DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Amount and Location of Derivatives in the Balance Sheet

The following table summarizes the amount and location of the Company’s derivative instruments in the condensed consolidated balance sheets (in thousands):

	Fair value - Derivatives in liability position
Derivative	Balance Sheet Caption	September 30, 2020		December 31, 2019
Interest rate swaps designated as cash flow hedges	Accrued expenses and other current liabilities	$	15,229	$	1,275
Interest rate swaps not designated as cash flow hedges	Accrued expenses and other current liabilities	2,117		—
Interest rate swaps designated as cash flow hedges	Other non-current liabilities	—		5,920
Interest rate swaps not designated as cash flow hedges	Other non-current liabilities	—		90
Total derivatives		$	17,346	$	7,285

Schedule of Pre-tax Income (Loss) Recognized in the Statements of Comprehensive Income (Loss)

The following table presents the pre-tax gains (losses) from derivative instruments recognized in other comprehensive (loss) income in the Company’s unaudited condensed consolidated statements of comprehensive income (loss) (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Derivative	2020		2019		2020		2019
Interest rate caps designated as cash flow hedges	$	—	$	(398)	$	—	$	(1,103)
Interest rate swaps designated as cash flow hedges	4,022		(7,883)		(11,780)		(7,883)
Interest rate swaps that discontinued hedge accounting	—		—		3,746		—
	$	4,022	$	(8,281)	$	(8,034)	$	(8,986)

The following table presents the amount and location of pre-tax income (loss) recognized in the Company’s unaudited condensed consolidated statement of comprehensive income (loss) related to the Company’s derivative instruments (in thousands):

		Three Months Ended September 30,				Nine Months Ended September 30,
Derivative	Income Statement Caption	2020		2019		2020		2019
Interest rate caps designated as cash flow hedges	Interest expense	$	—	$	269	$	—	$	(125)
Interest rate swaps designated as cash flow hedges	Interest expense	(4,152)		129		(8,604)		129
Interest rate swaps not designated as hedges	Interest expense	(41)		(118)		(32)		(118)
Interest rate swaps that discontinued hedge accounting	Interest expense	—		—		(3,746)		—
		$	(4,193)	$	280	$	(12,382)	$	(114)