Derivative Instruments (Tables)

12 Months Ended

Dec. 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 years ended December 31, 2022, 2021 and 2020:

Effect of Derivative Instruments on the Consolidated Statements of Changes in Equity and Comprehensive Income (Loss) for the Years Ended December 31, 2022, 2021 and 2020

(Dollars in thousands)

	Year Ended December 31,
Description	2022		2021		2020
Cash Flow Hedges
Interest Rate Swaps
Amount of Gain (Loss) Recognized in AOCI on Derivative	$	1,539	$	(2,944)	$	(11,612)
Amount of Income (Expense) Reclassified from AOCI into Earnings (1)	96		(9,156)		(6,159)
Cross Currency Swaps
Amount of Gain (Loss) Recognized in AOCI on Derivative	1,898		(99)		5
Amount of Income (Expense) Reclassified from AOCI into Earnings (2)	276		(262)		441
Net Investment Hedges
Cross Currency Swaps
Amount of Gain (Loss) Recognized in AOCI on Derivative	665		(518)		(4,664)
Amount of Income Recognized in Earnings (2) (3)	170		367		599
Currency Forward Agreements
Amount of Gain Recognized in AOCI on Derivative	8,686		—		—
Total
Amount of Gain (Loss) Recognized in AOCI on Derivative	$	12,788	$	(3,561)	$	(16,271)
Amount of Income (Expense) Reclassified from AOCI into Earnings	372		(9,418)		(5,718)
Amount of Income Recognized in Earnings	170		367		599
Interest expense, net in accompanying consolidated statements of income (loss) and comprehensive income (loss)	$	131,175	$	148,095	$	157,675
Other income in accompanying consolidated statements of income (loss) and comprehensive income (loss)	$	47,382	$	18,816	$	9,139

(1)    Included in “Interest expense, net” in accompanying consolidated statements of income (loss) and comprehensive income (loss) except for a cash settlement of approximately $3.2 million for the year ended December 31, 2021 which is included in “Costs associated with loan refinancing or payoff” in accompanying consolidated statements of income (loss) and comprehensive income (loss) related to the termination of the interest rate swap agreements.

(2)    Included in "Other income" in the accompanying consolidated statements of income (loss) and comprehensive income (loss).

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