Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Financial Instruments

Schedule of derivative instruments recorded at fair value

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

	Derivative Assets
(Amounts in thousands)	December 31, 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		877		—
Interest Rate Swap Agreements - Noncurrent		585		—
	$	1,462	$	1,925

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

	Derivative Liabilities
(Amounts in thousands)	December 31, 2020		December 31, 2019
Derivatives Designated as Cash Flow Hedges
Interest Rate Swap Agreements — Current	$	(5,251)	$	(788)
Interest Rate Swap Agreements — Noncurrent		(11,633)		(2,667)
Derivatives Not Designated as Hedging Instruments
Interest Rate Swap Agreements - Current		(4,875)		—
Interest Rate Swap Agreements - Noncurrent		(9,032)		—
	$	(30,791)	$	(3,455)

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

	Loss						Loss Reclassified from
	Recognized in AOCL						AOCL into Operations
(Amounts in thousands)	2020		2019		2018		2020		2019		2018
Interest Rate Swap Agreements	$	(33,902)	$	(484)	$	—	$	(3,685)	$	1,046	$	—
Total	$	(33,902)	$	(484)	$	—	$	(3,685)	$	1,046	$	—