Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding interest rate derivatives

As of March 31, 2019, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (dollars in thousands):

Interest Rate Derivative	Current Notional Amount		Fixed Rate		Maturity
Interest rate cap on LIBOR	$	29,000	3.00	%	July 10, 2019
Interest rate swap	1,267		5.25	%	April 1, 2022
Interest rate swap	25,933		3.61	%	May 6, 2023
Interest rate swap	27,000		4.05	%	September 19, 2026

Schedule of fair value of derivative financial instruments and classification on consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheets as of the dates indicated (dollars in thousands):

Derivatives as of:
March 31, 2019			December 31, 2018
Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Other Assets	$	1,565	Other Assets	$	2,434

Schedule of effect of derivative financial instrument on consolidated statements of comprehensive (loss) income

The following table presents the effect of the Company’s interest rate swaps on the consolidated statements of comprehensive (loss) income for the dates indicated (dollars in thousands):

	Three Months Ended March 31,
	2019		2018
Amount of gain (loss) recognized on derivative in Other Comprehensive Income	$	(743)	$	1,132
Amount of gain (loss) reclassified from Accumulated Other Comprehensive Income into Interest expense	$	118	$	—
Total amount of Interest expense presented in the Consoldiated Statement of Operations	$	8,769	$	8,657