DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2021

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of outstanding interest rate swaps

The following interest rate swaps were outstanding at December 31, 2021:

	Notional
(In thousands)	Amount		2021 Balance Sheet Location	Fair Value
Cash Flow Hedges:
Fixed to 1-month floating LIBOR (with floor)	$	500,000	Other long-term liabilities	$	(12,813)

Our interest rate swap agreements mature on July 31, 2023.  

The following interest rate swaps were outstanding at December 31, 2020:

	Notional
(In thousands)	Amount		2020 Balance Sheet Location	Fair Value
Cash Flow Hedges:
Fixed to 1-month floating LIBOR (with floor)	$	705,000	Accrued expense	$	(6,297)
Fixed to 1-month floating LIBOR (with floor)	$	500,000	Other long-term liabilities		(22,958)
Total Fair Values				$	(29,255)

Schedule of gains and losses on cash flow hedge transactions

	Year Ended December 31,
(In thousands)	2021		2020		2019
Unrealized gain (loss) recognized in AOCI, pretax	$	1,174	$	(18,398)	$	(26,013)
Deferred loss reclassified from AOCI to interest expense	$	(13,964)	$	(15,683)	$	(1,108)