Derivatives and Hedging Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

The following table summarizes the fair value of derivative instruments as included in the Company’s consolidated statements of financial condition (in thousands):

	June 30, 2021			December 31, 2020
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate cap contracts	Other assets	$	727	Other assets	$	659
Interest rate swap agreements	Other liabilities	(2,501)		Other liabilities	(5,232)
Cross-currency swap agreements	Other liabilities	(968)		Other assets	11,578

Effects of Derivatives in Cash Flow Hedging Relationships

The following tables summarize the effects of derivatives in cash flow hedging relationships designated as hedging instruments in the Company’s consolidated financial statements (in thousands):

Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI				Location of Gain (Loss) Reclassified from OCI into Income (Loss)	Gain (Loss) Reclassified from OCI into Income (Loss)
	Three Months Ended June 30,					Three Months Ended June 30,
	2021		2020			2021		2020
Foreign currency exchange contracts	$	—	$	48	Salaries and employee benefits	$	—	$	(78)
Foreign currency exchange contracts	—		1		General and administrative expenses	—		(6)
Interest rate swap agreements	(37)		(558)		Interest expense	(2,268)		(2,012)
Interest rate cap contracts	(127)		(735)		Interest expense	(109)		(96)
Cross-currency swap agreements	3,507		—		Interest expense / Other (expense) income	3,665		—

Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI				Location of Gain (Loss) Reclassified from OCI into Income (Loss)	Gain (Loss) Reclassified from OCI into Income (Loss)
	Six Months Ended June 30,					Six Months Ended June 30,
	2021		2020			2021		2020
Foreign currency exchange contracts	$	—	$	(341)	Salaries and employee benefits	$	—	$	49
Foreign currency exchange contracts	—		(44)		General and administrative expenses	—		11
Interest rate swap agreements	(48)		(7,265)		Interest expense	(4,539)		(3,100)
Interest rate cap contracts	68		(2,131)		Interest expense	(216)		(2,638)
Cross-currency swap agreements	(14,822)		—		Interest expense / Other (expense) income	(13,863)		—

The following table summarizes the effects of derivatives in cash flow hedging relationships not designated as hedging instruments in the Company’s consolidated statements of operations (in thousands):

		Amount of Gain (Loss) Recognized in Income (Loss)
		Three Months Ended June 30,				Six Months Ended June 30,
Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivative	2021		2020		2021		2020
Foreign currency exchange contracts	Other income (expense)	$	—	$	2,028	$	—	$	3,971