Annual report pursuant to Section 13 and 15(d)

Derivatives (Tables)

v3.20.4
Derivatives (Tables)
12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Impact of the Derivatives Designated as Cash Flow Hedges on the Condensed Consolidated Financial Statements
The impact of the derivatives designated as cash flow hedges on the consolidated financial statements is depicted below (amounts in thousands):
Successor Company Predecessor Company
Year Ended December 31, 2020 Period from September 1, 2019 through December 31, 2019 Period from January 1, 2019 through August 31, 2019 Year Ended December 31, 2018
Effective portion of gain (loss) recognized in Accumulated other comprehensive income (loss) $ (2,842) $ (62) $ —  $ 12,882 
Interest cost of interest rate cap reclassified into Net loss (a) $ 740  $ 71  $ —  $ — 
Effective portion of loss reclassified from Accumulated other comprehensive income (loss) into Net income (loss) (b) $ —  $ —  $ (940) $ (1,496)

(a)        Amounts are included in Interest expense in the consolidated statements of operations and comprehensive income (loss).
(b)        Amounts are included in Interest expense in the consolidated statements of operations and comprehensive income (loss). Upon the adoption of ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities on January 1, 2018, ineffectiveness is no longer measured or recognized.