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Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of information regarding outstanding derivative contracts The tables below provide information regarding the Company’s outstanding derivative contracts as of the dates indicated (in thousands, except for number of contracts).
June 30, 2020
Derivative Contract TypeNumber of
Contracts		Notional
Amounts		Fair Value
Asset
(Liability), Net (3)		Balance
Sheet
Line Item		Unrealized
Loss Recorded
in AOCI/L, net of tax
Interest rate swaps (1)4  $1,400,000  $(94,175) Other liabilities$(88,996) 
(34,538) Accrued liabilities
Foreign currency forwards (2)39  182,734  (61) Accrued liabilities—  
Total43  $1,582,734  $(128,774)  $(88,996) 

December 31, 2019
Derivative Contract TypeNumber of ContractsNotional
Amounts		Fair Value
Asset
(Liability), Net (3)		Balance
Sheet
Line Item		Unrealized
Loss Recorded
in AOCI/L
Interest rate swaps (1)4  $1,400,000  $(64,831) Other liabilities$(47,164) 
Foreign currency forwards (2)176  604,858  59  Other current assets—  
Total180  $2,004,858  $(64,772)  $(47,164) 

(1)Prior to June 30, 2020, the interest rate swaps were designated and accounted for as cash flow hedges of the forecasted interest payments on borrowings. As a result, changes in the fair values of the swaps were deferred and recorded in AOCI/L, net of tax effect. Upon the prepayment of $787.9 million under the Company's Term Loan A credit facility and all amounts outstanding under the Revolving credit facility, the Company determined that it was probable that forecasted interest payments on $200.0 million of variable rate debt would not occur. Additionally, as the variable rate debt under the Term A loan credit facility was replaced by $800.0 million of fixed rate debt under the 2028 Notes, the Company de-designated all of its interest rate swaps. Note 7 — Debt provides additional information regarding the Company's interest rate swap contracts.
(2)The Company has foreign exchange transaction risk because it typically enters into transactions in the normal course of business that are denominated in foreign currencies that differ from the local functional currency. The Company enters into short-term foreign currency forward exchange contracts to mitigate the cash flow risk associated with changes in foreign currency rates on forecasted foreign currency transactions. These contracts are accounted for at fair value with realized and unrealized gains and losses recognized in Other income (expense), net because the Company does not designate these contracts as hedges for accounting purposes. All of the outstanding foreign currency forward exchange contracts at June 30, 2020 matured before July 31, 2020.
(3)See Note 11 — Fair Value Disclosures for the determination of the fair values of these instruments.
Schedule of amounts recognized in statement of operations The table below provides information regarding amounts recognized in the accompanying Condensed Consolidated Statements of Operations for derivative contracts for the periods indicated (in thousands).
Three Months EndedSix Months Ended
 June 30,June 30,
Amount recorded in:2020201920202019
Interest (income) expense, net (1)$7,322  $(2,240) $10,514  $(4,511) 
Other expense, net (2)9,715  2,535  22,314  697  
Total expense (income), net$17,037  $295  $32,828  $(3,814) 

(1)Consists of interest (income) expense from interest rate swap contracts.
(2)Consists of net realized and unrealized gains and losses on foreign currency forward contracts and $10.3 million expense on interest rate swap contracts due to forecasted interest payments no longer being probable as a result of the prepayment of $787.9 million under the Term A loan facility and all amounts outstanding under the Revolving credit facility on June 30, 2020