Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities

Summary of fair value of derivative financial instruments as well as their classification on the consolidated balance sheets

The table below presents the fair value of the Company’s derivatives related to its interest rate swap agreements, which are designated as hedging instruments, as well as their classification in the consolidated balance sheets at June 30, 2022 and December 31, 2021 (in thousands):

		June 30, 2022		December 31, 2021
Balance Sheet Location	Asset (Liability)
Other current assets	$	1,537	$	—
Other long-term assets		1,115		—
Other current liabilities		(28)		(5,098)
Other long-term liabilities		(1,030)		(2,359)
Total	$	1,594	$	(7,457)