Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2020

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 on our Consolidated Balance Sheets, were as follows:

	March 31, 2020		December 31, 2019
Derivatives not designated as hedging instruments:
Current assets:
Cross currency swaps	$	802	$	—
Total derivative instrument assets	$	802	$	—

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 for the three months ended March 31, 2020 and 2019 were as follows:

	(Loss) Gain Recognized in Comprehensive Income (Effective Portion)				Income Statement Location	Gain Reclassified from AOCI to Income (Effective Portion)				Total Consolidated Interest Expense
	2020		2019			2020		2019		2020		2019
Cash flow hedge
Interest rate swaps	$	—	$	(1,212)	Interest expense	$	—	$	1,212
Net investment hedge
Cross currency swaps	—		3,821		N/A	—		—
Total	$	—	$	2,609		$	—	$	1,212	$	(36,110)	$	(54,653)

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 March 31,	2020		2019
Unrealized Gain
Cross currency and interest rate swaps	$	802	$	6,576
	802		6,576
Realized Loss
Cross currency and interest rate swaps	—		(1,393)
	—		(1,393)
Total Gain
Cross currency and interest rate swaps	802		5,183
Gain on derivatives, net	$	802	$	5,183