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Interest Rate Derivatives (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of key terms and fair values of interest rate swap derivatives

The following table sets forth the key terms and fair values of our interest rate swap derivatives (dollars in thousands):

Notional Amount																		Effective Date						Expiration Date						Fair Value at December 31,
						Fixed Rate						Floating Rate Index																		2021						2020
$	100,000					1.901		%				One-Month LIBOR						9/1/2016						12/1/2022						$	(1,361)					$	(3,394)
$	100,000					1.905		%				One-Month LIBOR						9/1/2016						12/1/2022						(1,365)						(3,401)
$	50,000		(1)			1.908		%				One-Month LIBOR						9/1/2016						12/1/2022						(684)						(1,704)
$	11,120		(2)			1.678		%				One-Month LIBOR						8/1/2019						8/1/2026						(234)						(733)
$	23,000		(3)			0.573		%				One-Month LIBOR						4/1/2020						3/26/2025						355						(290)
																														$	(3,289)					$	(9,522)

(1)Refer to additional disclosure below.

(2)The notional amount of this instrument is scheduled to amortize to $10.0 million.

(3)The notional amount of this instrument is scheduled to amortize to $22.1 million.

Schedule of fair value and balance sheet classification of interest rate derivatives

The table below sets forth the fair value of our interest rate derivatives as well as their classification on our consolidated balance sheets (in thousands):

												Fair Value at December 31,
Derivatives						Balance Sheet Location						2021						2020
Interest rate swaps designated as cash flow hedges						Prepaid expenses and other assets, net						$	355					$	—
Interest rate swaps designated as cash flow hedges						Interest rate derivatives (liabilities)						$	(2,960)					$	(9,522)
Interest rate swap not designated						Interest rate derivatives (liabilities)						$	(684)					$	—

Schedule of effect of interest rate derivatives on consolidated statements of operations and comprehensive income

The tables below presents the effect of our interest rate derivatives on our consolidated statements of operations and comprehensive income (in thousands):

						Amount of Income (Loss) Recognized in AOCL on Derivatives																		Amount of (Loss) Gain Reclassified from AOCL into Interest Expense on Statement of Operations
						For the Years Ended December 31,																		For the Years Ended December 31,
Derivatives in Hedging Relationships						2021						2020						2019						2021						2020						2019
Interest rate derivatives						$	1,379					$	(39,454)					$	(24,321)					$	(5,048)					$	(3,725)					$	1,415

						Amount of Loss Reclassified from AOCL into Loss on Interest Rate Derivatives on Statement of Operations																		Amount of Loss Recognized on Undesignated Swaps in Loss on Interest Rate Derivatives on Statement of Operations
						For the Years Ended December 31,																		For the Years Ended December 31,
Derivatives in Hedging Relationships						2021						2020						2019						2021						2020						2019
Interest rate derivatives						$	—					$	(51,865)					$	—					$	—					$	(1,265)					$	—

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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.

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