Derivatives (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets:



							Fair Value
(in thousands)							Assets (Liabilities)⁽¹⁾
Effective Date	Maturity Date	Notional Amount		Counterparty Pays Variable Rate of	Regency Pays Fixed Rate of		March 31, 2019			December 31, 2018
12/6/18	6/28/19	$	250,000	30 year U.S. Treasury	3.147%	⁽²⁾	$	—		(5,491	)
4/3/17	12/2/20	$	300,000	1 Month LIBOR with Floor	1.824%		2,255			3,759
8/1/16	1/5/22	265,000		1 Month LIBOR with Floor	1.053%		8,110			10,838
4/7/16	4/1/23	20,000		1 Month LIBOR	1.303%		626			880
12/1/16	11/1/23	33,000		1 Month LIBOR	1.490%		918			1,376
6/2/17	6/2/27	37,500		1 Month LIBOR with Floor	2.366%		(224		)	629
							$	11,685		11,991

⁽¹⁾ Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities.
(2) On March 7, 2019, the Company settled its 30 year Treasury rate lock in connection with its issuance of the $300 million 4.65% unsecured notes due March 2049 for $5.7 million, which is included in the balance of AOCI and will be reclassified to earnings over the 30 year term of the hedged transaction.

Derivative Instruments, Gain (Loss)

The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements:



Location and Amount of Gain (Loss) Recognized in OCI on Derivative					Location and Amount of Gain (Loss) Reclassified from AOCI into Income					Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded
	Three months ended March 31,					Three months ended March 31,					Three months ended March 31,
(in thousands)	2019			2018		2019			2018		2019		2018
Interest rate swaps	$	(5,489	)	9,505	Interest expense	$	(176	)	2,138	Interest expense, net	$	37,752	36,785