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Derivatives (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020 ($ in thousands):(1)

Derivative Liabilities

As of March 31, 2021

Balance Sheet Location

Fair Value

Derivatives Designated in Hedging Relationships

Interest rate swaps

Accounts payable, accrued expenses and other liabilities

$

14,178

Total

$

14,178

Derivative Liabilities

As of December 31, 2020

Balance Sheet Location

Fair Value

Derivatives Designated in Hedging Relationships

Interest rate swaps

Accounts payable, accrued expenses and other liabilities

$

18,926

Total

$

18,926

_________________________________________________________

(1)Over the next 12 months, the Company expects that $10.1 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 March 31, 2021
Interest rate swaps						Earnings from equity method investments						$	8,656					$	(234)
Interest rate swaps						Interest expense						3,317						(2,104)
For the Three Months Ended March 31, 2020
Interest rate swaps						Interest Expense						(12,604)						(1,088)
Interest rate swaps						Earnings from equity method investments						(15,172)						(226)

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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)
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-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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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
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