Derivatives (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of effect of derivative instruments on consolidated financial position

(in thousands)	September 30, 2021		December 31, 2020
Interest rate swaps designated as cash flow hedging instruments
Accrued liabilities	$	1,502	$	4,810
Other liabilities		—		1,527
Total derivatives designated as cash flow hedging instruments		1,502		6,337
Interest rate swaps not designated as hedging instruments
Accrued liabilities		1,079		—
Total derivative liabilities	$	2,581	$	6,337

Schedule of effect of derivative instruments on results of operations

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2021		2020		2021		2020
Total amount of interest expense in which the effects of cash flow hedges and undesignated interest rate swaps are recorded	$	25,508	$	25,221	$	82,711	$	80,664
Interest rate swaps designated as cash flow hedging instruments
Pre-tax loss recognized in other comprehensive income (loss)	$	(581)	$	(87)	$	(670)	$	(8,399)
Pre-tax loss reclassified from accumulated other comprehensive loss into interest expense		(1,867)		(1,271)		(4,440)		(2,594)
Interest rate swaps not designated as hedging instruments
Gain recognized in interest expense	$	532	$	—	$	532	$	—