Derivative Instruments and Hedging Strategies (Tables)

12 Months Ended

Dec. 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 as of December 31 were as follows (in thousands):

	2021				2020
	Derivative Asset		Derivative Liability		Derivative Asset		Derivative Liability
Derivatives designated as hedging instruments:
Interest rate swap agreements (cash flow hedges)	$	—	$	1,831	$	—	$	3,698
		—		1,831		—		3,698
Derivatives not designated as hedging instruments:
Forward Exchange Contract		—		—		—		893
Conversion option liability on Convertible Senior Notes		—		—		—		2
	$	—	$	—	$	—	$	895

Effect of Derivative Instruments on Other Comprehensive Income (Loss)

The following tables reflect amounts recorded in Other Comprehensive Income (Loss) (“OCI”) and amounts reclassified from OCI to revenue and expense for the periods indicated:

	Gains (Losses) Recognized in OCI on Derivatives (Effective Portion)
Derivatives in Cash Flow Hedging Relationships	2021			2020			2019
Interest rate swap contracts	$	219		$	(2,139	)	$	(1,901	)
Joint venture interest rate swap contracts		(588	)		(156	)		(645	)
	Losses Reclassified from OCI into Income (Effective Portion)
Location of Loss	2021			2020			2019
Interest expense	$	1,648		$	1,425		$	552

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 years ended December 31 as follows (in thousands):

	Derivative gains (losses), net
	2021		2020			2019
Conversion option liability on Convertible Senior Notes	$	2	$	5,203		$	71
Forward currency exchange, option and future contracts		390		(893	)		—
	$	392	$	4,310		$	71