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Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swaps
The following interest rate swaps have been designated as cash flow hedges (in thousands):
Notional value atFair value at
Hedge typeInterest
rate		MaturityJune 30, 2022December 31, 2021June 30, 2022December 31, 2021
Swap-cash flow (1)2.29%December 2022$200,000 $200,000 $159 $(4,077)
Swap-cash flow (1)2.29%December 2022125,000 125,000 101 (2,545)
Swap-cash flow (2) 2.38%December 2022— 87,780 — (1,879)
Swap-cash flow (2) 2.38%December 2022— 36,875 — (789)
Swap-cash flow 2.39%December 202375,000 75,000 718 (2,504)
Swap-cash flow 2.51%December 202375,000 75,000 577 (2,692)
Swap-cash flow 2.75%November 2023100,000 100,000 343 (3,893)
Swap-cash flow (3)1.28%September 202224,662 100,000 26 (759)
Swap-cash flow 1.24%September 2025150,000 150,000 7,601 (860)
Swap-cash flow 1.16%April 202450,000 50,000 1,701 (338)
Swap-cash flow 1.20%April 202450,000 50,000 1,663 (387)
Swap-cash flow 1.15%April 202450,000 50,000 1,710 (327)
Swap-cash flow 1.10%April 202450,000 50,000 1,757 (267)
Swap-cash flow 0.98%April 202425,000 25,000 934 (61)
Swap-cash flow 0.95%April 202425,000 25,000 948 (43)
Swap-cash flow (4)0.93%April 202425,000 25,000 958 (31)
Swap-cash flow (4)0.90%April 202425,000 25,000 972 (13)
Swap-cash flow (4)0.85%December 202450,000 50,000 2,532 221 
Swap-cash flow (4)0.75%December 202450,000 50,000 2,655 372 
Swap-cash flow (4)0.65%January 202650,000 50,000 3,775 955 
$1,199,662 $1,399,655 $29,130 $(19,917)
     
(1)In June 2021, the Company dedesignated a portion of the original notional value of these swaps as the hedged forecasted transactions were no longer probable of occurring. Therefore, the Company reclassified a total of $4.4 million of unrealized losses included in other comprehensive income (loss) to other income, net, in the consolidated statements of operations and comprehensive income (loss). The portion of the swaps that were dedesignated were subsequently redesignated and the amounts related to the initial fair values of $4.4 million that were recorded in other comprehensive income (loss) during the new hedging relationship will be reclassified to earnings on a straight line basis over the remaining life of these swaps.
(2)In June 2021, the Company terminated a portion of the original notional value of these swaps as the hedged forecasted transactions were no longer probable of occurring and paid approximately $6.2 million to terminate a portion of these swaps. In February 2022, the Company paid a total of approximately $1.5 million to terminate these swaps and will reclassify the unrealized losses included in other comprehensive income (loss) to earnings on a straight line basis over the remaining life of these swaps.
(3)In February 2022, the Company terminated approximately $75.3 million of the original $100.0 million notional value of this swap as the hedged forecasted transactions were no longer probable of occurring. As part of the swap termination, the Company paid approximately $0.2 million to terminate a portion of this swap. The Company will reclassify the unrealized losses included in other comprehensive income (loss) to earnings on a straight line basis over the remaining life of the swap.
(4)In February 2022, the Company dedesignated these swaps as the hedged forecasted transactions were no longer probable of occurring. Therefore, the Company reclassified a total of approximately $5.9 million of unrealized gains included in other comprehensive income (loss) to other income, net, in the consolidated statements of operations and comprehensive income (loss). These swaps were subsequently redesignated and the amounts related to the initial fair value of $5.9 million that are recorded in other comprehensive income (loss) during the new hedging relationship will be reclassified to earnings on a straight line basis over the remaining life of these swaps.