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Derivatives (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives

The following tables detail our outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk as of March 31, 2021 and December 31, 2020:

($ In thousands)

March 31, 2021

Instrument

Number of Instruments

Fixed Rate

Notional

Index

Maturity

Interest Rate Swaps

4

2.8297%

$

1,500,000

USD LIBOR

April 22, 2023

($ In thousands)

December 31, 2020

Instrument

Number of Instruments

Fixed Rate

Notional

Index

Maturity

Interest Rate Swaps

4

2.8297%

$

1,500,000

USD LIBOR

April 22, 2023

Interest Rate Swaps

2

2.3802%

$

500,000

USD LIBOR

January 22, 2021

The following table presents the effect of our derivative financial instruments on our Statement of Operations:

			Three Months Ended March 31,
(In thousands)			2021						2020
Unrealized gain (loss) recorded in other comprehensive income			$	12,378					$	(53,138)
Interest recorded in interest expense			$	10,826					$	5,580

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- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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