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DERIVATIVE INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Amount and Location of Derivatives in the Balance Sheet
The following table summarizes the amount and location of the Company’s derivative instruments in the condensed consolidated balance sheets (in thousands):
 
 
Fair value - Derivatives in asset position
Derivative
 
Balance Sheet Caption
 
September 30, 2019
 
December 31, 2018
Interest rate caps designated as cash flow hedges
 
Prepaids and other current assets
 
$

 
$
2,627

Total derivatives
 
 
 
$

 
$
2,627

 
 
Fair value - Derivatives in liability position
Derivative
 
Balance Sheet Caption
 
September 30, 2019
 
December 31, 2018
Interest rate swaps designated as cash flow hedges
 
Other non-current liabilities
 
$
7,883

 
$

Interest rate swaps not designated as hedges
 
Other non-current liabilities
 
120

 

Total derivatives
 
 
 
$
8,003

 
$

Schedule of Pre-tax Income (Loss) Recognized in the Statements of Comprehensive Income (Loss)
The following table presents the pre-tax gains (losses) from derivative instruments recognized in other comprehensive (loss) income in the Company’s condensed consolidated statements of comprehensive income (loss) (in thousands):
 
Three months ended September 30,
 
Nine months ended September 30,
Derivative
2019
 
2018
 
2019
 
2018
Interest rate caps designated as cash flow hedges
$
(398
)
 
$
221

 
$
(1,103
)
 
$
2,165

Interest rate swaps designated as cash flow hedges
(7,883
)
 

 
(7,883
)
 

 
$
(8,281
)
 
$
221

 
$
(8,986
)
 
$
2,165

The following table presents the amount and location of pre-tax income (loss) recognized in the Company’s condensed consolidated statement of comprehensive income (loss) related to the Company’s derivative instruments (in thousands):
 
 
 
 
Three months ended September 30,
 
Nine months ended September 30,
Derivative
 
Income Statement Caption
 
2019
 
2018
 
2019
 
2018
Interest rate caps designated as cash flow hedges
 
Interest expense
 
$
269

 
$
89

 
$
(125
)
 
$
158

Interest rate swaps designated as cash flow hedges
 
Interest expense
 
129

 

 
129

 

Interest rate swaps not designated as hedges
 
Interest expense
 
(118
)
 

 
(118
)
 

 
 
 
 
$
280

 
$
89

 
$
(114
)
 
$
158