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Derivative Instruments and Hedging Activities
 3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
The following table presents information about the fair value amounts of our cash flow derivative instruments: 
 Derivatives as of
 March 31, 2021 December 31, 2020
 Balance Sheet LocationFair ValueFair Value
Derivatives Designated as Hedging Instruments:
Interest rate swap contractsOther liabilities$7,157 $9,994 
Derivatives Not Designated as Hedging Instruments:
Interest rate swap contractsOther assets$1,290 $2 
Interest rate swap contractsOther liabilities$45 $79 
Commodity swap contractsOther assets$115 $363 
Make-whole provisionsOther liabilities$1,112 $412 
As of March 31, 2021 and December 31, 2020, all but five of our freestanding derivatives were designated as hedging instruments.
The following table presents information about the effects of our derivative instruments on our condensed consolidated statements of income and condensed consolidated statements of comprehensive income:
Amount of (Gain) Loss Recognized in Net Income
Location of (Gain) Loss Recognized in Net IncomeThree Months Ended March 31,
20212020
Derivatives Designated as Hedging Instruments:
Interest rate swap contractsOther expenses, net$523 $99 
Derivatives Not Designated as Hedging Instruments:
Interest rate swap contractsOther expenses, net$(1,322)$10 
Commodity swap contractsOther expenses, net$248 $(48)
Make-whole provisionsOther expenses, net$697 $(185)

The following table presents the changes in AOCI, net of taxes, from our hedging instruments:
Three Months Ended March 31, 2021
Derivatives Designated as Hedging Instruments:
Accumulated loss in AOCI at the beginning of the period$(7,526)
Unrealized gain recognized in AOCI1,595 
Loss reclassified from AOCI to other expenses, net523 
Net gain on derivatives2,118 
Accumulated loss in AOCI at the end of the period$(5,408)
The following tables present all of our active derivative instruments as of March 31, 2021:
Active Interest Rate SwapsEffective DateExpiration DateInitial Notional
Amount ($)		Status
11-Year, 5.77% Fixed
October 2018October 2029$9,200 Designated
15-Year, 5.24% Fixed
June 2018June 2033$10,000 Designated
10-Year, 4.74% Fixed
June 2017December 2027$14,100 Designated
15-Year, 3.26% Fixed
February 2023December 2038$14,084 Designated
7-Year, 2.19% Fixed
February 2016February 2023$20,746 Designated
8-Year, 3.70% Fixed
March 2020June 2028$14,643 Designated
8-Year, 3.70% Fixed
March 2020June 2028$10,734 Designated
13-Year, 0.93% Fixed
May 2020March 2033$9,505 Not Designated
13-Year, 0.93% Fixed
May 2020March 2033$6,968 Not Designated
15.5-Year, 5.40% Fixed
September 2008March 2024$13,081 Designated
2.75-Year, 0.41% Fixed
December 2020September 2023$26,250 Not Designated

Active Commodity SwapsEffective DateExpiration DateInitial Notional Amount (Volume)Commodity MeasurementStatus
1-Year, $2.70 MMBtu Fixed
May 2020April 2021435,810 MMBtusNot Designated
3.5-Year, $2.65 MMBtu Fixed
December 2020June 20243,296,160 MMBtusNot Designated

Other DerivativesClassificationEffective DateExpiration DateFair Value ($)
Make-whole provisionsLiabilityJune/August 2018December 2038$706 
Make-whole provisionsLiabilityAugust 2016April 2031$115 
Make-whole provisionsLiabilityApril 2017February 2034$119 
Make-whole provisionsLiabilityNovember 2020December 2027$117 
Make-whole provisionsLiabilityOctober 2011May 2028$55