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Derivative Instruments
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments DERIVATIVE INSTRUMENTS
The Company's Senior Credit Agreement requires the Company to maintain derivative instruments for protection from fluctuating interest rates, for at least twenty-five percent of the outstanding balance of the term loan issued in November 2018. Accordingly, the Company entered into additional interest rate swaps in December 2018 and January 2019 having initial notional values of $150.0 million and $150.0 million, respectively, and forward start dates of December 31, 2018 and June 28, 2019. The table below provides information about the Company’s interest rate swaps (in thousands):
  June 30, 2020December 31, 2019
Expiration DateStated
Interest
Rate		Notional
Amount		Market
Value
(Liability)		Notional
Amount		Market
Value
(Liability)
May 5, 20211.090 %16,875  (116) 20,625  111  
May 30, 20211.703 %16,875  (204) 20,625  (25) 
December 31, 20212.706 %142,500  (5,400) 146,250  (3,242) 
March 31, 20221.900 %50,000  (1,570) 50,000  (408) 
March 31, 20221.950 %75,000  (2,415) 75,000  (696) 
March 31, 20232.425 %144,375  (8,636) 148,125  (3,866) 
The outstanding interest rate swaps are not designated as hedges for accounting purposes. The effects of future fluctuations in LIBOR interest rates on derivatives held by the Company will result in the recording of unrealized gains and losses into the statement of operations. The Company recorded a net gain on derivatives of $0.7 million and a net loss of $10.2 million for the three and six month periods ending June 30, 2020, respectively, compared to net losses of $6.9 million and $10.7 million for the corresponding periods of 2019. The liability for outstanding derivatives is recorded in other liabilities and in accrued expenses.