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Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of activity and fair value of interest rate swaps

The fair value of our interest rate swaps is as follows (in thousands):


	September 30, 2020
Balance Sheet Location	Estimated Fair Value

Accounts payable and accrued expenses		$	(15,995)


	December 31, 2019
Balance Sheet Location	Estimated Fair Value
Prepaid expenses and other assets		$	59
Accounts payable and accrued expenses		$	(5,660)

A summary of our interest rate swap activity is as follows (in thousands):


	Amount Recognized as Comprehensive Income (Loss)		Location of Income (Loss) Recognized in Earnings	Amount of Income (Loss) Recognized in Earnings (1)
Three months ended September 30, 2020	$	1,241	Interest expense	$	(1,217)
Three months ended September 30, 2019	$	(2,235)	Interest expense	$	274

Nine months ended September 30, 2020	$	(10,395)	Interest expense	$	(2,388)
Nine months ended September 30, 2019	$	(11,740)	Interest expense	$	1,091

(1) There was no ineffective portion of our interest rate swaps to recognize in earnings for the three and nine months ended September 30, 2020 and 2019.