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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 12 Months Ended
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Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income (Loss) | 18. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table details the components of accumulated other comprehensive income (loss) of the Parent Company and the Operating Partnership as of and for the three years ended December 31, 2020 (in thousands):
Parent Company |  | Cash Flow Hedges
Balance at January 1, 2018 |  | $ | 2,399 |
Change in fair market value during year |  | 1,478 |
Allocation of unrealized (gains)/losses on derivative financial instruments to noncontrolling interests |  | (39) |
Amortization of interest rate contracts reclassified from comprehensive income to interest expense |  | 1,191 |
Balance at December 31, 2018 |  | $ | 5,029 |
Change in fair market value during year |  | (8,210) |
Allocation of unrealized (gains)/losses on derivative financial instruments to noncontrolling interests |  | 41 |
Amortization of interest rate contracts reclassified from comprehensive income to interest expense |  | 770 |
Balance at December 31, 2019 |  | $ | (2,370) |
Change in fair market value during year |  | (5,972) |
Allocation of unrealized (gains)/losses on derivative financial instruments to noncontrolling interests |  | 29 |
Amortization of interest rate contracts reclassified from comprehensive income to interest expense |  | 752 |
Balance at December 31, 2020 |  | $ | (7,561) |
Operating Partnership |  | Cash Flow Hedges
Balance at January 1, 2018 |  | $ | 2,056 |
Change in fair market value during year |  | 1,478 |
Amortization of interest rate contracts reclassified from comprehensive income to interest expense |  | 1,191 |
Balance at December 31, 2018 |  | $ | 4,725 |
Change in fair market value during year |  | (8,210) |
Amortization of interest rate contracts reclassified from comprehensive income to interest expense |  | 770 |
Balance at December 31, 2019 |  | $ | (2,715) |
Change in fair market value during year |  | (5,972) |
Amortization of interest rate contracts reclassified from comprehensive income to interest expense |  | 752 |
Balance at December 31, 2020 |  | $ | (7,935) |
Over time, the unrealized gains and losses held in Accumulated Other Comprehensive Income (“AOCI”) will be reclassified to interest expense when the related hedged items are recognized in earnings. The current balance held in AOCI is expected to be reclassified to interest expense for realized losses on forecasted debt transactions over the related term of the debt obligation, as applicable. The Company expects to reclassify $0.8 million from AOCI into interest expense within the next twelve months.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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