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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following is a summary of our interest rate swaps that were designated as cash flow hedges of interest rate risk as of December 31, 2021 and 2020 (notional amounts in thousands):
20212020
Count
Notional amount$930,000 $1,042,000 
Fixed LIBOR
1.3% - 2.9%
1.3% - 2.9%
Maturity date
2022 - 2025
2021 - 2025
Weighted-average term (in years)1.92.8
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The table below details the nature of the gain and loss recognized on interest rate derivatives designated as cash flow hedges in the consolidated statements of operations for the years ended December 31, 2021, 2020, and 2019 (in thousands):
  202120202019
Amount of gain (loss) recognized in Other Comprehensive Income (Loss)
$12,501 $(50,552)$(35,865)
Amount of loss reclassified from AOCI into Interest Expense, Net
19,499 16,732 2,409