Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Derivatives

The fair values of the derivatives designated as cash flow hedges as of June 30, 2020 and December 31, 2019 on our condensed consolidated balance sheets were as follows (in thousands):

	June 30, 2020		December 31, 2019
Assets
Prepaid expenses and other current assets	$	—	$	3
	$	—	$	3
Liabilities
Accrued expenses and other current liabilities	$	2,098	$	782
Derivative liabilities	15,783		8,459
	$	17,881	$	9,241

Changes in Fair Value of Derivative Contracts

The changes in fair value of the derivative contracts designated as cash flow hedges and the amounts recognized in accumulated other comprehensive loss and in earnings were as follows (in thousands):

	Three Months Ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Beginning balance	$	17,415	$	5,692	$	9,238	$	3,548
Loss recognized in other comprehensive loss	928		3,460		9,284		5,590
Amounts reclassified from other comprehensive loss to earnings	(425)		42		(567)		103
Net loss recognized in other comprehensive loss	503		3,502		8,717		5,693
Gain recognized in earnings	(37)		(48)		(74)		(95)
Ending balance	$	17,881	$	9,146	$	17,881	$	9,146