Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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 September 30, 2020 and December 31, 2019 on our condensed consolidated balance sheets were as follows (in thousands):

	September 30, 2020		December 31, 2019
Assets
Prepaid expenses and other current assets	$	—	$	3
	$	—	$	3
Liabilities
Accrued expenses and other current liabilities	$	2,075	$	782
Derivative liabilities	15,197		8,459
	$	17,272	$	9,241

Changes in Fair Value of Cash Flow Hedge 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 September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Beginning balance	$	17,881	$	9,146	$	9,238	$	3,548
(Gain) loss recognized in other comprehensive income/loss	(72)		2,472		9,212		8,062
Amounts reclassified from other comprehensive loss to earnings	(501)		(28)		(1,068)		75
Net (gain) loss recognized in other comprehensive income/loss	(573)		2,444		8,144		8,137
Gain recognized in earnings	(36)		(48)		(110)		(143)
Ending balance	$	17,272	$	11,542	$	17,272	$	11,542