Annual report pursuant to Section 13 and 15(d)

Derivative Instruments (Tables)

v3.22.1
Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Derivative Liabilities at Fair Value
The fair value of the Interest Rate Swap Agreements was as follows:
December 31, 2021
(in thousands)
Markets for Identical Assets
(Level 1)		 Observable Inputs
(Level 2)		 Unobservable Inputs
(Level 3)		 Total
Derivative instruments, short-term $ —  $ 16,662  $ —  $ 16,662 
Derivative instruments, long-term —  11,444  —  11,444 
Total liabilities measured at fair value $ —  $ 28,106  $ —  $ 28,106 
December 31, 2020
(in thousands)
Markets for Identical Assets
(Level 1)		 Observable Inputs
(Level 2)		 Unobservable Inputs
(Level 3)		 Total
Derivative instruments, short-term $ —  $ 18,258  $ —  $ 18,258 
Derivative instruments, long-term —  35,317  —  35,317 
Total liabilities measured at fair value $ —  $ 53,575  $ —  $ 53,575 
Prior to the designation on September 26, 2019 of the Interest Rate Swap Agreements as cash flow hedges which qualified for hedge accounting treatment, the Company recorded losses as follows:
Year Ended December 31,
2021 2020 2019
Derivative type Consolidated statement of operations location (in thousands)
Interest rate
swap
 Change in fair value of derivative instruments $ —  $ —  $ 26,393