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DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2021

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						September 30, 2021						December 31, 2020
Interest rate swaps			Accrued expenses						409						504
			Other Long-Term Liabilities						410						1,034
Foreign exchange contracts			Prepaid expenses and other current assets						582						—
			Other Assets						86						—

Derivatives not designated as hedging instruments

Balance Sheet Location

September 30, 2021

December 31, 2020

Interest rate swaps

Other Long-Term Liabilities

1,077

1,742

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

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

			Three Months Ended September 30,												Nine Months Ended September 30,
Derivatives designated as hedging instruments			2021						2020						2021						2020
Interest rate swaps			$	147					$	216					$	540					$	(2,669)
Foreign exchange contracts			845						—						515						109
			$	992					$	216					$	1,055					$	(2,560)

Derivatives Not Designated as Hedging Instruments

Interest and mark to market gains (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 September 30,												Nine Months Ended September 30,
Derivatives not designated as hedging instruments			Location of gain (loss)						2021						2020						2021						2020
Interest rate swaps			Mark to market gain (loss) on interest rate derivatives						$	120					$	99					$	664					$	(2,316)
			Interest expense						(116)						(111)						(342)						(213)
									$	4					$	(12)					$	322					$	(2,529)

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

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