Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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%	October 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%	October 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 the cap. The cost of the cap will be amortized through vault cash rental expense over term of the cap.

Europe & Africa – Interest Rate Swap Contracts

Notional Amounts		Weighted Average
U.K. £		Fixed Rate	Term
(In millions)
£	550	0.94%	October 1, 2020 – December 31, 2020
£	500	0.94%	January 1, 2021 – December 31, 2022

Australia & New Zealand – Interest Rate Swap Contracts

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

Interest Rate Derivatives Associated with Variable Rate Debt

North America – Interest Rate Cap Contracts

Notional Amounts U.S. $		Cap Rate (1)	Term
(In millions)
$	250	1.00%	October 1, 2020 – December 31, 2025

(1) Maximum amount of interest to be paid each year as per terms of the cap. The cost of the cap will be amortized through interest expense over term of the cap.

On July 30, 2020, the Company executed $250.0 million aggregate notional amount interest rate cap contracts that began August 1, 2020 and terminate December 31, 2025. These interest rate cap contracts have a cap rate of 1% and have been designated as cash flow hedges of the floating rate interest associated with the Company’s Term Loan. See Note 9. Current and Long-Term Debt.

Schedule Of Derivatives, Location In Consolidated Balance Sheets and Statement of Operations

Balance Sheet Data 

Asset (Liability) Derivative Instruments	Balance Sheet Location	Fair Value
		September 30, 2020		December 31, 2019
		(In thousands)
Derivatives designated as hedging instruments:
Interest rate swap and cap contracts	Prepaid expenses, deferred costs, and other current assets	$	—	$	1,872
Interest rate swap and cap contracts	Prepaid expenses, deferred costs, and other noncurrent assets	—		8,766
Interest rate swap and cap contracts	Current portion of other long-term liabilities	(24,737)		(7,697)
Interest rate swap and cap contracts	Other long-term liabilities	(33,973)		(9,723)
Total derivatives designated as hedging instruments, net		$	(58,710)	$	(6,782)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Current portion of other long-term liabilities	—		(7,868)
Total derivative instruments, net		$	(58,710)	$	(14,650)

The following tables show the impact of the Company's cash flow hedge accounting relationships on the Consolidated Statement of Operations for the three and nine months ended September 30, 2020 and 2019.

	Location and Amount of Loss Recognized in Income on Cash Flow Hedging Relationships in the Three Months Ended
	September 30, 2020				September 30, 2019
	(In thousands)
	Cost of ATM Operating Revenues		Interest Expense, net		Cost of ATM Operating Revenues		Interest Expense, net
Total amount of expense presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	165,265	$	11,132	$	208,860	$	6,751
Amount of loss reclassified from Accumulated other comprehensive loss into expense	$	8,620	$	—	668		59

	Location and Amount of Loss Recognized in Income on Cash Flow Hedging Relationships in the Nine Months Ended
	September 30, 2020				September 30, 2019
	(In thousands)
	Cost of ATM Operating Revenues		Interest Expense, net		Cost of ATM Operating Revenues		Interest Expense, net
Total amount of expense presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	510,014	$	26,362	$	623,099	$	20,265
Amount of loss reclassified from Accumulated other comprehensive loss into expense	$	18,562	43		210		172

Effects Of The Derivative Contracts On Consolidated Statements Of Operations

Statements of Operations Data

	Three Months Ended September 30
Derivatives in Cash Flow Hedging Relationship	Amount of Loss Recognized in Accumulated Other Comprehensive Loss on Derivative Instruments				Location of Loss Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of Loss Reclassified from Accumulated Other Comprehensive Loss into Income
	2020		2019			2020		2019
	(In thousands)					(In thousands)
Interest rate swap and cap contracts	$	(5,072)	$	(3,406)	Cost of ATM operating revenues	$	(8,620)	$	(668)
Interest rate swap and cap contracts	—		(119)		Interest expense, net	—		(59)
Total	$	(5,072)	$	(3,525)		$	(8,620)	$	(727)

	Nine Months Ended September 30
Derivatives in Cash Flow Hedging Relationship	Amount of Loss Recognized in Accumulated Other Comprehensive Loss on Derivative Instruments				Location of Loss Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of Loss Reclassified from Accumulated Other Comprehensive Loss into Income
	2020		2019			2020		2019
	(In thousands)					(In thousands)
Interest rate swap and cap contracts	$	(57,929)	$	(28,989)	Cost of ATM operating revenues	$	(18,562)	$	(210)
Interest rate swap and cap contracts	(210)		(500)		Interest expense, net	(43)		(172)
Total	$	(58,139)	$	(29,489)		$	(18,605)	$	(382)