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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments [Table Text Block] | The following table summarizes the Company’s outstanding interest rate swaps as of March 31, 2022. All of the Company’s interest rate swaps are designated as qualifying cash flow hedges.
Interest Rate Derivative Counterparty |  | Trade Date |  | Effective Date |  | Notional Amount (in thousands) |  | Fair Value (in thousands) |  | Pay Fixed Interest Rate |  | Receive Variable Interest Rate |  | Maturity Date
Wells Fargo Bank, N.A. |  | Jan-08-2015 |  | Mar-20-2015 |  | $ | 25,000 |  |  | $ | — |  |  | 1.8280 | % |  | One-month L |  | Mar-31-2022
The Toronto-Dominion Bank |  | Jan-08-2015 |  | Feb-14-2020 |  | $ | 25,000 |  |  | $ | — |  |  | 2.4535 | % |  | One-month L |  | Mar-31-2022
Regions Bank |  | Jan-08-2015 |  | Feb-14-2020 |  | $ | 50,000 |  |  | $ | — |  |  | 2.4750 | % |  | One-month L |  | Mar-31-2022
Capital One, N.A. |  | Jan-08-2015 |  | Feb-14-2020 |  | $ | 50,000 |  |  | $ | — |  |  | 2.5300 | % |  | One-month L |  | Mar-31-2022
The Toronto-Dominion Bank |  | Jul-20-2017 |  | Oct-30-2017 |  | $ | 25,000 |  |  | $ | (64) |  |  | 1.8485 | % |  | One-month L |  | Jan-04-2023
Royal Bank of Canada |  | Jul-20-2017 |  | Oct-30-2017 |  | $ | 25,000 |  |  | $ | (63) |  |  | 1.8505 | % |  | One-month L |  | Jan-04-2023
Wells Fargo Bank, N.A. |  | Jul-20-2017 |  | Oct-30-2017 |  | $ | 25,000 |  |  | $ | (63) |  |  | 1.8505 | % |  | One-month L |  | Jan-04-2023
PNC Bank, N.A. |  | Jul-20-2017 |  | Oct-30-2017 |  | $ | 25,000 |  |  | $ | (63) |  |  | 1.8485 | % |  | One-month L |  | Jan-04-2023
PNC Bank, N.A. |  | Jul-20-2017 |  | Oct-30-2017 |  | $ | 50,000 |  |  | $ | (126) |  |  | 1.8475 | % |  | One-month L |  | Jan-04-2023
The Toronto-Dominion Bank |  | Apr-20-2020 |  | Sep-29-2020 |  | $ | 75,000 |  |  | $ | 1,223 |  |  | 0.2750 | % |  | One-month L |  | Apr-18-2023
Wells Fargo Bank, N.A. |  | Apr-20-2020 |  | Sep-29-2020 |  | $ | 75,000 |  |  | $ | 1,219 |  |  | 0.2790 | % |  | One-month L |  | Apr-18-2023
The Toronto-Dominion Bank |  | Apr-20-2020 |  | Mar-19-2021 |  | $ | 75,000 |  |  | $ | 1,223 |  |  | 0.2750 | % |  | One-month L |  | Apr-18-2023
Wells Fargo Bank, N.A. |  | Apr-20-2020 |  | Mar-19-2021 |  | $ | 75,000 |  |  | $ | 1,218 |  |  | 0.2800 | % |  | One-month L |  | Apr-18-2023
The Toronto-Dominion Bank |  | Jul-24-2018 |  | Jul-26-2019 |  | $ | 50,000 |  |  | $ | (548) |  |  | 2.9180 | % |  | One-month L |  | Jan-12-2024
PNC Bank, N.A. |  | Jul-24-2018 |  | Jul-26-2019 |  | $ | 50,000 |  |  | $ | (549) |  |  | 2.9190 | % |  | One-month L |  | Jan-12-2024
Bank of Montreal |  | Jul-24-2018 |  | Jul-26-2019 |  | $ | 50,000 |  |  | $ | (548) |  |  | 2.9190 | % |  | One-month L |  | Jan-12-2024
U.S. Bank, N.A. |  | Jul-24-2018 |  | Jul-26-2019 |  | $ | 25,000 |  |  | $ | (274) |  |  | 2.9190 | % |  | One-month L |  | Jan-12-2024
Wells Fargo Bank, N.A. |  | May-02-2019 |  | Jul-15-2020 |  | $ | 50,000 |  |  | $ | 280 |  |  | 2.2460 | % |  | One-month L |  | Jan-15-2025
U.S. Bank, N.A. |  | May-02-2019 |  | Jul-15-2020 |  | $ | 50,000 |  |  | $ | 284 |  |  | 2.2459 | % |  | One-month L |  | Jan-15-2025
Regions Bank |  | May-02-2019 |  | Jul-15-2020 |  | $ | 50,000 |  |  | $ | 280 |  |  | 2.2459 | % |  | One-month L |  | Jan-15-2025
Bank of Montreal |  | Jul-16-2019 |  | Jul-15-2020 |  | $ | 50,000 |  |  | $ | 1,008 |  |  | 1.7165 | % |  | One-month L |  | Jan-15-2025
U.S. Bank, N.A. |  | Feb-17-2021 |  | Apr-18-2023 |  | $ | 150,000 |  |  | $ | 6,853 |  |  | 0.9385 | % |  | One-month L |  | Feb-5-2026
Wells Fargo Bank, N.A. |  | Feb-17-2021 |  | Apr-18-2023 |  | $ | 75,000 |  |  | $ | 3,409 |  |  | 0.9365 | % |  | One-month L |  | Feb-5-2026
The Toronto-Dominion Bank |  | Feb-17-2021 |  | Apr-18-2023 |  | $ | 75,000 |  |  | $ | 3,419 |  |  | 0.9360 | % |  | One-month L |  | Feb-5-2026
Regions Bank |  | Oct-26-2021 |  | Apr-01-2022 |  | $ | 50,000 |  |  | $ | 2,419 |  |  | 1.3045 | % |  | One-month L |  | Mar-15-2027
Bank of Montreal |  | Oct-26-2021 |  | Apr-01-2022 |  | $ | 50,000 |  |  | $ | 2,438 |  |  | 1.3045 | % |  | One-month L |  | Mar-15-2027
PNC Bank, N.A. |  | Oct-26-2021 |  | Apr-01-2022 |  | $ | 50,000 |  |  | $ | 2,423 |  |  | 1.3045 | % |  | One-month L |  | Mar-15-2027
Schedule of interest rate swaps | The following table summarizes the fair value of the interest rate swaps outstanding as of March 31, 2022 and December 31, 2021.
Balance Sheet Line Item (in thousands) |  | Notional Amount March 31, 2022 |  | Fair Value March 31, 2022 |  | Notional Amount December 31, 2021 |  | Fair Value December 31, 2021
Interest rate swaps-Asset |  | $ | 950,000 |  |  | $ | 27,696 |  |  | $ | 600,000 |  |  | $ | 5,220 |
Interest rate swaps-Liability |  | $ | 325,000 |  |  | $ | (2,298) |  |  | $ | 825,000 |  |  | $ | (17,052) |
Schedule of the location in the financial statements of the gain or loss recognized on interest rate swaps | The following table summarizes the effect of cash flow hedge accounting and the location of amounts related to Company’s derivatives in the consolidated financial statements for the three months ended March 31, 2022 and 2021.
|  | Three months ended March 31, |  |
Effect of Cash Flow Hedge Accounting (in thousands) |  | 2022 |  | 2021 |  |  |  |
Income recognized in accumulated other comprehensive income (loss) on interest rate swaps |  | $ | 33,506 |  |  | $ | 7,750 |  |  |  |  |
Loss reclassified from accumulated other comprehensive income (loss) into income as interest expense |  | $ | 3,731 |  |  | $ | 4,400 |  |  |  |  |
Total interest expense presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded |  | $ | 17,259 |  |  | $ | 15,358 |  |  |  |  |
Schedule of financial instruments accounted for at fair value on a recurring basis | The following table summarizes the Company’s financial instruments that were recorded at fair value on a recurring basis as of March 31, 2022 and December 31, 2021.
|  |  |  | Fair Value Measurements as of March 31, 2022 Using
Balance Sheet Line Item (in thousands) |  | Fair Value March 31, 2022 |  | Level 1 |  | Level 2 |  | Level 3
Interest rate swaps-Asset |  | $ | 27,696 |  |  | $ | — |  |  | $ | 27,696 |  |  | $ | — |
Interest rate swaps-Liability |  | $ | (2,298) |  |  | $ | — |  |  | $ | (2,298) |  |  | $ | — |
|  |  |  | Fair Value Measurements as of December 31, 2021 Using
Balance Sheet Line Item (in thousands) |  | Fair Value December 31, 2021 |  | Level 1 |  | Level 2 |  | Level 3
Interest rate swaps-Asset |  | $ | 5,220 |  |  | $ | — |  |  | $ | 5,220 |  |  | $ | — |
Interest rate swaps-Liability |  | $ | (17,052) |  |  | $ | — |  |  | $ | (17,052) |  |  | $ | — |

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