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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 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

 

 

 

 

 

June 30,

2020

 

 

December 31,

2019

 

 

Balance Sheet

Classification

Derivatives designated as hedges:

 

 

 

 

 

 

 

 

 

 

5 year interest rate swap

 

$

(1,175

)

 

$

 

 

Other current (liabilities)

10 year interest rate swap

 

 

(2,446

)

 

 

(1,054

)

 

Other long-term (liabilities)

 

 

$

(3,621

)

 

$

(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

 

 

Six Months Ended

 

 

 

 

 

June 30,

 

 

June 30,

 

 

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

Income Statement

Classification

Derivatives designated as hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5 year interest rate swap

 

$

51

 

 

$

(47

)

 

$

45

 

 

$

(96

)

 

Increase (decrease) to interest expense

10 year interest rate swap

 

 

126

 

 

 

2

 

 

 

178

 

 

 

2

 

 

Increase (decrease) to interest expense

 

 

$

177

 

 

$

(45

)

 

$

223

 

 

$

(94

)