XML 46 R31.htm IDEA: XBRL DOCUMENT v3.20.4
Derivative and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Notional Amount and Fair Value of Instruments
Fair Value of Asset/(Liability)
Derivatives
Designated as
Hedging Instruments (1)
Fixed Rate Paid by
Company		Effective DateMaturity Date
Notional Value (2)
December 31, 2020 (3)
December 31, 
2019 (3)(4)
Interest Rate Swap2.06%5/14/20194/12/2024$100,000 $(6,176)$(1,996)
Interest Rate Swap2.06%5/14/20194/12/202450,000 (3,089)(999)
Interest Rate Swap2.07%5/14/20194/12/202450,000 (3,094)(1,005)
Interest Rate Swap1.61%12/9/201911/26/2026175,000 (11,838)758 
Interest Rate Swap1.61%12/9/201911/26/202650,000 (3,396)210 
Interest Rate Swap1.60%12/9/201911/26/202625,000 (1,675)127 
Interest Rate Swap1.36%7/9/202011/26/2026100,000 (5,353)— 
Interest Rate Swap1.36%7/9/202011/26/202680,000 (4,291)— 
$630,000 $(38,912)$(2,905)
 _____________________________________
(1)All interest rate swaps have a 1 month LIBOR variable rate paid by the bank.
(2)Notional value indicates the extent of the Company’s involvement in these instruments, but does not represent exposure to credit, interest rate or market risks.
(3)Derivatives in a liability position are included within derivative liabilities in the Company’s consolidated balance sheets totaling to $38.9 million and $4.0 million at December 31, 2020 and December 31, 2019, respectively.
(4)Derivatives in a net asset position are included within rent receivables, prepaid expenses and other assets, net in the Company’s consolidated balance sheets totaling to $1.1 million at December 31, 2019.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents amounts recorded to accumulated other comprehensive loss related to derivative and hedging activities for the periods presented:
Year ended December 31,
(in thousands) 20202019
Accumulated other comprehensive loss$(35,445)$(2,905)