Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in accumulated other comprehensive income (loss) by component for the Company and the Operating Partnership for the years ended December 31, 2021 and 2020:

	Derivative Instruments		Total for Operating Partnership		Comprehensive Income (Loss) Attributable to Noncontrolling Interest		Total for Company
Balance as of December 31, 2019	$	(7,013)	$	(7,013)	$	130	$	(6,883)
Other Comprehensive Loss Before Reclassifications	(17,422)		(17,422)		225		(17,197)
Amounts Reclassified from Accumulated Other Comprehensive Loss	7,127		7,127		—		7,127
Net Current Period Other Comprehensive Loss	(10,295)		(10,295)		225		(10,070)
Balance as of December 31, 2020	$	(17,308)	$	(17,308)	$	355	$	(16,953)
Other Comprehensive Income Before Reclassifications	6,146		6,146		(262)		5,884
Amounts Reclassified from Accumulated Other Comprehensive Loss	6,831		6,831		—		6,831
Net Current Period Other Comprehensive Income	12,977		12,977		(262)		12,715
Balance as of December 31, 2021	$	(4,331)	$	(4,331)	$	93	$	(4,238)

The following table summarizes the reclassifications out of accumulated other comprehensive income (loss) for both the Company and the Operating Partnership for the years ended December 31, 2021, 2020 and 2019:

	Amount Reclassified from Accumulated Other Comprehensive Loss (Income)
Accumulated Other Comprehensive (Income) Loss Components	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Affected Line Items in the Consolidated Statements of Operations
Derivative Instruments:
Amortization of Previously Settled Derivative Instruments	410		410		233		Interest Expense
Net Settlement Payments (Receipts) to our Counterparties	6,421		6,516		(1,217)		Interest Expense
Acceleration of 2020 Swap (as defined in Note 12)	—		201		—		General & Administrative
	$	6,831	$	7,127	$	(984)	Total

The effective portion of 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 2015 Swaps and 2021 Swaps (as defined in Note 12) will also be reclassified to net income.