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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions A detail of Piedmont’s interest rate derivatives outstanding as of December 31, 2018 is as follows:

Interest Rate Derivatives:
 
Number of Swap Agreements
 
Associated Debt Instrument
 
Notional Amount
(in millions)
 
Effective Date
 
Maturity Date
Interest rate swaps
 
3

 
Amended and Restated $300 Million Unsecured 2011 Term Loan
 
$
300

 
11/22/2016
 
1/15/2020
Interest rate swaps
 
2

 
$250 Million Unsecured 2018 Term Loan
 
100

 
3/29/2018
 
3/31/2025
Interest rate swaps
 
1

 
$250 Million Unsecured 2018 Term Loan
 
50

 
3/29/2018
 
3/29/2020
    Total
 
 
 
 
 
$
450

 
 
 
 
Schedule of Interest Rate Derivatives A detail of Piedmont’s interest rate derivatives on a gross and net basis as of December 31, 2018 and 2017, respectively, is as follows (in thousands):
    
Interest rate swaps classified as:
December 31, 2018
 
December 31, 2017
Gross derivative assets
$
1,199

 
$
688

Gross derivative liabilities
(839
)
 
(1,478
)
Net derivative asset/(liability)
$
360

 
$
(790
)
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) The gain/(loss) on Piedmont's interest rate derivatives, including previously settled forward swaps, that was recorded in OCI and the accompanying consolidated statements of income as a component of interest expense for the years ended December 31, 2018, 2017, and 2016, respectively, was as follows (in thousands):
Interest Rate Swaps in Cash Flow Hedging Relationships
2018
 
2017
 
2016
Amount of gain/(loss) recognized in OCI
$
692

 
$
2,479

 
$
(4,126
)
Amount of previously recorded gain/(loss) reclassified from OCI into Interest Expense
$
1,558

 
$
(3,502
)
 
$
(4,548
)
Amount of loss recognized on derivative reclassified from OCI into Loss on Extinguishment of Debt
$
(1,258
)
 
$
—

 
$
—

 
 
 
 
 
 
Total amount of Interest Expense presented in the consolidated statements of income
$
(61,023
)
 
$
(68,124
)
 
$
(64,860
)
Total amount of Loss on Extinguishment of Debt presented in the consolidated statements of income (1)
$
(1,680
)
 
$
—

 
$
—



(1) 
Includes the write-off of approximately $0.4 million of discounts and unamortized debt issuance costs associated with the repayment of debt. (see Note 4).