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DERIVATIVE INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Not Designated as Hedging Instruments - Table
The fair values of derivative assets and liabilities not designated as hedging instruments as of September 30, 2021 and December 31, 2020 are as follows:

(in thousands)Balance Sheet LocationSeptember 30,
2021
December 31,
2020
Assets:
Foreign exchange forward contractsPrepaid expenses and other current assets$106 $— 
     Total Assets$106 $— 
Liabilities:
Sinclair Performance WarrantsNaming rights liabilities$87,964 $88,119 
Sinclair OptionsNaming rights liabilities— 58,198 
     Total Liabilities$87,964 $146,317 
Derivative Instruments, Gain (Loss)
The gains (losses) recognized in the condensed consolidated statement of operations for derivatives not designated as hedging instruments during the three and nine months ended September 30, 2021 are as follows:
Condensed Consolidated Statements of Operations LocationSeptember 30, 2021
(in thousands)Three months endedNine months ended
Foreign exchange forward contractsOther, net$(6,003)$(20,776)
Sinclair Performance WarrantsChange in value of naming rights liabilities 6,965 155 
Sinclair OptionsChange in value of naming rights liabilities— (1,526)