Derivative and Hedging (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instrument as Well as its Classification on the Consolidated Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification in the condensed consolidated balance sheets. The fair value of these instruments was estimated using an income approach and observable market inputs (Level II):

(in thousands)	June 30, 2019		December 31, 2018
Balance sheet location of derivative financial instruments:
Prepaid expenses and other	$	2,275	$	4,930
Deferred charges and other assets, net	1,733		8,323
Total derivatives designated as hedging instruments	$	4,008	$	13,253

Schedule of Accumulated Other Comprehensive Income (Loss)

The table below summarizes changes in accumulated other comprehensive income (loss) by component:

	Six Months Ended June 30, 2019
(in thousands)	Gains (Losses) on Cash Flow Hedges			Income Tax (Expense) Benefit			Accumulated Other Comprehensive Income (Loss), net of taxes
Balance as of December 31, 2018	$	13,253		$	(4,973	)	$	8,280
Net change in unrealized gain (loss)	(6,771		)	1,688			(5,083		)
Amounts reclassified from accumulated other comprehensive income to interest expense	(2,474		)	617			(1,857		)
Net current period other comprehensive income (loss)	(9,245		)	2,305			(6,940		)
Balance as of June 30, 2019	$	4,008		$	(2,668	)	$	1,340