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Derivative Instruments and Hedging Activities
 9 Months Ended
Sep. 30, 2022
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
 September 30, 2022 December 31, 2021
 Balance Sheet LocationFair ValueFair Value
Derivatives Designated as Hedging Instruments:
Interest rate swap contractsOther assets$1,794 $— 
Interest rate swap contractsOther liabilities$27 $6,316 
Derivatives Not Designated as Hedging Instruments:
Interest rate swap contractsOther assets$3,784 $919 
Commodity swap contractsOther liabilities$4,990 $1,962 
Make-whole provisionsOther liabilities$5,459 $4,800 
As of September 30, 2022 and December 31, 2021, all but four 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 Loss (Gain) Recognized in Net Income
Location of Loss (Gain) Recognized in Net IncomeThree Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Derivatives Designated as Hedging Instruments:
Interest rate swap contractsOther expenses, net$185 $528 $1,026 $1,573 
Derivatives Not Designated as Hedging Instruments:
Interest rate swap contractsOther expenses, net$(844)$(63)$(2,865)$(842)
Commodity swap contractsOther expenses, net$514 $2,409 3,028 3,907 
Make-whole provisionsOther expenses, net$(450)$(1,679)(388)(1,173)
The following table presents the changes in Accumulated Other Comprehensive Income (“AOCI”), net of taxes, from our hedging instruments:
Nine Months Ended September 30, 2022
Derivatives Designated as Hedging Instruments:
Accumulated loss in AOCI at the beginning of the period$(4,733)
Unrealized gain recognized in AOCI5,007 
Loss reclassified from AOCI to other expenses, net1,026 
Gain on derivatives6,033 
Accumulated loss in AOCI at the end of the period$1,300 
The following tables present all of our active derivative instruments as of September 30, 2022:
Active Interest Rate SwapsEffective DateExpiration DateInitial Notional
Amount ($)		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
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$744 
Make-whole provisionsLiabilityAugust 2016April 2031$77 
Make-whole provisionsLiabilityApril 2017February 2034$57 
Make-whole provisionsLiabilityNovember 2020December 2027$63 
Make-whole provisionsLiabilityOctober 2011May 2028$20 
Make-whole provisionsLiabilityMay 2021April 2045$196 
Make-whole provisionsLiabilityJuly 2021March 2046$3,304 
Make-whole provisionsLiabilityJune 2022March 2042$998