DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2021

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 consolidated balance sheets (in thousands):

	Fair value - Derivatives in liability position
Derivative	Balance Sheet Caption	December 31, 2021		December 31, 2020
Interest rate caps designated as cash flow hedges	Accrued expenses and other current liabilities	$	601	$	—
Interest rate swaps designated as cash flow hedges	Accrued expenses and other current liabilities	—		11,172
Interest rate swaps not designated as hedges	Accrued expenses and other current liabilities	—		170
Total derivatives		$	601	$	11,342

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 consolidated statements of comprehensive income (loss) (in thousands):

	Years Ended December 31,
Derivative	2021		2020		2019
Interest rate caps designated as cash flow hedges	$	(601)	$	—	$	(1,103)
Interest rate swaps designated as cash flow hedges	11,172		(7,723)		(7,195)
Interest rate swaps that discontinued hedge accounting	—		3,746		—
Total	$	10,571	$	(3,977)	$	(8,298)

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

		Year Ended December 31,
Derivative	Income Statement Caption	2021		2020		2019
Interest rate caps designated as cash flow hedges	Interest expense	$	(239)	$	—	$	(125)
Interest rate swaps designated as cash flow hedges	Interest expense	(11,298)		(12,799)		(115)
Interest rate swaps not designated as hedges	Interest expense	(2)		(34)		(92)
Interest rate swaps that discontinued hedge accounting	Interest expense	—		(3,746)		—
Total		$	(11,539)	$	(16,579)	$	(332)