Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Summary of Derivative Instruments [Abstract]

Summary Of The Effect Of Derivative Instruments On The Consolidated Statements Of Changes In Equity And Income

Below is a summary of the effect of derivative instruments on the consolidated statements of changes in equity and income for the three months ended March 31, 2022 and 2021.

Effect of Derivative Instruments on the Consolidated Statements of Changes in Equity and Comprehensive Income for the Three Months Ended March 31, 2022 and 2021 (Dollars in thousands)

	Three Months Ended March 31,
Description	2022		2021
Cash Flow Hedges
Interest Rate Swaps
Amount of Gain Recognized in AOCI on Derivative	$	825	$	259
Amount of Expense Reclassified from AOCI into Earnings (1)	(76)		(2,033)
Cross-Currency Swaps
Amount of Loss Recognized in AOCI on Derivative	(26)		(93)
Amount of Expense Reclassified from AOCI into Earnings (2)	(54)		(49)
Net Investment Hedges
Cross-Currency Swaps
Amount of Loss Recognized in AOCI on Derivative	(3,019)		(1,786)
Amount of Income Recognized in Earnings (2) (3)	99		102
Total
Amount of Loss Recognized in AOCI on Derivatives	$	(2,220)	$	(1,620)
Amount of Expense Reclassified from AOCI into Earnings	(130)		(2,082)
Amount of Income Recognized in Earnings	99		102
Interest expense, net in accompanying consolidated statements of income (loss) and comprehensive income	$	33,260	$	39,194
Other income in accompanying consolidated statements of income (loss) and comprehensive income	$	9,305	$	678

(1) Included in "Interest expense, net" in the accompanying consolidated statements of income (loss) and comprehensive income for the three months ended March 31, 2022 and 2021.

(2) Included in "Other income" in the accompanying consolidated statements of income (loss) and comprehensive income for the three months ended March 31, 2022 and 2021.

(3) Amounts represent derivative gains excluded from the effectiveness testing.