Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instrument Detail [Abstract]

Fair Values of Derivative Instruments

The following table presents the gross fair values of derivative instruments on our Condensed Consolidated Balance Sheets:

		Asset Derivatives					Liability Derivatives
(in thousands)	Location	March 31, 2019		December 31, 2018		Location	March 31, 2019		December 31, 2018
Derivatives designated in cash flow hedging relationships:
Interest rate contracts	Other assets, non-current	$	955	$	1,510	Other long-term obligations	$	11,210	$	2,888

Effect of Derivatives on Condensed Consolidated Statements of Income

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

		Three Months Ended March 31,
(in thousands)	Location	2019			2018
Derivatives designated in fair value hedging relationships:
Interest rate contracts
Realized loss on interest rate contracts1	Interest expense	$	(18	)	$	(36	)
Loss on hedged debt basis adjustment included in debt extinguishment			(165	)		-
		$	(183	)	$	(36	)
Derivatives designated in cash flow hedging relationships:
Interest rate contracts
Loss recognized in other comprehensive (loss) income, net of tax		$	(8,594	)	$	(992	)
Loss reclassified from accumulated other comprehensive (loss) income1	Interest expense	$	(81	)	$	(2	)
Interest expense, net		$	5,464		$	5,660

¹ Realized gain (loss) on hedging instruments consist of net cash settlements and interest accruals on interest rate swaps during the periods. Net cash settlements are included in the supplemental cash flow information within interest, net of amounts capitalized in the Condensed Consolidated Statements of Cash Flows.