Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

The following table summarizes the changes in accumulated other comprehensive income by component for the Company and the Operating Partnership for the nine months ended September 30, 2020:


	Derivative Instruments		Accumulated Other Comprehensive Loss of the Operating Partnership		Comprehensive Loss Attributable to Noncontrolling Interest of the Company		Accumulated Other Comprehensive Loss of the Company
Balance as of December 31, 2019	$	(7,013)	$	(7,013)	$	130	$	(6,883)
Other Comprehensive Loss Before Reclassifications	(18,222)		(18,222)		289		(17,933)
Amounts Reclassified from Accumulated Other Comprehensive Loss	4,847		4,847		—		4,847
Net Current Period Other Comprehensive Loss	(13,375)		(13,375)		289		(13,086)
Balance as of September 30, 2020	$	(20,388)	$	(20,388)	$	419	$	(19,969)

The following table summarizes the reclassifications out of accumulated other comprehensive income for both the Company and the Operating Partnership for the three and nine months ended September 30, 2020 and 2019:


	Amounts Reclassified from Accumulated Other Comprehensive Loss (Income)
Details about Accumulated Other Comprehensive Income Components	Three Months Ended September 30, 2020		Three Months Ended September 30, 2019		Nine Months Ended September 30, 2020		Nine Months Ended September 30, 2019		Affected Line Items in the Consolidated Statements of Operations
Derivative Instruments:
Amortization of Previously Settled Derivative Instruments	$	103	$	83	$	308	$	131	Interest Expense
Net Settlement Payments (Receipts) to our Counterparties	2,250		(287)		4,338		(1,413)		Interest Expense
Acceleration of 2020 Swap (as defined in Note 10)	201		—		201		—		General & Administrative
Total	$	2,554	$	(204)	$	4,847	$	(1,282)

The changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $410 into net income by increasing interest expense for derivative instruments we settled in previous periods. Additionally, recurring settlement amounts on the 2014 Swaps and the 2015 Swaps (as defined in Note 10) will also be reclassified to net income.