Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Strategies (Tables)

v3.19.1
Derivative Instruments and Hedging Strategies (Tables)
3 Months Ended
Mar. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Assets and Liabilities The fair values of the Company’s derivative instruments were as follows (in thousands):

 

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

 

 

 

Derivative

Asset

 

 

Derivative

Liability

 

 

Derivative

Asset

 

 

Derivative

Liability

 

 

 

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements (cash flow hedges)

 

$

 

 

$

2,295

 

 

$

 

 

$

1,659

 

 

(1

)

 

 

 

 

 

 

2,295

 

 

 

 

 

 

1,659

 

 

 

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conversion option liability on Convertible Senior Notes

 

 

 

 

 

6,201

 

 

 

 

 

 

5,276

 

 

 

 

 

 

$

 

 

$

8,496

 

 

$

 

 

$

6,935

 

 

 

 

 

(1)Included in other current liabilities in the accompanying condensed consolidated balance sheets.

Schedule of (Losses) Gains on Derivative Instruments not Designated as Hedging Instruments The Company recognized (losses) gains on derivative instruments not designated as hedging instruments for the three months ended March 31 as follows (in thousands):

 

 

 

2019

 

 

2018

 

Conversion option liability on Convertible Senior Notes

 

$

(925

)

 

$

(12,159

)

Interest rate swap agreements

 

 

 

 

 

643

 

 

 

$

(925

)

 

$

(11,516

)