XML 43 R31.htm IDEA: XBRL DOCUMENT v3.22.2
Derivatives (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivative Instruments
The following table summarizes the terms and fair value of our outstanding derivative financial instruments as of June 30, 2022:
Derivative AssetsDerivative Liabilities
Notional AmountMaturity DateClassificationFair ValueClassificationFair Value
Cash flow hedges
Interest rate swaps$400,000 March 2027Other assets$3,736 Other liabilities$— 
Economic (non-designated) hedges
Foreign currency contracts$61,077 July 2022Other current assets$Other current liabilities$227 
The following table summarizes the terms and fair value of our outstanding derivative financial instruments as of December 31, 2021:
Derivative AssetsDerivative Liabilities
Notional AmountMaturity DateClassificationFair ValueClassificationFair Value
Economic (non-designated) hedges
Foreign currency contracts$9,700 January 2022Other current assets$81 Other current liabilities$— 
Schedule Of Cash Flow Hedges Included In Accumulated Other Comprehensive Income (Loss)
The following table summarizes the effect of cash flow hedge accounting on our consolidated statements of operations for the three and six months ended June 30, 2022:
Amount of Gain Recognized in Other Comprehensive Income (Loss)Location of Loss Reclassified from Accumulated Other Comprehensive Loss into IncomeTotal Amount of Expense Line Items Presented in the Consolidated Statement of Operations in Which the Effects are RecordedAmount of Loss Reclassified from Accumulated Other Comprehensive Loss into Income
Three months ended June 30, 2022Six months ended June 30, 2022Three months ended June 30, 2022Six months ended June 30, 2022Three months ended June 30, 2022Six months ended June 30, 2022
Interest rate swaps$2,044 $2,044 Interest expense, net$(35,839)$(47,858)$(1,692)$(1,692)
The following table summarizes the effect of cash flow hedge accounting on our consolidated statements of operations for the three and six months ended June 30, 2021:
Amount of Gain Recognized in Other Comprehensive Income (Loss)Location of Loss Reclassified from Accumulated Other Comprehensive Loss into IncomeTotal Amount of Expense Line Items Presented in the Consolidated Statement of Operations in Which the Effects are RecordedAmount of Loss Reclassified from Accumulated Other Comprehensive Loss into Income
Three months ended June 30, 2021Six months ended June 30, 2021Three months ended June 30, 2021Six months ended June 30, 2021Three months ended June 30, 2021Six months ended June 30, 2021
Interest rate swaps$— $2,426 Loss on extinguishment of debt$— $(40,433)$— $(25,518)
The amount of ineffectiveness associated with these contracts was immaterial for the periods presented.