XML 61 R44.htm IDEA: XBRL DOCUMENT v3.20.4
DERIVATIVE AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments As of December 31, 2020, the Company had the following derivative outstanding, which was designated as a cash flow hedge that qualified for hedge accounting treatment:
Type
Of
Hedge
Notional
Amount
Effective
Date
CollarFixed
LIBOR
Rate
Expiration
Date
Notional
Amount
Decreases
Amount
After
Decrease
(amounts
in millions)
(amounts
in millions)
Cap2.75%Jun. 28, 2021$340.0 
Collar$460.0 Jun. 25, 2019Floor0.402%Jun. 28, 2024Jun. 28, 2022$220.0 
Jun. 28, 2023$90.0 
Total$460.0 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
During the year ended December 31, 2018, the Company had no derivatives that qualified for hedge accounting treatment.
The following table presents the accumulated derivative gain (loss) recorded in other comprehensive income (loss) as of December 31, 2020, and December 31, 2019:
Accumulated Derivative Gain (Loss)
DescriptionDecember 31,
2020
December 31,
2019
(amounts in thousands)
Accumulated derivative unrealized gain (loss)$(1,789)$(139)
The following table presents the accumulated net derivative gain (loss) recorded in other comprehensive income (loss) for the years ended December 31, 2020, 2019 and 2018:
Other Comprehensive Income (Loss)
Net Change in Accumulated Derivative Unrealized Gain (Loss)Net Amount of Accumulated Derivative Gain (Loss) Reclassified to the Consolidated Statement of Operations
Years Ended December 31,
202020192018202020192018
(amounts in thousands)
$(1,650)$(139)$— $663 $— $—