Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 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	June 30, 2019		December 31, 2018		Location	June 30, 2019		December 31, 2018
Derivatives designated in cash flow hedging relationships:
Interest rate contracts	Other assets, non-current	$	113	$	1,510	Other long-term obligations	$	21,333	$	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 June 30,						Six Months Ended June 30,
(in thousands)	Location	2019			2018			2019			2018
Derivatives designated in fair value hedging relationships:
Interest rate contracts
Realized loss on interest rate contracts1	Interest expense	$	—		$	(50	)	$	(18	)	$	(86	)
Loss on hedged debt basis adjustment included in debt extinguishment			—			—			(165	)		—
		$	—		$	(50	)	$	(183	)	$	(86	)
Derivatives designated in cash flow hedging relationships:
Interest rate contracts
(Loss) income recognized in other comprehensive income, net of tax		$	(10,598	)	$	1,056		$	(19,192	)	$	64
Loss reclassified from accumulated other comprehensive income1	Interest expense	$	(181	)	$	(193	)	$	(262	)	$	(195	)
Interest expense, net		$	7,882		$	9,356		$	13,346		$	15,016

¹ Realized gain (loss) on hedging instruments consist of net cash settlements and interest accruals on interest rate swaps during the periods.