Derivatives (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following interest rate swaps, entered into to offset changes in expected cash flows due to fluctuations in the associated variable interest rates, were outstanding at December 31, 2019 (in millions):

Expiration Date	Notional Value
May 2020	$	100
March 2022	300
	$	400

Effect of derivative instruments on consolidated financial position

The following table presents the effect of our derivative instruments designated as cash flow hedging instruments on our consolidated balance sheets (in thousands):

	December 31,
	2019			2018
Other current assets	$	12		$	3,185
Other assets	—			4,122
Total derivative assets	$	12		$	7,307
Accrued liabilities	$	(593	)	$	—
Other liabilities	(1,175		)	—
Total derivative liabilities	$	(1,768	)	$	—

Effect of derivative instruments on results of operations

The following tables present the effect of our derivative instruments designated as cash flow hedging instruments on our consolidated statements of operations (in thousands):

	Year Ended December 31,
	2019			2018		2017
Pre-tax gain (loss) recognized in other comprehensive income (loss)	$	(6,785	)	$	3,512	$	5,553
Pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense	2,278			617		(3,209		)

	Year Ended December 31, 2019
Total amount of interest expense in which the effects of cash flow hedges are recorded	$	104,681
Pre-tax gain reclassified from accumulated other comprehensive income into interest expense	2,278