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Derivative Instruments
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments DERIVATIVE INSTRUMENTS
The Company maintains derivative instruments for protection from fluctuating interest rates. The table below provides information about the Company’s interest rate swaps (dollars in thousands):
  June 30, 2022December 31, 2021
Expiration DateStated
Interest
Rate		Notional
Amount		Market
Value
(Liability)		Notional
Amount		Market
Value
(Liability)
March 31, 20221.900 %$— $— $50,000 $(221)
March 31, 20221.950 %— — 75,000 (341)
March 31, 20232.425 %129,375 518 133,125 (3,041)
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 net gains on derivatives of $1.4 million and $4.1 million for the three and six month periods ending June 30, 2022, respectively, compared to net gains of $2.3 million and $4.8 million for the corresponding periods of 2021. The liability for outstanding derivatives is recorded in other liabilities and in accrued expenses.