Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value Derivatives

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

	December 31,
	2020		2019
Assets
Prepaid expenses and other current assets	$	—	$	3
	$	—	$	3
Liabilities
Accrued expenses and other current liabilities	$	15,989	$	782
Derivative liabilities	—		8,459
	$	15,989	$	9,241

Schedule of 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 income (loss) and in earnings are as follows (in thousands):

	Years ended December 31,
	2020		2019
Beginning balance	$	9,238	$	3,548
Loss recognized in other comprehensive loss	8,465		6,131
Amounts reclassified from other comprehensive loss to earnings	(1,569)		(216)
Net loss recognized in other comprehensive loss	6,896		5,915
Gain recognized in earnings	(145)		(225)
Ending balance	$	15,989	$	9,238