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Derivatives (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative financial instruments on consolidated balance sheet

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of June 30, 2020 and December 31, 2019 ($ in thousands)⁽¹⁾:

						Derivative Assets																		Derivative Liabilities
As of June 30, 2020						Balance Sheet Location						Fair Value						Balance Sheet Location						Fair Value
Derivatives Designated in Hedging Relationships
Interest rate swaps						Deferred expenses and other assets, net						$	—					Accounts payable, accrued expenses and other liabilities						$	21,852
Total												$	—											$	21,852

						Derivative Assets																		Derivative Liabilities
As of December 31, 2019						Balance Sheet Location						Fair Value						Balance Sheet Location						Fair Value
Derivatives Designated in Hedging Relationships
Interest rate swaps						Deferred expenses and other assets, net						$	114					Accounts payable, accrued expenses and other liabilities						$	8,680
Total												$	114											$	8,680

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(1)Over the next 12 months, the Company expects that $9.1 million related to cash flow hedges will be reclassified from "Accumulated other comprehensive income (loss)" as an increase to interest expense.

Schedule of derivative financial instruments on consolidated statements of operations and comprehensive income

The tables below present the effect of the Company's derivative financial instruments, including the Company's share of derivative financial instruments at certain of its equity method investments, in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) ($ in thousands):

Derivatives Designated in Hedging Relationships						Location of Gain (Loss) When Recognized in Income						Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income						Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings
For the Three Months Ended June 30, 2020
Interest rate swaps						Earnings from equity method investments						$	(986)					$	(307)
Interest rate swaps						Interest expense						(2,365)						(1,799)
For the Three Months Ended June 30, 2019
Interest rate swaps						Interest Expense						(12,951)						(266)
Interest rate swaps						Earnings from equity method investments						(8,036)						9
For the Six Months Ended June 30, 2020
Interest rate swaps						Earnings from equity method investments						(16,157)						(533)
Interest rate swaps						Interest expense						(14,970)						(2,887)
For the Six Months Ended June 30, 2019
Interest rate swaps						Interest Expense						(20,773)						(417)
Interest rate swaps						Earnings from equity method investments						(15,226)						153

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- References

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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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
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