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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Derivatives | The following is a summary of our interest rate swaps that were designated as cash flow hedges of interest rate risk as of September 30, 2022 and December 31, 2021 (dollars in thousands):
| September 30, 2022 |  | December 31, 2021
| SOFR Swaps |  | LIBOR Swaps |  | LIBOR Swaps
Count | 2 |  |  | 2 |  |  | 5 |
Notional amount | $ | 430,000 |  |  | $ | 325,000 |  |  | $ | 930,000 |
Fixed interest rate | 1.2% - 2.1% |  | 2.2% - 2.9% |  | 1.3% - 2.9%
Maturity date | 2023-2024 |  | 2024-2025 |  | 2022-2025
Weighted-average term (in years) | 1.4 |  | 2.4 |  | 1.9
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The table below details the nature of the gain and loss recognized on interest rate derivatives designated as cash flow hedges in the consolidated statements of operations (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Amount of gain (loss) recognized in Other Comprehensive Income | $ | 14,084 |  |  | $ | (417) |  |  | $ | 44,063 |  |  | $ | 5,397 |
Amount of (gain) loss reclassified from AOCI into Interest Expense, Net | (76) |  |  | 4,905 |  |  | 7,352 |  |  | 14,584 |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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