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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

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 at December 31,
(in thousands)								Assets (Liabilities) (1)
Effective Date	Maturity Date	Notional Amount		Bank Pays Variable Rate of	Regency Pays Fixed Rate of			2022		2021
4/7/16	4/1/23	$	18,637	LIBOR		1.303	%	$	152		(175	)
12/1/16	11/1/23		31,131	SOFR		1.490	%		883		(412	)
9/17/19	3/17/25		24,000	SOFR		1.443	%		1,443		(364	)
6/2/17	6/2/27		35,446	SOFR		2.261	%		2,158		(1,907	)
12/20/19 (2)	12/19/26		24,365	LIBOR		1.750	%		1,939		—
Total derivative financial instruments								$	6,575		(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.

(2)

The Company assumed this interest rate swap which hedges debt also assumed with the purchase of Baederwood Shoppes in May 2022.

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 Loss (Gain) Reclassified from AOCI into Income							Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded
	Year ended December 31,								Year ended December 31,							Year ended December 31,
(in thousands)	2022		2021		2020				2022		2021		2020			2022		2021		2020
Interest rate swaps	$	20,061		5,391		(19,187	)	Interest expense, net	$	833		4,141		8,790	Interest expense, net	$	146,186		145,170		156,678
								Early extinguishment of debt (1)	$	—		—		2,472	Early extinguishment of debt	$	—		—		21,837

(1)

At December 31, 2020, based on intent to repay the Term Loan in January 2021, the Company recognized the Accumulated other comprehensive loss for the Term Loan swap in earnings within Early extinguishment of debt.