Derivative Instruments and Hedging Strategies (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Assets and Liabilities

The fair values of the Company’s derivative instruments were as follows (in thousands):

	March 31, 2021				December 31, 2020
	Derivative Asset		Derivative Liability		Derivative Asset		Derivative Liability
Derivatives designated as hedging instruments:
Interest rate swap agreements (cash flow hedges)	$	—	$	3,156	$	—	$	3,698
		—		3,156		—		3,698
Derivatives not designated as hedging instruments:
Forward Exchange Contract							893
Conversion option liability on Convertible Senior Notes		—		37		—		2
	$	—	$	3,193	$	—	$	895

Schedule of Gains (Losses) on Derivative Instruments not Designated as Hedging Instruments

The Company recognized gains (losses) on derivative instruments not designated as hedging instruments for the three months ended March 31, 2021 and March 31, 2020 as follows (in thousands):

	Three Months Ended March 31,
	2021			2020
Conversion option liability on Convertible Senior Notes	$	(35	)	$	5,114
Forward currency exchange, option, and future contracts		390			—
	$	355		$	5,114