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Accumulated Other Comprehensive Income | 6 Months Ended
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Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income The following table summarizes the changes in accumulated other comprehensive income by component for the Company and the Operating Partnership for the six months ended June 30, 2021:
| Derivative Instruments |  | Accumulated Other Comprehensive Loss of the Operating Partnership |  | Comprehensive Loss Attributable to Noncontrolling Interest of the Company |  | Accumulated Other Comprehensive Loss of the Company
Balance as of December 31, 2020 | $ | (17,308) |  |  | $ | (17,308) |  |  | $ | 355 |  |  | $ | (16,953) |
Other Comprehensive Gain Before Reclassifications | 3,593 |  |  | 3,593 |  |  | (120) |  |  | 3,473 |
Amounts Reclassified from Accumulated Other Comprehensive Loss | 3,454 |  |  | 3,454 |  |  | — |  |  | 3,454 |
Net Current Period Other Comprehensive Gain | 7,047 |  |  | 7,047 |  |  | (120) |  |  | 6,927 |
Balance as of June 30, 2021 | $ | (10,261) |  |  | $ | (10,261) |  |  | $ | 235 |  |  | $ | (10,026) |
The following table summarizes the reclassifications out of accumulated other comprehensive income for both the Company and the Operating Partnership for the three and six months ended June 30, 2021 and 2020:
|  | Amounts Reclassified from Accumulated Other Comprehensive Loss (Income) |  |
Details about Accumulated Other Comprehensive Income Components |  | Three Months Ended June 30, 2021 |  | Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2021 |  | Six Months Ended June 30, 2020 |  | Affected Line Items in the Consolidated Statements of Operations
Derivative Instruments: |  |  |  |  |  |  |  |  |  |
Amortization of Previously Settled Derivative Instruments |  | $ | 103 |  |  | $ | 103 |  |  | $ | 205 |  |  | $ | 205 |  |  | Interest Expense
Net Settlement Payments to our Counterparties |  | 1,552 |  |  | 1,706 |  |  | 3,249 |  |  | 2,088 |  |  | Interest Expense
Total |  | $ | 1,655 |  |  | $ | 1,809 |  |  | $ | 3,454 |  |  | $ | 2,293 |  |  |
The changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $410 into net income by increasing interest expense for derivative instruments we settled in previous periods. Additionally, recurring settlement amounts on the 2015 Swaps and the 2021 Swaps (as defined in Note 10) will also be reclassified to net income.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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