v3.22.2.2
Derivatives (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Non-Designated Foreign Exchange Forwards
The following table summarizes our non-designated Fx forwards and our interest rate cap as of September 30, 2022:
September 30, 2022
Type of DerivativesNumber of ContractsAggregate Notional Amount (in thousands)Notional CurrencyMaturityWeighted-Average Years to Maturity
Fx contracts - GBP130971,560GBPOctober 2022 - February 20271.98
Fx contracts - EUR127560,982EUROctober 2022 - November 20251.97
Fx contracts - SEK20744,089SEKNovember 2022 - May 20263.15
Interest rate cap1500,000USDJune 20230.71
    

The following table summarizes our non-designated Fx forwards and our interest rate cap as of December 31, 2021:
December 31, 2021
Type of DerivativesNumber of ContractsAggregate Notional Amount (in thousands)Notional CurrencyMaturityWeighted-Average Years to Maturity
Fx contracts - GBP125738,178GBPJanuary 2022 - February 20262.14
Fx contracts - EUR90508,541EURJanuary 2022 - November 20251.88
Fx contracts - SEK20765,138SEKFebruary 2022 - May 20263.74
Interest rate cap1500,000USDJune 20231.45
Schedule of Amounts Recognized on Consolidated Statements of Operations Related to Company's Derivatives The following table summarizes the amounts recognized on our condensed consolidated statements of operations related to our derivatives for the nine months ended September 30, 2022 and 2021 ($ in thousands):
  Amount of gain (loss)
recognized in income
Three months ended September 30,Nine months ended September 30,
Location of Gain (Loss) Recognized in Income2022202120222021
Forward currency contractsUnrealized gain on derivative instruments $108,428 $32,376 $221,623 $40,857 
Forward currency contractsRealized gain (loss) on derivative instruments 20,824 571 35,604 (1,204)
Total$129,252 $32,947 $257,227 $39,653 
The following table summarizes the amount recognized on our condensed consolidated statements of operations related to our interest rate cap for the three and nine months ended September 30, 2022 and 2021 ($ in thousands):
Amount of gain (loss)
recognized in income
Three months ended September 30,Nine months ended September 30,
Location of Gain Recognized in Income2022202120222021
Interest rate cap(1)
Unrealized gain (loss) on interest rate hedging instruments$1,044 $(75)$10,808 $171 
Total$1,044 $(75)$10,808 $171 
———————
(1)With a notional amount of $500.0 million at September 30, 2022 and 2021.
Schedule of Gross Asset and Liability Amounts Related to Derivatives
The following tables summarize the gross asset and liability amounts related to our derivatives at September 30, 2022 and December 31, 2021 ($ in thousands):
September 30, 2022December 31, 2021
Gross Amount of Recognized AssetsGross Amounts Offset in our Condensed Consolidated Balance SheetNet Amounts
of Assets
Presented in
our Condensed Consolidated Balance Sheet		Gross Amount of Recognized AssetsGross
Amounts
Offset in our Condensed
 Consolidated Balance Sheet		Net Amounts of Assets Presented in our Condensed Consolidated Balance Sheet
Forward currency contracts$270,871 $(33,908)$236,963 $28,781 $(13,441)$15,340 
Interest rate cap12,257 — 12,257 1,448 — 1,448 
Total derivative assets (liabilities)$283,128 $(33,908)$249,220 $30,229 $(13,441)$16,788