Derivative Financial Instruments and Hedging Activities - Derivative Financial Instruments Designated as Hedging Instruments in AOCI (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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Derivatives used in Net Investment Hedge, Net of Tax [Roll Forward] | ||||
Beginning balance | $ 49,956 | $ 46,497 | $ 48,003 | $ 48,272 |
Ending balance | 51,469 | 47,807 | 51,469 | 47,807 |
Interest expense | 563 | 385 | 1,667 | 976 |
Interest rate swaps | Cash flow hedges | Derivatives designated as hedges: | ||||
Derivatives used in Net Investment Hedge, Net of Tax [Roll Forward] | ||||
Reclassified within twelve months | 700 | |||
Gain/(loss) on cash flow hedges | ||||
Derivatives used in Net Investment Hedge, Net of Tax [Roll Forward] | ||||
Beginning balance | 1,442 | 1,140 | 1,489 | 268 |
Unrealized gain recognized in AOCI | 434 | 679 | 754 | 1,802 |
Amounts reclassified to interest expense | (180) | (74) | (554) | (48) |
Tax provision | (62) | (146) | (55) | (423) |
Ending balance | $ 1,634 | $ 1,599 | $ 1,634 | $ 1,599 |
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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before tax and reclassification adjustments of other comprehensive income (loss) attributable to parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tax expense (benefit) allocated to other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of reclassification adjustments of other comprehensive income (loss) attributable to parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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