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DERIVATIVES (Tables)

12 Months Ended

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

									December 31,
Derivatives designated as hedging instruments			Balance Sheet Location						2021						2020
Interest rate swaps			Accrued expenses						$	288					$	504
			Other Long-Term Liabilities						292						1,034
Foreign exchange contracts			Prepaid expenses and other current assets						461						—

									December 31,
Derivatives not designated as hedging instruments			Balance Sheet Location						2021						2020
Interest rate swaps			Other Long-Term Liabilities						$	680					$	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 income (loss) as follows (in thousands):

			Year ended December 31,
Derivatives designated as hedging instruments			2021						2020						2019
Interest rate swaps			$	718					$	(2,406)					$	1,120
Foreign exchange contracts			485						117						(117)
Total			$	1,203					$	(2,289)					$	1,003

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)						2021						2020						2019
Interest rate swaps			Mark to market gain (loss) on interest rate derivatives						$	1,062					$	(2,144)					$	402
			Interest expense						(458)						(327)						5
									$	604					$	(2,471)					$	407

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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=125515794&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-Name Accounting Standards Codification
-Topic 815
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-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
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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=125515794&loc=SL5624171-113959

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 4CC
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959

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