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Derivatives (Tables) | 9 Months Ended
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Sep. 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 |  |  |  | September 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% |  | (3) |  |  | — |  |  |  | 3,759 |
8/1/16 |  | 1/5/22 |  |  | 265,000 |  |  | 1 Month LIBOR with Floor |  | 1.053% |  |  |  |  | 2,581 |  |  |  | 10,838 |
4/7/16 |  | 4/1/23 |  |  | 19,855 |  |  | 1 Month LIBOR |  | 1.303% |  |  |  |  | 61 |  |  |  | 880 |
12/1/16 |  | 11/1/23 |  |  | 33,000 |  |  | 1 Month LIBOR |  | 1.490% |  |  |  |  | (137 | ) |  |  | 1,376 |
9/17/19 |  | 3/17/25 |  |  | 24,000 |  |  | 1 Month LIBOR |  | 1.542% |  |  |  |  | (206 | ) |  |  | — |
6/2/17 |  | 6/2/27 |  |  | 37,309 |  |  | 1 Month LIBOR with Floor |  | 2.366% |  |  |  |  | (2,151 | ) |  |  | 629 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 148 |  |  |  | 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 Accumulated other comprehensive income (loss) ("AOCI") and will be reclassified to earnings over the 30 year term of the hedged transaction. (3) On August 14, 2019, the Company paid an interest rate swap breakage fee of approximately $1.1 million to settle its interest rate swap in connection with the repayment in full of its $300 million term loan that was due to mature in December 2020. This breakage fee is included in Early extinguishment of debt in the accompanying Consolidated Statements of Operations.
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 September 30, |  |  |  |  | Three months ended September 30, |  |  |  |  | Three months ended September 30, |
(in thousands) |  | 2019 |  |  | 2018 |  |  |  |  | 2019 |  |  | 2018 |  |  |  |  | 2019 |  |  | 2018 |
Interest rate swaps |  | $ | (3,851 | ) |  |  | 2,717 |  |  | Interest expense |  | $ | 1,677 |  |  |  | 1,148 |  |  | Interest expense, net |  | $ | 38,253 |  |  |  | 36,618 |
|  | Nine months ended September 30, |  |  |  |  | Nine months ended September 30, |  |  |  |  | Nine months ended September 30, |
(in thousands) |  | 2019 |  |  | 2018 |  |  |  |  | 2019 |  |  | 2018 |  |  |  |  | 2019 |  |  | 2018 |
Interest rate swaps |  | $ | (18,567 | ) |  |  | 16,511 |  |  | Interest expense |  | $ | 2,085 |  |  |  | 4,701 |  |  | Interest expense, net |  | $ | 113,178 |  |  |  | 111,477 |

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- Definition 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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