Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instrument Detail [Abstract]

Gross Fair Value of Cash Flow Derivative Instruments

The gross fair values of our cash flow derivative instruments on our Consolidated Balance Sheets as of December 31 are as follows:

		Asset Derivatives					Liability Derivatives
(in thousands)	Location	2021		2020		Location	2021		2020
Derivatives designated in cash flow hedging relationships:
Interest rate contracts	Other assets, current1	$	2,191	$	63	Accounts payable and accrued liabilities1	$	—	$	1,010
Interest rate contracts	Other assets, non-current		31,306		18,466	Other long-term obligations		24,060		45,100
		$	33,497	$	18,529		$	24,060	$	46,110

1 Derivative instruments that mature within one year, as a whole, are classified as current.

Effect of Derivatives on Consolidated Statements of Operations

The following table details the effect of derivatives on our Consolidated Statements of Operations:

		Year Ended December 31,
(in thousands)	Location	2021			2020			2019
Derivatives designated in cash flow hedging relationships:
Interest rate contracts
Income (loss) recognized in other comprehensive income (loss), net of tax		$	26,206		$	(14,632	)	$	(19,824	)
Amounts reclassified from accumulated other comprehensive loss, net of tax1	Interest expense	$	(9,106	)	$	(7,451	)	$	(1,384	)
Interest expense, net		$	29,275		$	29,463		$	30,361

1 Realized gains and losses on interest rate contracts consist of net cash received or paid and interest accruals on the interest rate swaps during the periods. Net cash received or paid is included in the supplemental cash flow information within interest, net of amounts capitalized in the Consolidated Statements of Cash Flows.