XML 132 R99.htm IDEA: XBRL DOCUMENT v3.22.1
Derivative Instruments and Hedging Activities - Gain (Loss) for Derivative Instruments Not Designated or Qualifying as Hedging Instruments (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Foreign Currency Transaction Gain (Loss), Unrealized $ 16,656 $ (16,194) $ (2,805)
Unrealized gains (losses) 42,652 (16,467) (3,133)
Realized and unrealized gain (loss) on non-designated 
derivative instruments (note 13) 8,523 (33,334) (13,361)
Foreign Currency Transaction Gain (Loss), before Tax, Total $ 8,612 (21,356) (9,640)
Gain (Loss) for Derivative Instruments Not Designated or Qualifying as Hedging Instruments The effect of the gain (loss) on these derivatives on the Company’s consolidated statements of income is as follows:
 
Year Ended December 31,
 
2021
$
2020
$
2019
$
Realized gains (losses)Unrealized gains (losses)TotalRealized gains (losses)Unrealized gains (losses)TotalRealized gains (losses)Unrealized gains (losses)Total
Interest rate swap
   agreements		(16,117)42,65226,535(16,626)(16,669)(33,295)(10,081)(2,891)(12,972)
Interest rate swap
   agreements
   termination		(18,012)—(18,012)——————
Foreign currency
   forward contracts		———(241)202(39)(147)(202)(349)
Toledo Spirit time-
   charter derivative 		———————(40)(40)
(34,129)42,6528,523(16,867)(16,467)(33,334)(10,228)(3,133)(13,361)
The effect of the gain (loss) on these derivatives on the Company's consolidated statements of income is as follows:
 
Year Ended December 31,
 
2021
$
2020
$
2019
$
Realized
gains
(losses)
Unrealized
gains
(losses)
Total
Realized
gains
(losses)
Unrealized
gains
(losses)
Total
Realized
gains
(losses)
Unrealized
gains
(losses)
Total
Cross currency swap
   agreements 		(5,294)4,705(589)(6,588)26,83220,244(5,061)(13,239)(18,300)
Cross currency swap
   agreements maturity
   and termination		(2,470)—(2,470)(33,844)—(33,844)———
(7,764)4,705(3,059)(40,432)26,832(13,600)(5,061)(13,239)(18,300)
    
Gain (Loss) on Derivative Instruments      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Realized gains (losses) $ (34,129) (16,867) (10,228)
Realized and unrealized gain (loss) on non-designated 
derivative instruments (note 13) 8,523 (33,334) (13,361)
Derivative Instruments Not Designated As Hedging Instruments Unrealized Gain (Loss) Net 42,652 (16,467) (3,133)
Foreign currency gain (loss)      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Foreign Currency Transaction Gain (Loss), Realized (7,764) (40,432) (5,061)
Foreign Currency Transaction Gain (Loss), Unrealized 4,705 26,832 (13,239)
Foreign Currency Transaction Gain (Loss), before Tax, Total (3,059) (13,600) (18,300)
Interest rate swap agreements | Gain (Loss) on Derivative Instruments      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Realized gains (losses) (16,117) (16,626) (10,081)
Realized and unrealized gain (loss) on non-designated 
derivative instruments (note 13) 26,535 (33,295) (12,972)
Derivative Instruments Not Designated As Hedging Instruments Unrealized Gain (Loss) Net 42,652 (16,669) (2,891)
Interest rate swap agreements termination | Gain (Loss) on Derivative Instruments      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Realized gains (losses) (18,012) 0 0
Realized and unrealized gain (loss) on non-designated 
derivative instruments (note 13) (18,012) 0 0
Derivative Instruments Not Designated As Hedging Instruments Unrealized Gain (Loss) Net 0 0 0
Foreign currency forward contracts | Gain (Loss) on Derivative Instruments      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Realized gains (losses) 0 (241) (147)
Realized and unrealized gain (loss) on non-designated 
derivative instruments (note 13) 0 (39) (349)
Derivative Instruments Not Designated As Hedging Instruments Unrealized Gain (Loss) Net 0 202 (202)
Cross currency swap agreements | Gain (Loss) on Derivative Instruments      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Realized gains (losses) 0 0 0
Realized and unrealized gain (loss) on non-designated 
derivative instruments (note 13) 0 0 (40)
Derivative Instruments Not Designated As Hedging Instruments Unrealized Gain (Loss) Net 0 0 (40)
Cross-Currency Interest Rate Contract | Foreign currency gain (loss)      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Foreign Currency Transaction Gain (Loss), Realized (5,294) (6,588) (5,061)
Foreign Currency Transaction Gain (Loss), Unrealized 4,705 26,832 (13,239)
Foreign Currency Transaction Gain (Loss), before Tax, Total (589) 20,244 (18,300)
Cross Currency Swap Agreement Terminaton | Foreign currency gain (loss)      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Foreign Currency Transaction Gain (Loss), Realized (2,470) (33,844) 0
Foreign Currency Transaction Gain (Loss), Unrealized 0 0 0
Foreign Currency Transaction Gain (Loss), before Tax, Total $ (2,470) $ (33,844) $ 0