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Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Interest Rate Swaps
The fair values of the interest rate swap as of September 30, 2022 and December 31, 2021, were as follows (in thousands):
Fair Value
Derivative Assets (Liabilities)
Derivative InstrumentAggregate Notional AmountEffective DateMaturity DateSeptember 30, 2022December 31, 2021
Interest rate swap$100,000 March 31, 2017July 21, 2023$2,463 $(821)
Schedule of Unrealized Gain (Loss) and Reclassification of Interest Rate Swap The net unrealized gains or losses on the effective swaps were recognized in Other comprehensive income (loss), as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Unrealized gain on interest rate hedges$442 $221 $3,284 $2,805 
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, 2022 and 2021, were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Loss reclassified from accumulated other comprehensive loss into interest expense$509 $511 $1,529 $1,530