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Derivative Instruments and Hedging Activity (Tables)
6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (in thousands, except number of instruments):

Number of Instruments

Notional

June 30, 

December 31, 

June 30, 

December 31, 

Interest Rate Derivatives

    

2019

    

2018

    

2019

    

2018

Interest Rate Swap

 

12

 

10

$

240,000

$

258,543

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The table below presents the estimated fair value of the Company’s derivative financial instruments, as well as their classification in the consolidated balance sheets (in thousands).

Asset Derivatives

June 30, 2019

December 31, 2018

    

Fair Value

    

Fair Value

Derivatives designated as cash flow hedges:

 

  

 

  

Interest Rate Swaps

$

334

$

2,539

Liability Derivatives

June 30, 2019

December 31, 2018

    

Fair Value

    

Fair Value

Derivatives designated as cash flow hedges:

 

  

 

  

Interest Rate Swaps

$

6,931

$

1,135

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The table below displays the effect of the Company’s derivative financial instruments in the consolidated statements of operations and other comprehensive loss for the three and six months ended June 30, 2019 and 2018 (in thousands).

    

    

Location of

    

Income/(Loss)

Derivatives in

Reclassified from

Amount of Income/(Loss)

Cash Flow

Accumulated OCI

Reclassified from

Hedging

Amount of Income/(Loss) Recognized

into Income

Accumulated OCI into Expense

Relationships

in OCI on Derivative (Effective Portion)

(Effective Portion)

(Effective Portion)

Three Months Ended June 30, 

    

    

2019

    

2018

    

    

2019

    

2018

Interest rate swaps

$

(3,640)

$

792

 

Interest Expense

$

157

$

(4)

Six Months Ended June 30, 

    

2019

    

2018

    

    

2019

    

2018

Interest rate swaps

$

(7,199)

$

2,712

Interest Expense

$

344

$

(91)

Offsetting Assets And Liabilities [Table Text Block]

The table below presents a gross presentation of the effects of offsetting and a net presentation of the Company’s derivatives as of June 30, 2019 and December 31, 2018. The gross amounts of derivative assets or liabilities can be reconciled to the Tabular Disclosure of Fair Values of Derivative Instruments above, which also provides the location that derivative assets and liabilities are presented on the consolidated balance sheets (in thousands):

Offsetting of Derivative Assets as of June 30, 2019

Gross Amounts

    

Net Amounts of

Offset in the

Assets presented

Gross Amounts Not Offset in the

Gross Amounts

    

Statement of

in the Statement

Statement of Financial Position

of Recognized

Financial

of Financial

    

Financial

    

Cash Collateral

    

Assets

    

Position

    

Position

    

Instruments

    

Received

    

Net Amount

Derivatives

$

334

$

$

334

$

(334)

$

$

Offsetting of Derivative Liabilities as of June 30, 2019

Net Amounts of

 

Gross Amounts

 

Liabilities

 

Offset in the

 

presented in the

 

Gross Amounts Not Offset in the

 

Gross Amounts

 

Statement of

 

Statement of

 

Statement of Financial Position

 

of Recognized

 

Financial

 

Financial

 

Financial

 

Cash Collateral

    

Liabilities

    

Position

    

Position

    

Instruments

    

Posted

    

Net Amount

Derivatives

$

6,931

$

$

6,931

$

(334)

$

$

6,597

Offsetting of Derivative Assets as of December 31, 2018

Gross Amounts

Net Amounts of

 

Offset in the

 

Assets presented

 

Gross Amounts Not Offset in the

 

Gross Amounts

 

Statement of

 

in the Statement

 

Statement of Financial Position

 

of Recognized

 

Financial

 

of Financial

 

Financial

 

Cash Collateral

    

Assets

    

Position

    

Position

    

Instruments

    

Received

    

Net Amount

Derivatives

$

2,539

$

$

2,539

$

(575)

$

$

1,964

Offsetting of Derivative Liabilities as of December 31, 2018

Net Amounts of

 

Gross Amounts

 

Liabilities

 

Offset in the

 

presented in the

 

Gross Amounts Not Offset in the

 

Gross Amounts

 

Statement of

 

Statement of

 

Statement of Financial Position

 

of Recognized

 

Financial

 

Financial

 

Financial

 

Cash Collateral

    

Liabilities

    

Position

    

Position

    

Instruments

    

Posted

    

Net Amount

Derivatives

$

1,135

$

$

1,135

$

(575)

$

$

560