XML 124 R29.htm IDEA: XBRL DOCUMENT v3.22.2
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The Company’s interest rate swaps as of June 30, 2022 consisted of the following (in thousands):
ExecutionMaturityDesignationNotional Amount
October 2019September 2026Not designated$2,800,000 
Schedule of Derivative Liabilities at Fair Value
Fair Value of Interest Rate Swaps:
Balance Sheet Classification (in thousands)
June 30, 2022December 31, 2021
Assets
Prepaid expenses and other current assets$24,220 $— 
Other assets$62,006 $— 
Liabilities
Accrued expenses and other current liabilities$— $50,360 
Other liabilities$— $67,976 
Schedule of Unrealized Gain (Loss) on Interest Rate Swaps
Three Months Ended June 30,Six Months Ended June 30,
Statement of Operations Classification (in thousands)
2022202120222021
Interest expense, net$59,273 $(14,460)$204,562 $92,057 
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified out of AOCI associated with previously designated cash flow hedges were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)
2022202120222021
Reclassifications to interest expense$8,647 $15,027 $23,267 $30,443 
Reclassifications to income tax benefit$(2,086)$(3,656)$(5,614)$(7,406)