XML 85 R39.htm IDEA: XBRL DOCUMENT v3.20.1
Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Liabilities at Fair Value

The fair values of outstanding derivative instruments are as follows (in thousands):

 

 

Fair Value of Derivatives

 

 

 

 

 

March 31,

2020

 

 

December 31,

2019

 

 

Balance Sheet

Classification

Derivatives designated as hedges:

 

 

 

 

 

 

 

 

 

 

5 year interest rate swap

 

$

(988

)

 

$

 

 

Other current (liabilities)

10 year interest rate swap

 

 

(2,348

)

 

 

(1,054

)

 

Other long-term (liabilities)

 

 

$

(3,336

)

 

$

(1,054

)

 

 

 

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The effect of the interest rate swaps on the Consolidated Statement of Operations was as follows (in thousands):

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

 

 

 

 

2020

 

 

2019

 

 

Income Statement

Classification

Derivatives designated as hedges:

 

 

 

 

 

 

 

5 year interest rate swap

 

$

(6

)

 

$

(49

)

 

(Decrease) to interest expense

10 year interest rate swap

 

 

52

 

 

 

 

 

Increase to interest expense

 

 

$

46

 

 

$

(49

)