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Derivative instruments and Hedges Activities (Tables) | 12 Months Ended
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Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Summary of Interest Rate Swaps Derivatives Designated as Cash Flow Hedges | A summary of Swaps designated as cash flow hedges as of December 31, 2021 are as follows:
|  |  |  |  |  | Dates of Effected Cash Flows
Date of Interest Rate Swap Agreement |  | Notional Amount ($million) |  | Paid Fixed Interest Rate% |  | Beginning |  | Ending
September 30, 2016 (1) |  | $100.0 |  | - |  | January 31, 2018 |  | January 31, 2023
August 31, 2017 |  | $25.0 |  | 1.8475% |  | August 31, 2018 |  | August 31, 2023
August 8, 2018 |  | $50.0 |  | 2.8540% |  | August 31, 2018 |  | August 31, 2023
August 8, 2018 |  | $25.0 |  | 2.8510% |  | August 31, 2018 |  | August 31, 2023
February 20, 2020 |  | $100.0 |  | 1.2940% |  | February 28, 2020 |  | February 28, 2025
(1) | On December 1, 2016, the Company sold the interest rate hedge agreement. The fair value of the interest rate hedge, as of the date of the sale, was recorded in other comprehensive income, net of tax. The gain from the sale will be recognized into earnings when earnings are impacted by the cash flows of the previously hedged variable interest rate.
Summary of Effect of Swaps on Company's Financial Statements | For the years ended December 31, 2021 and 2020, the effect of the Swaps on the Company’s financial statements are as follows:
Cash Flow Hedging Derivatives |  | Total Gain or (Loss) Recorded to AOCI |  |  | Amount of (Gain) or Loss Reclassified from AOCI into Income |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Interest Rate Swaps |  | $ | 3,285 |  |  | $ | (9,867 | ) |  | $ | 3,008 |  |  | $ | 2,031 |

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- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + 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 (b) -URI http://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 http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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