Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

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 September 30, 2021 and December 31, 2020 on our condensed consolidated balance sheets are as follows (in thousands):

	September 30,		December 31,
	2021		2020
Liabilities
Accrued expenses and other current liabilities	$	11,853	$	15,989

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 loss and in earnings are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Beginning balance	$	12,651	$	17,881	$	15,989	$	9,238
Loss (gain) recognized in other comprehensive loss	(264)		(72)		(2,548)		9,212
Amounts reclassified from other comprehensive loss to earnings	(499)		(501)		(1,483)		(1,068)
Net loss (gain) recognized in other comprehensive loss	(763)		(573)		(4,031)		8,144
Gain recognized in earnings	(35)		(36)		(105)		(110)
Ending balance	$	11,853	$	17,272	$	11,853	$	17,272