Credit Arrangements and Debt Obligations (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Outstanding Borrowings

Outstanding term loan borrowings were as follows:

	December 31,
	2020		2019
	(In thousands)
Term loans	$	1,034,688	$	1,045,438
Deferred financing costs and original issue discount	(3,801)		(6,639)
Total debt	1,030,887		1,038,799
Less current maturities	(10,750)		(10,750)
Long-term debt	$	1,020,137	$	1,028,049

Future Principal Payments of Long-Term Debt

Future principal payments of long-term debt are as follows for the years ending December 31:

	Term Loans
	(In thousands)
2021	$	10,750
2022	10,750
2023	1,013,188
Total future principal payments	$	1,034,688

Schedule of Interest Rate Derivatives by Balance Sheet

The fair value of the derivative financial instruments was as follows:

		December 31,
Derivative financial instruments	Consolidated balance sheet classification	2020		2019
		(In thousands)
Interest rate swaps - liability	Other current liabilities	$	4,775	$	—
Interest rate swaps - liability	Other long-term liabilities	$	—	$	2,850
Interest rate caps - asset	Other assets	$	277	$	—

Schedule of the Effect of Derivative Financial Instruments on Other Comprehensive Income (Loss)

The effect of the derivative financial instruments on other comprehensive income (loss) was as follows:

Derivatives designated as cash flow hedging instruments	Amount of gain (loss) recognized in other comprehensive income (loss)		Consolidated statement of income classification	Amount of net gain (loss) reclassified into earnings		Total effect on other comprehensive income (loss)
	(In thousands)			(In thousands)
Year ended December 31, 2020
Cash flow hedges	$	(7,608)	Interest expense — net	$	(4,581)	$	(3,027)
Income tax effect	2,031		Income tax expense	1,223		808
Net of income taxes	$	(5,577)		$	(3,358)	$	(2,219)
Year ended December 31, 2019
Cash flow hedges	$	(8,903)	Interest expense — net	$	1,848	$	(10,751)
Income tax effect	2,395		Income tax expense	(497)		2,892
Net of income taxes	$	(6,508)		$	1,351	$	(7,859)
Year ended December 31, 2018
Cash flow hedges	$	4,549	Interest expense — net	$	415	$	4,134
Income tax effect	(1,224)		Income tax expense	(123)		(1,101)
Net of income taxes	$	3,325		$	292	$	3,033