Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Interest Rate Swaps

The fair values of the interest rate swaps as of September 30, 2021 and December 31, 2020, are as follows (in thousands):

					Fair Value
					Derivative Liabilities
Derivative Instrument	Aggregate Notional Amount		Effective Date	Maturity Date	September 30, 2021		December 31, 2020
Interest rate swaps	$	100,000	March 31, 2017	July 21, 2023	$	(1,689)	$	(2,671)
Interest rate swaps	50,000		March 31, 2017	July 21, 2023	—		(1,338)
Interest rate swaps	100,000		June 29, 2018	July 21, 2023	—		(6,246)
					$	(1,689)	$	(10,255)

Schedule of Unrealized Gain (Loss) and Reclassification of Interest Rate Swap

The net unrealized gains or losses on the effective swaps are recognized in Other comprehensive income (loss), as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Unrealized gain (loss) on interest rate hedges	$	221	$	1,774	$	2,805	$	(34,582)

Amounts reported in Accumulated other comprehensive loss related to effective cash flow hedges will be reclassified to interest expense as interest payments are made on our variable-rate debt. The gains or losses reclassified from Accumulated other comprehensive loss into interest expense for the three and nine months ended September 30, 2021 and 2020, were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Loss reclassified from Accumulated other comprehensive loss into interest expense	$	511	$	—	$	1,530	$	—