Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts, Weighted-Average Fixed Rates, And Terms Associated With The Company's Interest Rate Swaps

Outstanding Interest Rate Derivatives Associated with Vault Cash Rental Obligations

North America – Interest Rate Swap Contracts

Notional Amounts U.S. $		Weighted Average Fixed Rate	Term
(In millions)
$	1,500	1.69%	April 1, 2020 – December 31, 2020
$	1,200	1.46%	January 1, 2021 – December 31, 2021
$	1,000	1.17%	January 1, 2022 – December 31, 2022
$	600	0.98%	January 1, 2023 – December 31, 2024

Notional Amounts CAD $		Weighted Average Fixed Rate	Term
(In millions)
$	125	2.46%	April 1, 2020 – December 31, 2021

North America – Interest Rate Cap Contracts

Notional Amounts U.S. $		Cap Rate (1)	Term
(In millions)
$	200	3.25%	January 1, 2021 – December 31, 2023

(1) Maximum amount of interest to be paid each year as per terms of cap. Cost of cap is amortized through vault cash rental expense over term of cap.

Europe & Africa – Interest Rate Swap Contracts

Notional Amounts		Weighted Average
U.K. £		Fixed Rate	Term
(In millions)
£	500	0.94%	April 1, 2020 – December 31, 2022

Australia & New Zealand – Interest Rate Swap Contracts

Notional Amounts AUS $		Weighted Average Fixed Rate	Term
(In millions)
$	140	1.59%	April 1, 2020 – December 31, 2020
$	40	0.71%	January 1, 2021 – December 31, 2021

Outstanding Interest Rate Derivatives Associated with Revolving Credit Facility Borrowings

Notional Amounts U.K. £		Weighted Average Fixed Rate		Term
(In millions)
£	50	0.95	%	April 1, 2020 – December 31, 2020
£	100	0.64	%	January 4, 2021 – December 31, 2021

Schedule Of Derivatives, Location In Consolidated Balance Sheets

Balance Sheet Data 

	March 31, 2020			December 31, 2019
Asset (Liability) Derivative Instruments	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
		(In thousands)			(In thousands)
Derivatives designated as hedging instruments:
Interest rate swap and cap contracts	Prepaid expenses, deferred costs, and other current assets	$	—	Prepaid expenses, deferred costs, and other current assets	$	1,872
Interest rate swap and cap contracts	Prepaid expenses, deferred costs, and other noncurrent assets	—		Prepaid expenses, deferred costs, and other noncurrent assets	8,766
Interest rate swap and cap contracts	Current portion of other long-term liabilities	(24,417)		Current portion of other long-term liabilities	(7,697)
Interest rate swap and cap contracts	Other long-term liabilities	(34,084)		Other long-term liabilities	(9,723)
Total derivatives designated as hedging instruments, net		$	(58,501)		$	(6,782)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Prepaid expenses, deferred costs, and other current assets	2,603			—
Foreign currency forward contracts	Current portion of other long-term liabilities	—		Current portion of other long-term liabilities	(7,868)
Total derivative instruments, net		$	(55,898)		$	(14,650)

The following table show the impact of our cash flow hedge accounting relationships on the statement of operations for the three months ended March 31, 2020:

	Location and Amount of Loss Recognized in Income on Cash Flow Hedging Relationships in the Three Months Ended
	March 31, 2020				March 31, 2019
	(In thousands)
	Cost of ATM Operating Revenues		Interest Expense, net		Cost of ATM Operating Revenues
Total amount of expense presented in the statements of operations in which the effects of cash flow hedges are recorded	$	193,665	$	6,421	$	206,158
Amount of (loss) gain reclassified from accumulated other comprehensive income into income	(2,619)		(43)		338

Effects Of The Derivative Contracts On Consolidated Statements Of Operations

Statements of Operations Data

	Three Months Ended March 31,
Derivatives in Cash Flow Hedging Relationship	Amount of Loss Recognized in Accumulated Other Comprehensive Loss on Derivative Instruments				Location of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of (Loss) Gain Reclassified from Accumulated Other Comprehensive Loss into Income
	2020		2019			2020		2019
	(In thousands)					(In thousands)
Interest rate swap contracts	$	(42,294)	$	(12,109)	Cost of ATM operating revenues	$	(2,619)	$	338
Interest rate swap contracts	(210)		(312)		Interest expense, net	(43)		(56)
Total	$	(42,504)	$	(12,421)		$	(2,662)	$	282