XML 43 R22.htm IDEA: XBRL DOCUMENT v3.21.2
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of cash flow hedges included in accumulated other comprehensive income (loss)
As of September 30, 2021, the Company had eight outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:
DERIVATIVE INSTRUMENTNUMBER OF INSTRUMENTSNOTIONAL AMOUNT
in millions
Interest rate swaps8 $175.0
The table below presents the effect of cash flow hedge accounting on AOCI during the three and nine months ended September 30, 2021 and 2020 related to the Company's outstanding interest rate swaps.
(GAIN) LOSS RECOGNIZED IN
AOCI ON DERIVATIVE
three months ended September 30,		LOSS RECLASSIFIED FROM
AOCI INTO INCOME
three months ended September 30,
In thousands2021202020212020
Interest rate swaps$(36)$74 Interest expense$982 $952 
Settled treasury hedges— — Interest expense107 107 
Settled interest rate swaps— — Interest expense42 42 
 $(36)$74 Total interest expense$1,131 $1,101 
(GAIN) LOSS RECOGNIZED IN
AOCI ON DERIVATIVE
nine months ended September 30,		LOSS RECLASSIFIED FROM
AOCI INTO INCOME
nine months ended September 30,
In thousands2021202020212020
Interest rate swaps$(2,079)$11,192 Interest expense$2,894 $2,012 
Settled treasury hedges— 4,267 Interest expense320 229 
Settled interest rate swaps— — Interest expense126 126 
 $(2,079)$15,459 Total interest expense$3,340 $2,367 
Schedule of derivative instruments in statement of financial position, fair value
The table below presents the fair value of the Company's derivative financial instruments, as well as their classification on the Condensed Consolidated Balance Sheet as of September 30, 2021.
BALANCE AT SEPTEMBER 30, 2021
In thousandsBALANCE SHEET LOCATIONFAIR VALUE
Derivatives designated as hedging instruments
Interest rate swapsOther liabilities$8,201 
Total derivatives designated as hedging instruments$8,201