Derivative and Hedging (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Derivative balances are presented as follows in our consolidated balance sheet:

(in thousands)	December 31, 2020		December 31, 2019
Balance sheet location of derivative financial instruments:
Prepaid expenses and other	$	—	$	1,382
Deferred charges and other assets	—		1,252
Accrued liabilities and other	4,048		—
Total derivatives designated as hedging instruments	$	4,048	$	2,634

Schedule of Accumulated Other Comprehensive Income (Loss)

The table below summarizes changes in accumulated other comprehensive income (loss) by component:

(in thousands)	Gains (Losses) on Cash Flow Hedges		Income Tax (Expense) Benefit		Accumulated Other Comprehensive Income (Loss), net of taxes
Balance as of December 31, 2019	$	2,634	$	(2,326)	$	308
Net change in unrealized (loss) gain	(8,444)		2,806		(5,638)
Amounts reclassified from accumulated other comprehensive income (loss) to interest expense	1,762		(1,138)		624
Net current period other comprehensive (loss) income	(6,682)		1,668		(5,014)
Balance as of December 31, 2020	$	(4,048)	$	(658)	$	(4,706)