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Derivatives (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets:

															Fair Value
(in thousands)															Assets (Liabilities) (1)
Effective Date		Maturity Date		Notional Amount				Counterparty Pays Variable Rate of		Regency Pays Fixed Rate of					June 30, 2019				December 31, 2018
12/6/18		6/28/19		$	250,000			30 year U.S. Treasury		3.147%			(2)		$	—				(5,491	)
4/3/17		12/2/20			300,000			1 Month LIBOR with Floor		1.824%						(240	)			3,759
8/1/16		1/5/22			265,000			1 Month LIBOR with Floor		1.053%						3,975				10,838
4/7/16		4/1/23			19,942			1 Month LIBOR		1.303%						217				880
12/1/16		11/1/23			33,000			1 Month LIBOR		1.490%						175				1,376
6/2/17		6/2/27			37,452			1 Month LIBOR with Floor		2.366%						(1,379	)			629
															$	2,748				11,991

⁽¹⁾  Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities.

⁽²⁾ On March 7, 2019, the Company settled its 30 year Treasury rate lock in connection with its issuance of the $300 million 4.65% unsecured notes due March 2049 for $5.7 million, which is included in the balance of AOCI and will be reclassified to earnings over the 30 year term of the hedged transaction.

Derivative Instruments, Gain (Loss)

The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements:

Location and Amount of Gain (Loss) Recognized in OCI on Derivative										Location and Amount of Gain (Loss) Reclassified from AOCI into Income										Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded
		Three months ended June 30,										Three months ended June 30,										Three months ended June 30,
(in thousands)		2019				2018						2019				2018						2019				2018
Interest rate swaps		$	(9,227	)			4,289			Interest expense		$	584				1,415			Interest expense, net		$	37,173				38,074
Location and Amount of Gain (Loss) Recognized in OCI on Derivative										Location and Amount of Gain (Loss) Reclassified from AOCI into Income										Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded
		Six months ended June 30,										Six months ended June 30,										Six months ended June 30,
(in thousands)		2019				2018						2019				2018						2019				2018
Interest rate swaps		$	(14,716	)			13,794			Interest expense		$	408				3,553			Interest expense, net		$	74,925				74,859

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- References

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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-Publisher FASB
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-SubTopic 10
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