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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2021
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 as of December 31, 2021 and 2020 (notional amounts and fair values in thousands):
Fair Value
Effective DateMaturity DateNotional AmountBank Pay RateCompany Average Fixed Pay Rate20212020
Assets (Liabilities) (1):
April 13, 2016January 1, 2021$175,000 1 month LIBOR1.03 %$— $(17)
March 1, 2018January 31, 202140,000 1 month LIBOR2.47 %— (75)
August 14, 2018January 1, 2021150,000 1 month LIBOR2.20 %— (34)
July 1, 2019 February 1, 202425,000 1 month LIBOR1.75 %(459)(1,192)
January 1, 2021February 1, 2024150,000 1month LIBOR0.60 %828 (1,901)
January 1, 2021February 1, 2024100,000 1month LIBOR0.22 %1,331 (139)
March 1, 2021February 1, 202425,000 1month LIBOR0.24 %326 — 
Total$2,026 $(3,358)
(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 for the years ended December 31, 2021, 2020 and 2019, respectively (in thousands):
202120202019
Interest Rate Swaps (Effective Portion):
Amount of gain (loss) recognized in other comprehensive income (loss)$5,383 $(2,934)$(6,174)