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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Estimated Gross Fair Values of Derivative Instruments and Their Classification on Consolidated Balance Sheet

The estimated gross fair values of derivative instruments and their classification on the consolidated balance sheet at December 31, 2020 and 2019 were as follows:

 

(In thousands)

 

December 31,

2020

 

 

December 31,

2019

 

Liabilities:

 

 

 

 

 

 

 

 

Derivatives designated as effective hedging

   instruments:

 

 

 

 

 

 

 

 

Current portion of long-term liabilities

 

$

8,205

 

 

$

4,947

 

Other long-term liabilities

 

 

12,172

 

 

 

11,291

 

 

 

$

20,377

 

 

$

16,238

 

 

 

 

 

 

 

 

 

 

Non-designated derivatives:

 

 

 

 

 

 

 

 

Current portion of long-term liabilities

 

$

6,548

 

 

$

 

Other long-term liabilities

 

 

9,712

 

 

 

 

 

 

$

16,260

 

 

$

 

Schedule of Effect of Cash Flow Hedge Accounting on Accumulated OCI

The following table presents the effect of cash flow hedge accounting on accumulated OCI as of December 31, 2020 and 2019:

 

(In thousands)

 

For the Year Ended

 

 

 

December 31, 2020

 

 

December 31,

2019

 

Derivatives designated as effective hedging instruments:

 

 

 

 

 

 

 

 

Loss related to effective portion of derivatives

   recognized in accumulated OCI, gross of tax effect

 

 

33,247

 

 

 

16,930

 

Loss related to effective portion of derivatives reclassified

   from accumulated OCI to interest expense, gross of tax

   effect

 

 

(11,556

)

 

 

(692

)

 

 

 

 

 

 

 

 

 

Non-designated derivatives:

 

 

 

 

 

 

 

 

Loss related to de-designation of ineffective portion of

   derivatives, gross of tax effect

 

 

(14,336

)

 

 

 

Previously deferred loss reclassified from accumulated

   OCI to interest expense, gross of tax effect

 

 

(239

)

 

 

 

 

 

 

 

 

 

 

 

 

Total other comprehensive loss, gross of tax

 

 

7,116

 

 

 

16,238

 

Schedule of Impact of Derivatives Not Designated as Hedges on Consolidated Statement of Operations

The following table presents the impact that non-designated derivatives had on our consolidated statement of operations:

 

(In thousands)

 

Statement of

Operations

Classification

 

Year Ended December 31, 2020

 

Loss related to de-designation of ineffective

   portion of derivatives, gross of tax effect

 

Income from discontinued operations, net of

   income tax

 

$

(14,336

)

Net loss related to ineffective portion of

   derivatives, gross of tax effect

 

Selling, general and administrative expenses

 

 

(226

)

Previously deferred loss related to

   de-designated swaps reclassified from

   accumulated OCI, gross of tax effect

 

Interest expense

 

 

(239

)

 

 

 

 

$

(14,801

)