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DERIVATIVE INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020.
(in thousands)
September 30, 2021December 31, 2020
Balance Sheet LocationFair ValueFair Value
Total derivative instruments designated as hedging instruments - interest rate swapsAccounts Payable and Accrued Expenses$6,012 $15,905 
Total derivative instruments not designated as hedging instruments - interest rate swapsAccounts Payable and Accrued Expenses$1,457 $— 
Schedule of Derivative Instruments
The table below presents the effect of the Company’s derivative financial instruments on the Condensed Consolidated Statements of Operations as of September 30, 2021 and 2020.
(in thousands)
Gain (Loss) Recognized in OCI Location of Gain (Loss) Reclassified from Accumulated OCI into IncomeGain (Loss) Reclassified from Accumulated OCI into Income
Three months ended September 30,2021202020212020
Total derivatives in cash flow hedging relationships - Interest rate contracts$(70)$(210)Interest expense$(940)$(1,093)
Nine months ended September 30,
Total derivatives in cash flow hedging relationships - Interest rate contracts$1,555 $(11,314)Interest expense$(3,156)$(1,665)