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Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31, 2023 and December 31, 2022, were as follows (in thousands):
Fair Value
Derivative Assets (Liabilities)
Derivative InstrumentAggregate Notional AmountEffective DateMaturity DateMarch 31, 2023December 31, 2022
Interest rate swap$100,000 March 31, 2017July 21, 2023$1,148 $1,998 
Interest rate swap75,000 July 21, 2023January 10, 2025310 — 
Interest rate swap50,000 July 21, 2023January 10, 2025207 — 
$1,665 $1,998 
Schedule of Unrealized Gain (Loss) and Reclassification of Interest Rate Swap The net unrealized gains or losses on the effective swaps were recognized in Other comprehensive income (loss), as follows (in thousands):
Three Months Ended March 31,
20232022
Unrealized (loss) gain on interest rate hedges$(333)$1,925 

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 months ended March 31, 2023 and 2022, were as follows (in thousands):
Three Months Ended March 31,
20232022
Loss reclassified from accumulated other comprehensive loss into interest expense$510 $510