XML 48 R38.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of December 31, 2019, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative
Number of Instruments
Notional
Interest Rate Swaps
4
$300,000

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2019 and 2018.
 
As of December 31, 2019
 
As of December 31, 2018
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 

Interest Rate Swap Asset/Liability
Other liabilities
 
$
(1,928
)
 
Other assets
 
$
76


Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The table below present the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations for 2019 and 2018:
Derivatives in Cash Flow
 
 
Amount of Income (Loss) Recognized
in OCI on Derivative
December 31,
 
Location of Income
Reclassified from
Accumulated OCI into Income
 
Amount of Income
Reclassified from
Accumulated OCI into Income
December 31,
Hedging Relationships
 
 
2019
 
2018
 
 
2019
 
2018
Interest Rate Swap
 
 
$
(1,625
)
 
$
597

 
Interest expense
 
$
(379
)
 
$
(1,586
)