					$	—					$	150

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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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
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4CC
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL109998890-113959

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