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Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of the Notional Amount and Fair Value of Derivative Instruments | The following table summarizes the notional amount and fair value of the Company’s derivative instruments (amounts in thousands):
Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | Effective Dates (2), (3) |  | Maturity Dates (2) |  | September 30, 2022 |  | December 31, 2021
Outstanding Notional Amount (2) |  | Fair Value of |  | Outstanding Notional Amount |  | Fair Value of
Assets |  | (Liabilities) |  | Assets |  | (Liabilities)
Interest rate swaps |  | (1) |  | 05/01/2022 to 05/01/2023 |  | 04/27/2023 to 01/31/2028 |  | $ | 485,000 |  |  | $ | 29,724 |  |  | $ | — |  |  | $ | 400,000 |  |  | $ | 2,171 |  |  | $ | (5,618) |
(1) Derivative assets and liabilities are reported in the condensed consolidated balance sheets as other assets, net, and accounts payable and other liabilities, respectively. (2) During the three months ended June 30, 2022, the Company entered into three interest rate swap agreements with an aggregate notional amount of $150,000,000, that have an effective date of May 1, 2023, to replace two interest rate swaps with an aggregate notional amount of $150,000,000 that have a maturity date of April 27, 2023. (3) In May 2022, the Company entered into bilateral agreements with its swap counterparties to transition all of its interest rate swap agreements to SOFR. As of June 30, 2022, all of the Company's interest rate swap agreements were indexed to SOFR.
Schedule of Income and Losses Recognized on Derivative Instruments | The table below summarizes the amount of income and losses recognized on the interest rate derivatives designated as cash flow hedges for the three and nine months ended September 30, 2022 and 2021 (amounts in thousands):
Derivatives in Cash Flow Hedging Relationships |  | Amount of Income (Loss) Recognized in Other Comprehensive Income on Derivatives |  | Location of Income (Loss) Reclassified From Accumulated Other Comprehensive Income (Loss) to Net Income |  | Amount of Income (Loss) Reclassified From Accumulated Other Comprehensive Income (Loss) to Net Income |  | Total Amount of Line Item in Condensed Consolidated Statements of Comprehensive Income
Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |
Interest rate swaps - continuing operations |  | $ | 16,724 |  |  | Interest and other expense, net |  | $ | 379 |  |  | $ | 5,498 |
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |
Interest rate swaps - continuing operations |  | $ | (253) |  |  | Interest and other expense, net |  | $ | (1,952) |  |  | $ | 11,737 |
Interest rate swaps - discontinued operations |  | — |  |  | Income from discontinued operations |  | (542) |  |  | 377,191 |
Total |  | $ | (253) |  |  |  |  | $ | (2,494) |  |  |
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |
Interest rate swaps - continuing operations |  | $ | 31,545 |  |  | Interest and other expense, net |  | $ | (2,912) |  |  | $ | 17,942 |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |
Interest rate swaps - continuing operations |  | $ | 2,555 |  |  | Interest and other expense, net |  | $ | (5,643) |  |  | $ | 30,035 |
Interest rate swaps - discontinued operations |  | (37) |  |  | Income from discontinued operations |  | (1,647) |  |  | 401,444 |
Total |  | $ | 2,518 |  |  |  |  | $ | (7,290) |  |  |
Schedule of Offsetting of Derivative Assets | The following tables present the effect on the Company’s financial position had the Company made the election to offset its derivative positions as of September 30, 2022 and December 31, 2021 (amounts in thousands):
Offsetting of Derivative Assets |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Balance Sheet |  |
|  | Gross Amounts of Recognized Assets |  | Gross Amounts Offset in the Balance Sheet |  | Net Amounts of Assets Presented in the Balance Sheet |  | Financial Instruments Collateral |  | Cash Collateral |  | Net Amount
September 30, 2022 |  | $ | 29,724 |  |  | $ | — |  |  | $ | 29,724 |  |  | $ | — |  |  | $ | — |  |  | $ | 29,724 |
December 31, 2021 |  | $ | 2,171 |  |  | $ | — |  |  | $ | 2,171 |  |  | $ | (1,023) |  |  | $ | — |  |  | $ | 1,148 |
Schedule of Offsetting of Derivative Liabilities |
Offsetting of Derivative Liabilities |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Balance Sheet |  |
|  | Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Balance Sheet |  | Net Amounts of Liabilities Presented in the Balance Sheet |  | Financial Instruments Collateral |  | Cash Collateral |  | Net Amount
September 30, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
December 31, 2021 |  | $ | 5,618 |  |  | $ | — |  |  | $ | 5,618 |  |  | $ | (1,023) |  |  | $ | — |  |  | $ | 4,595 |

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