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Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate derivatives
In conjunction with the issuance of ABS notes, the Company canceled the following interest rate swaps that were in place to hedge the impact of interest rate changes on fixed-rate debt issuances:
Derivative InstrumentDate CanceledNotional AmountFunds Received
Interest rate swapJanuary 25, 2021$150.0 million$0.3 million
Interest rate swapJanuary 27, 2021$150.0 million$0.3 million
Interest rate swapFebruary 19, 2021$150.0 million$2.4 million
Interest rate swapFebruary 19, 2021$150.0 million$2.4 million
In conjunction with the redemption of the institutional notes, the Company entered into and subsequently canceled the following interest rate swaps that were in place to hedge the impact of interest rate changes related to the make-whole premium payment during the notification period. The settlement of these swaps is presented in debt termination expense on the consolidated statement of operations and in payments under debt facilities and finance lease obligations within the financing section of the consolidated statement of cash flows.
Derivative InstrumentDate CanceledNotional AmountFunds Received (Paid)
Interest rate swapJune 25, 2021$72.5 million$— million
Interest rate swapJune 25, 2021$195.9 million$(0.9) million

During the nine months ended September 30, 2021, the Company entered into the following hedging instruments:
Derivative InstrumentDate EffectiveNotional AmountFixed Leg (Pay) Interest RateIndexed ToScheduled Maturity
Interest rate capMay 24, 2021$200.0 millionn/a1 month LIBORNovember 13, 2023
Forward starting interest rate swapOctober 29, 2021$150.0 million1.21%1 month LIBOR
October 29, 2031(1)
Forward starting interest rate swapOctober 29, 2021$150.0 million1.21%1 month LIBOR
October 29, 2031(1)
(1) Mandatory termination date of July 29, 2022.

As of September 30, 2021, the Company had interest rate swap and cap agreements in place to fix or limit the floating interest rates on a portion of the borrowings under its debt facilities summarized below:
DerivativesNotional AmountWeighted Average
Fixed Leg (Pay) Interest Rate		Cap RateWeighted Average
Remaining Term
Interest Rate Swap(1)
$1,654.1 Million2.02%n/a4.4 years
Interest Rate Cap$400.0 Millionn/a5.5%2.2 years
(1)     The impact of forward starting swaps will increase total notional amount by $650.0 million and increase the weighted average remaining term to 7.2 years.
Schedule of derivatives instruments and their effect on consolidated statements of operations and consolidated statements of comprehensive income
The following table summarizes the impact of derivative instruments on the consolidated statements of operations and the consolidated statements of comprehensive income on a pretax basis (in thousands):
  Three Months Ended September 30,Nine Months Ended September 30,
Financial statement caption2021202020212020
Non-Designated Derivative Instruments
Realized (gains) lossesOther (income) expense, net$— $— $— $(224)
Realized (gains) lossesDebt termination expense$— $— $883 $— 
Unrealized (gains) lossesOther (income) expense, net$— $— $— $286 
Designated Derivative Instruments
Realized (gains) lossesInterest and debt (income) expense$7,583 $7,834 $22,592 $15,282 
Unrealized (gains) lossesComprehensive (income) loss$(8,176)$(852)$(49,298)$146,386