DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following table summarizes the notional amount and other information related to the Company’s foreign currency collars as of June 30, 2021 and December 31, 2020. The notional amount is an indication of the extent of the Company’s involvement in each instrument at that time, but does not represent exposure to credit, interest rate or market risks (currency in thousands):

	June 30, 2021		December 31, 2020		Strike Price	Trade Date	Maturity Date
Derivative Instruments	Number of Instruments	Notional Amount	Number of Instruments	Notional Amount
Derivative instruments not designated as hedging instruments
Foreign currency collar	1	194,045 ILS	—	—	3.16 - 3.29 ILS - USD	06/14/2021	11/22/2021

The following table summarizes the notional amounts and other information related to the Company’s derivative instruments as of June 30, 2021. The notional amount is an indication of the extent of the Company’s involvement in the instrument at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands):

Derivative Instrument	Effective Date	Maturity Date	Notional Value		Reference Rate
Interest rate cap	07/25/2019	08/10/2021	$	65,325	One-month LIBOR at 4.00%
Interest rate cap	07/25/2019	08/10/2021	$	1,675	One-month LIBOR at 4.00%
Interest rate cap	08/30/2019	09/15/2021	$	75,950	One-month LIBOR at 3.50%
Interest rate cap	10/15/2020	10/15/2021	$	26,200	One-month LIBOR at 3.00%
Interest rate cap	02/12/2021	02/14/2022	$	47,715	One-month LIBOR at 3.00%
Interest rate cap	06/21/2019	05/22/2023	$	51,252	One-month LIBOR at 4.00%

Schedule of Derivative Instruments in Statement of Financial Position

The following table sets forth the fair value of the Company’s derivative instruments as well as their classification on the consolidated balance sheets as of June 30, 2021 and December 31, 2020 (dollars in thousands):

		June 30, 2021			December 31, 2020
Derivative Instruments	Balance Sheet Location	Number of Instruments	Fair Value		Number of Instruments	Fair Value
Derivative instruments not designated as hedging instruments
Interest rate caps	Prepaid expenses and other assets	6	$	3	7	$	1
Foreign currency collar	Other liabilities	1	$	(339)	—	$	—