Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule Of Long-Term Debt

Long-term debt consisted of the following (in thousands):

	December 31,
	2019		2018
Term Loan at interest rates ranging from 5.24%-6.0% in 2019 and 4.93%-5.92% in 2018	$	653,850	$	777,150
Line of Credit at interest rates ranging from 5.65%-8.00% in 2019 and 4.93%-8.00% in 2018	—		29,900
Total Principal Debt Outstanding	653,850		807,050
Less: Term Loan Debt Issuance Costs	17,553		21,013
Less: Current Portion	—		7,850
Total Long-Term Debt, net	$	636,297	$	778,187

Schedule of Financing Receivables, Minimum Payments [Table Text Block]

	2020		2021		2022		2023		2024		Thereafter
Minimum principal payments	$	—	$	—	$	—	$	—	$	653,850	$	—

Schedule of Derivative Assets at Fair Value [Table Text Block]

The aggregate net fair value of the interest rate swap and cross currency swap as of December 31, 2019 are summarized in the table below:

	Significant Other Observable Inputs
	Level 2
Derivative asset	$	476
Derivative liabilities	$	(9,168	)

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The aggregate net fair value of the interest rate swap and cross currency swap as of December 31, 2019 are summarized in the table below:

	Significant Other Observable Inputs
	Level 2
Derivative asset	$	476
Derivative liabilities	$	(9,168	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The amount of gain (loss) recognized in other comprehensive (loss) income ("OCI") and reclassified from accumulated other comprehensive (loss) income ("AOCI") to income are summarized below:

	Twelve Months Ended
	December 31, 2019			December 31, 2018
Amount of gain (loss) recognized in OCI	$	(8,580	)	$	(2,000	)
Amount of gain (loss) reclassified from AOCI into income	$	(1,583	)	$	(1,600	)
The realized loss was reclassified from OCI to interest expense as interest expense was accrued on the swap during the twelve months ended December 31, 2019 and December 31, 2018. At December 31, 2019, amounts expected to be reclassified from AOCI into interest expense in the next 12 months is a loss of $4.0 million.
The Company recorded a long term deferred tax asset of $2.1 million and $0.5 million on our balance sheet as of December 31, 2019 and December 31, 2018, respectively.