DERIVATIVE CONTRACTS AND COLLATERALIZED INDEBTEDNESS (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following represents the location of the assets and liabilities associated with the Company's derivative instruments within the consolidated balance sheets:

Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	Fair Value at
		September 30, 2021		December 31, 2020
Asset Derivatives:
Interest rate swap contracts	Derivative contracts, short-term	$	3,555	$	5,132
Prepaid forward contracts	Derivative contracts, short-term	—		45,653
Interest rate swap contracts	Derivative contracts, long-term	—		4,774
		3,555		55,559
Liability Derivatives:
Prepaid forward contracts	Other current liabilities	—		(45,653)
Interest rate swap contracts	Other current liabilities	(6,756)		—
Prepaid forward contracts	Liabilities under derivative contracts, long-term	(356,873)		(247,853)
Interest rate swap contracts	Liabilities under derivative contracts, long-term	(161,373)		(275,297)
		$	(525,002)	$	(568,803)

Location of Assets and Liabilities Associated With Derivative Instruments Within the Condensed Consolidated Balance Sheets

The following table presents certain consolidated statement of operations data related to our derivative contracts and the underlying common stock:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Gain (loss) on derivative contracts related to change in the value of equity derivative contracts related to Comcast common stock	$	43,385	$	(261,597)	$	(109,020)	$	26,203
Change in the fair value of Comcast common stock included in gain (loss) on investments	(46,821)		312,714		151,632		55,412
Gain (loss) on interest rate swap contracts, net of a gain of $74,835 recorded in the nine months 2020 period in connection with the early termination of the swap agreements discussed below	5,521		(158)		59,600		(88,725)

In March 2020, the Company terminated two swap agreements whereby the Company was paying a floating rate of interest and receiving a fixed rate of interest on an aggregate notional value of $1,500,000. These contracts were due to mature in May 2026. In connection with the early termination, the Company received cash of $74,835 which has been recorded in gain (loss) on interest swap contracts, net in our consolidated statement of operations and presented in operating activities in our consolidated statement of cash flows.

In addition, in March 2020, the Company executed amendments to two interest swap contracts that reduced the fixed rate of interest that the Company was paying on an aggregate notional value of $1,000,000 and extended the maturity date of the contracts to January 15, 2025 from January 15, 2022.

Schedule of Collateralized Debt Settlement

The following is a summary of interest rate swap contracts outstanding at September 30, 2021:

Trade Date	Maturity Date	Notional Amount		Company Pays	Company Receives
December 2018	January 2025	$	500,000	Fixed rate of 1.53%	Three-month LIBOR
December 2018	January 2022	500,000		Fixed rate of 2.733%	Three-month LIBOR
December 2018	January 2025	500,000		Fixed rate of 1.625%	Three-month LIBOR
December 2018	December 2026	750,000		Fixed rate of 2.9155%	Three-month LIBOR
December 2018	December 2026	750,000		Fixed rate of 2.9025%	Three-month LIBOR
March 2020	January 2025	500,000		Fixed rate of 1.458%	Three-month LIBOR
March 2020	January 2022	500,000		Three-month LIBOR	Fixed rate of 2.733%