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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives
The following table details our outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk as of December 31, 2021. As of June 30, 2022, there were no derivative instruments outstanding.
($ In thousands)December 31, 2021
InstrumentNumber of InstrumentsFixed RateNotionalIndexMaturity
Forward-starting interest rate swap11.3465%$500,000 USD SOFR- COMPOUNDMay 2, 2032
The following table presents the effect of our forward-starting derivative financial instruments on our Statement of Operations:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2022202120222021
Unrealized gain recorded in other comprehensive income$91,939 $— $200,550 $— 
Reduction in interest expense related to the amortization of the forward-starting interest rate swaps and treasury locks(4,159)— (4,159)— 
The following table presents the effect of our interest rate swaps derivative financial instruments on our Statement of Operations:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2022202120222021
Unrealized gain recorded in other comprehensive income$— $9,328 $— $21,706 
Interest from interest rate swaps recorded in interest expense— 10,342 — 21,168