Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instrument Detail [Abstract]

Fair Value of Cash Flow Derivative Instruments

The 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	2019		2018		Location	2019		2018
Derivatives designated in cash flow hedging relationships:
Interest rate contracts	Other assets, non-current	$	1,601	$	1,510	Other long-term obligations	$	22,398	$	2,888

Effect of Derivatives on Consolidated Statements of Income

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

		Year Ended December 31,
(in thousands)	Location	2019			2018			2017
Derivatives designated in fair value hedging relationships:
Interest rate contracts
Realized gain (loss) on interest rate contracts1	Interest expense	$	—		$	(191	)	$	413
Loss on hedged debt basis adjustment included in debt extinguishment			(165	)		—			—
		$	(165	)	$	(191	)	$	413
Derivatives designated in cash flow hedging relationships:
Interest rate contracts
Loss recognized in other comprehensive income, net of tax		$	(19,824	)	$	(3,062	)	$	(145	)
Loss reclassified from accumulated other comprehensive loss1	Interest expense	$	(1,384	)	$	(647	)	$	(149	)
Derivatives not designated as hedging instruments:
Lumber price contracts
Realized gain on lumber price swap	Gain on lumber price swap	$	—		$	—		$	1,088
Interest expense, net		$	30,361		$	35,227		$	27,049

^{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.}