Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instrument Detail [Abstract]

Effect of Derivatives on Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income

The following table details the effect of derivatives on the Condensed Consolidated Statements of Operations and the Condensed Consolidated Statements of Comprehensive Income:

		Three Months Ended June 30,					Six Months Ended June 30,
(in thousands)	Location	2023		2022			2023		2022
Derivatives designated in cash flow hedging relationships:
Interest rate contracts
Income recognized in other comprehensive income (loss), net of tax		$	22,337	$	41,178		$	8,746	$	82,508
Amounts reclassified from accumulated other comprehensive income (loss), net of tax1	Interest expense, net	$	4,618	$	(1,351	)	$	8,362	$	(3,297	)
Interest expense, net		$	7,613	$	7,419		$	7,812	$	10,313

1 Realized gains and losses on interest rate contracts consist of realized net cash received or paid and interest accruals on the interest rate swaps during the periods in addition to amortization of amounts out of other comprehensive (loss) income related to certain terminated hedges and adjustments to interest expense resulting from amortization of inception value of certain off-market designated hedges. Net cash received or paid is included within Interest expense, net in the Condensed Consolidated Statements of Operations.