Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the terms and fair values of our derivative financial instruments, as well as their classifications within the consolidated balance sheets (notional amounts and fair values in thousands):

								Fair Value
Effective Date	Maturity Date	Notional Amount		Bank Pay Rate		Company Fixed Pay Rate		September 30, 2020		December 31, 2019
Assets (Liabilities)(1):
Interest rate swaps:
April 13, 2016	January 1, 2021	175,000		1	month LIBOR	1.03	%	$	(411)	$	1,018
March 1, 2018	January 31, 2021	40,000		1	month LIBOR	2.47	%	(311)		(376)
August 14, 2018	January 1, 2021	150,000		1	month LIBOR	2.20	%	(817)		(896)
July 1, 2019	February 1, 2024	25,000		1	month LIBOR	1.75	%	(1,314)		(170)
January 1, 2021	February 1, 2024	150,000		1	month LIBOR	0.60	%	(2,043)		—
January 1, 2021	February 1, 2024	$	100,000	1	month LIBOR	0.22	%	$	(238)	—
Total		$	640,000					$	(5,134)	$	(424)

(1)Asset balances are recorded in prepaids and other assets on the consolidated balance sheets and liabilities are recorded in other liabilities on the consolidated balance sheets.

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Interest Rate Swaps:
Amount of loss recognized in other comprehensive income (loss) on derivative	$	1,463	$	(1,011)	$	(4,711)	$	(6,576)