Derivative Financial Instruments

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments

Cash Flow Hedges

As of December 31, 2021, we had settled our interest rate swaps, which had been designated as cash flow hedges. There were no cash flow hedges as of September 30, 2022. The changes in fair value of the interest rate swaps designated as cash flow hedges and the amounts recognized in accumulated other comprehensive loss and in earnings were as follows during the three and nine months ended September 30, 2022 and 2021 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Beginning balance	$	—	$	12,651	$	—	$	15,989
Loss (gain) recognized in other comprehensive loss	—		(264)		—		(2,548)
Amounts reclassified from other comprehensive loss to earnings	—		(499)		—		(1,483)
Net loss (gain) recognized in other comprehensive loss	—		(763)		—		(4,031)
Gain recognized in earnings	—		(35)		—		(105)
Ending balance	$	—	$	11,853	$	—	$	11,853

Embedded EPP Derivatives in Sales Contracts

For information on embedded EPP Derivatives in sales contracts, see Part II, Item 8, Note 8 - Derivative Financial Instruments in our Annual Report on form 10-K for the fiscal year ended December 31, 2021.