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Derivative Instruments (Tables) | 9 Months Ended
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Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Values of Interest Rate Swaps | The fair values of the interest rate swaps as of September 30, 2021 and December 31, 2020, are as follows (in thousands):
|  |  |  | Fair Value
|  |  |  | Derivative Liabilities
Derivative Instrument | Aggregate Notional Amount | Effective Date | Maturity Date | September 30, 2021 |  | December 31, 2020
Interest rate swaps | $ | 100,000 |  | March 31, 2017 | July 21, 2023 | $ | (1,689) |  |  | $ | (2,671) |
Interest rate swaps | 50,000 |  | March 31, 2017 | July 21, 2023 | — |  |  | (1,338) |
Interest rate swaps | 100,000 |  | June 29, 2018 | July 21, 2023 | — |  |  | (6,246) |
|  |  |  | $ | (1,689) |  |  | $ | (10,255) |
Schedule of Unrealized Gain (Loss) and Reclassification of Interest Rate Swap | The net unrealized gains or losses on the effective swaps are recognized in Other comprehensive income (loss), as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Unrealized gain (loss) on interest rate hedges | $ | 221 |  |  | $ | 1,774 |  |  | $ | 2,805 |  |  | $ | (34,582) |
Amounts reported in Accumulated other comprehensive loss related to effective cash flow hedges will be reclassified to interest expense as interest payments are made on our variable-rate debt. The gains or losses reclassified from Accumulated other comprehensive loss into interest expense for the three and nine months ended September 30, 2021 and 2020, were as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Loss reclassified from Accumulated other comprehensive loss into interest expense | $ | 511 |  |  | $ | — |  |  | $ | 1,530 |  |  | $ | — |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + 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 (c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging 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 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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