Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

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		Receive Variable Rate of	Pay Fixed Rate of	March 31, 2022		December 31, 2021
4/7/16	4/1/23	$	18,932	1 Month LIBOR	1.303%	$	90		(175	)
12/1/16	11/1/23		31,607	1 Month LIBOR	1.490%		357		(412	)
9/17/19	3/17/25		24,000	1 Month LIBOR	1.542%		633		(364	)
6/2/17	6/2/27		35,876	1 Month LIBOR with Floor	2.366%		162		(1,907	)
						$	1,242		(2,858	)

(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.

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)	2022		2021			2022		2021			2022		2021
Interest rate swaps	$	8,968		5,810	Interest expense	$	1,010		1,035	Interest expense, net	$	36,738		36,936