Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Financial Instruments

Schedule of derivative instruments recorded at fair value

Derivative assets recorded at fair value in our condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019, respectively, consisted of the following:
	Derivative Assets
(Amounts in thousands)	September 30, 2020		December 31, 2019
Derivatives Designated as Cash Flow Hedges
Interest Rate Swap Agreements — Current	$	—	$	485
Interest Rate Swap Agreements — Noncurrent		—		1,440
Derivatives Not Designated as Hedging Instruments
Interest Rate Swap Agreements - Current		744		—
Interest Rate Swap Agreements - Noncurrent		1,160		—
	$	1,904	$	1,925

Derivative liabilities recorded at fair value in our condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019, respectively, consisted of the following:

	Derivative Liabilities
(Amounts in thousands)	September 30, 2020		December 31, 2019
Derivatives Designated as Cash Flow Hedges
Interest Rate Swap Agreements — Current	$	4,813	$	788
Interest Rate Swap Agreements — Noncurrent		13,563		2,667
Derivatives Not Designated as Hedging Instruments
Interest Rate Swap Agreements - Current		4,479		—
Interest Rate Swap Agreements - Noncurrent		10,870		—
	$	33,725	$	3,455

Schedule of losses before taxes on derivative not designated as hedging instruments

	Amount of Loss Recognized in Income on Derivative
	Three Months Ended				Nine Months Ended
(Amounts in thousands)	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Interest Rate Swap Agreements	$	(48)	$	—	$	(16,776)	$	—
Total	$	(48)	$	—	$	(16,776)	$	—

Schedule of gains and losses before taxes on derivatives designated as cash flow hedges

Three Months Ended September 30, 2020 and September 30, 2019

	Loss				Loss Reclassified from
	Recognized in AOCI				AOCI into Operations
	(Effective Portion)				(Effective Portion)
(Amounts in thousands)	2020		2019		2020		2019
Interest Rate Swap Agreements	$	(1,368)	$	(3,035)	$	(1,320)	$	—
Total	$	(1,368)	$	(3,035)	$	(1,320)	$	—

Nine Months Ended September 30, 2020 and September 30, 2019

	Loss				Loss Reclassified from
	Recognized in AOCI				AOCI into Operations
	(Effective Portion)				(Effective Portion)
(Amounts in thousands)	2020		2019		2020		2019
Interest Rate Swap Agreements	$	(33,948)	$	(5,901)	$	(2,244)	$	—
Total	$	(33,948)	$	(5,901)	$	(2,244)	$	—