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Derivative Instruments and hedging activities (Tables)
12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of December 31, 2022, the Company had the following outstanding interest rate swap derivatives that were designated as cash flow hedges of interest rate risk:
Number of Instruments
Notional amount
Interest Rate Swaps7$350.0
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of the Company’s derivative financial instruments designated as hedges as well as their classification on the balance sheet.
Fair Value of Asset Derivatives
Fair Value of Liability Derivatives
 
December 31,December 31
Balance Sheet Location20222021
Balance Sheet Location
20222021
Interest Rate SwapsOther Current Assets$8.5 $— Other Current Liabilities$— $4.5 
Other Assets$— $— Other Liabilities$— $1.6 
Derivative Instruments, Gain (Loss)
The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income (loss):
Cumulative Amount of Gain/(Loss)
Recognized in OCI on Derivatives
Location of Loss Reclassified from Accumulated OCI(L) into Income (Loss)
Amount of Loss Reclassified from Accumulated OCI(L) into Income (Loss)
December 31,Year Ended December 31,
2022202120222021
Interest Rate Swaps$8.5 $(6.1)Interest expense$(0.1)$(5.8)