Derivative financial instruments (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Effects of Derivative Instruments on Condensed Consolidated Statements of Comprehensive Loss and Condensed Consolidated Statements of Operations Operations

The following tables present the effect of our interest rate swaps, net of tax, in the Condensed Consolidated Statements of Comprehensive Loss and Condensed Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020 ($ in thousands):

	2021		2020
AOCI from our cash flow hedges as of January 1	$	26,369	$	20,164
Change in fair value	—		16,956
Reclassification from AOCI to interest expense	(2,894)		(1,908)
OCI related to our cash flow hedges for the three months ended March 31	(2,894)		15,048
AOCI from our cash flow hedges as of March 31	$	23,475	$	35,212

________

(1) As of March 31, 2021, the total amount expected to be reclassified from AOCI to interest expense during the next twelve months is $11.7 million.

Derivative Liabilities for Ineffective Hedges	Financial Statement Classification	Three Months Ended March 31,
		2021		2020
Interest rate swaps (1)	Interest expense	$	2,811	$	8,729

________

(1) Includes the change in fair value of our interest rate swaps and the cash interest paid for the monthly settlements of the derivative.

Schedule of Location and Fair Value of Derivative Instruments in Condensed Consolidated Balance Sheet

The following tables present the effect of our interest rate swaps in the Condensed Consolidated Balance Sheet as of March 31, 2021 and December 31, 2020 ($ in thousands):

Derivative Liabilities for Ineffective Hedges	Financial Statement Classification	As of March 31,		As of December 31,
		2021		2020
Interest rate swaps	Derivative financial instruments	$	40,811	$	46,340