Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instrument Detail [Abstract]

Gross 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, 2021		December 31, 2020		Location	March 31, 2021		December 31, 2020
Derivatives designated in cash flow hedging relationships:
Interest rate contracts	Other assets, current1	$	3,227	$	63	Accounts payable and accrued liabilities1	$	737	$	1,010
Interest rate contracts	Other assets, non-current		64,543		18,466	Other long-term obligations		26,475		45,100
		$	67,770	$	18,529		$	27,212	$	46,110

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

Effect of Derivatives on Condensed Consolidated Statements of Operations

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

		Three Months Ended March 31,
(in thousands)	Location	2021			2020
Derivatives designated in cash flow hedging relationships:
Interest rate contracts
Income (loss) recognized in other comprehensive income (loss), net of tax		$	61,875		$	(39,363	)
Amounts reclassified from accumulated other comprehensive loss, net of tax1	Interest expense	$	(2,232	)	$	(838	)
Interest expense, net		$	3,574		$	3,698

¹ Realized 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 Condensed Consolidated Statements of Cash Flows.