DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2021

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair value of the Company's derivative financial instruments as well as classification on the condensed consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of June 30, 2021 and December 31, 2020 (in thousands):

		Liability Derivatives
		Fair value as of:
Derivatives designated as	Balance Sheet	June 30,		December 31,
hedging instruments	Location	2021		2020
Interest rate products	Accrued liabilities	$	498	$	—
Interest rate products	Other long-term liabilities		388		1,889
Foreign currency contracts	Accrued liabilities		51		—
		$	937	$	1,889

Schedule of effect of cash flow hedge accounting on other comprehensive income (loss) (OCI)

		Liability Derivatives
		Fair value as of:
Derivatives designated as	Balance Sheet	June 30,		December 31,
hedging instruments	Location	2021		2020
Interest rate products	Accrued liabilities	$	498	$	—
Interest rate products	Other long-term liabilities		388		1,889
Foreign currency contracts	Accrued liabilities		51		—
		$	937	$	1,889

Schedule of effect of the Company's derivative financial instruments on the condensed consolidated statements of income and comprehensive income

The table below presents the line items that reflect the effect of the Company’s derivative financial instruments on the condensed consolidated statements of income and comprehensive income for the three and six months ended June 30, 2021 and 2020 (in thousands):

Schedule of fair value provides the location that derivative assets and liabilities

The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented in the condensed consolidated balance sheets (in thousands):

Gross amounts

Net amounts of liabilities

Gross amounts not offset in the consolidated

As of

Gross amounts

offset in the

presented in the

balance sheets

June 30,

of recognized

consolidated

consolidated

Financial

Cash collateral

2021

liabilities

balance sheets

balance sheets

instruments

received

Net amount

Derivatives

$

937

$

—

$

937

$

—

$

—

$

937

Gross amounts

Net amounts of liabilities

Gross amounts not offset in the consolidated

As of

Gross amounts

offset in the

presented in the

balance sheets

December 31,

of recognized

consolidated

consolidated

Financial

Cash collateral

2020

liabilities

balance sheets

balance sheets

instruments

received

Net amount

Derivatives

$

1,889

$

—

$

1,889

$

—

$

—

$

1,889