Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value of derivatives instruments

The reported fair values of our derivatives, which are classified in Prepaid expenses and other current assets and Derivative instruments on our Consolidated Balance Sheets, were as follows:

	September 30, 2019		December 31, 2018
Derivatives designated as hedging instruments:
Long-term assets:
Net investment cross currency swaps	$	—	$	3,259
Derivatives not designated as hedging instruments:
Current assets:
Cross currency swaps	295		—
Current liabilities:
Cross currency swaps	11		4,021
Long-term liabilities:
Cross currency and interest rate swaps	—		6,656
Total derivative instrument assets	$	295	$	3,259
Total derivative instrument liabilities	$	11	$	10,677

Summary of unrealized gain (loss) recorded in and reclassified from accumulated comprehensive income (loss)

The table below shows the total recorded unrealized (loss) gain in Comprehensive income for the derivatives designated as hedging instruments. The impact of these derivative instruments on Comprehensive income, Interest expense and AOCI were as follows:

For the three months ended September 30:

	(Loss) Gain Recognized in Comprehensive Income (Effective Portion)					Income Statement Location	Gain Reclassified from AOCI to Income (Effective Portion)				Total Consolidated Interest Expense
	2019		2018				2019		2018		2019			2018
Cash flow hedge
Interest rate swaps	$	—	$	(1,938	)	Interest expense	$	—	$	950
Net investment hedge
Cross currency swaps	—		1,378			N/A	—		—
Total	$	—	$	(560	)		$	—	$	950	$	(40,319	)	$	(58,319	)

For the nine months ended September 30:

	(Loss) Gain Recognized in Comprehensive Income (Effective Portion)					Income Statement Location	Gain Reclassified from AOCI to Income (Effective Portion)				Total Consolidated Interest Expense
	2019			2018			2019		2018		2019			2018
Cash flow hedge
Interest rate swaps	$	(11,818	)	$	7,307	Interest expense	$	11,818	$	912
Net investment hedge
Cross currency swaps	3,868			4,469		N/A	—		—
Total	$	(7,950	)	$	11,776		$	11,818	$	912	$	(136,438	)	$	(181,746	)

Components of the reported gain (loss) on derivatives not designated as hedging instruments

Components of the reported Gain on derivatives not designated as hedging instruments in the Consolidated Statements of Operations were as follows:

	For the three months ended September 30,					For the nine months ended September 30,
	2019		2018			2019		2018
Unrealized Gain (Loss)
Contingent redemption features - Series A Preferred Stock	$	—	$	—		$	—	$	(42,140	)
Cross currency and interest rate swaps	284		33			4,305		4,391
Interest rate swaps	—		36			—		138
	284		69			4,305		(37,611		)
Realized (Loss) Gain
Contingent redemption features - Series A Preferred Stock	—		—			—		140,320
Cross currency and interest rate swaps	—		(213		)	3,794		(10,597		)
	—		(213		)	3,794		129,723
Total Gain (Loss)
Contingent redemption features - Series A Preferred Stock	—		—			—		98,180
Cross currency and interest rate swaps	284		(180		)	8,099		(6,206		)
Interest rate swaps	—		36			—		138
Gain (loss) on derivatives, net	$	284	$	(144	)	$	8,099	$	92,112