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Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2023

Derivatives and Hedging Activities [Abstract]

Fair Value of Derivative Instruments on the Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet:

				Fair Values of Derivative Instruments
Derivatives in Cash flow Hedging Relationships:		Balance Sheet Location		September 30, 2023				December 31, 2022
Interest Rate Swap - Asset		Prepaid expenses and other		$	10,201			$	9,156
Interest Rate Swap - Asset		Other assets		$	6,819			$	10,582

Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss

The tables below present the effect of cash flow hedge accounting on Accumulated Other Comprehensive Loss.

		Amount of Gain Recognized in OCI on Derivatives
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
Derivatives in Cash flow Hedging Relationships:		2023				2022				2023				2022
Interest Rate Swaps		$	1,515			$	5,832			$	4,573			$	15,903

				Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Income
				Three Months Ended								Nine Months Ended
				September 30,								September 30,
Derivatives in Cash flow Hedging Relationships:		Income Statement Location		2023				2022				2023				2022
Interest Rate Swaps		Other expense, net		$	2,628			$	1,040			$	7,291			$	1,323

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- References

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- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

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- Definition

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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

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