Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2021

Derivatives and Hedging Activities [Abstract]

Fair Values 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	June 30, 2021		December 31, 2020
Interest Rate Swap - Asset	Other Assets	$	4,304	$	1,145
Interest Rate Swap - Liability	Accrued Expenses	$	97	$	105

Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income

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

	Amount of Gain or (Loss) Recognized in OCI on Derivative
	Three Months Ended				Six Months Ended
Derivatives in Cash flow	June 30,				June 30,
Hedging Relationships:	2021		2020		2021		2020
Interest Rate Swaps	$	(778)	$	—	$	3,101	$	—

		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income
		Three Months Ended				Six Months Ended
Derivatives in Cash flow	Income Statement	June 30,				June 30,
Hedging Relationships:	Location	2021		2020		2021		2020
Interest Rate Swaps	Other Income	$	(38)	$	—	$	(65)	$	—