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DERIVATIVES (Tables)
6 Months Ended
Jun. 30, 2022
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 instrumentsBalance Sheet LocationJune 30, 2022December 31, 2021
Interest rate swapsPrepaid expenses and other current assets$64 $— 
Accrued expenses— 288 
Other long-term liabilities— 292 
Foreign exchange contractsPrepaid expenses and other current assets1,563 461 

Derivatives not designated as hedging instrumentsBalance Sheet LocationJune 30, 2022December 31, 2021
Interest rate swapsOther assets$674 $— 
Other long-term liabilities— 680 
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 (loss) income, net of taxes, as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
Derivatives designated as hedging instruments2022202120222021
Interest rate swaps$200 $171 $483 $393 
Foreign exchange contracts750 65 1,075 (330)
$950 $236 $1,558 $63 
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
June 30,
Six Months Ended
June 30,
Derivatives not designated as hedging instrumentsLocation of gain (loss)2022202120222021
Interest rate swaps
Mark to market gain on interest rate derivatives
$304 $46 $1,353 $544 
Interest expense(72)(115)(183)(226)
$232 $(69)$1,170 $318