Derivative Instruments and Hedging Activity (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (in thousands, except number of instruments):

	Number of Instruments		Notional
	September 30,	December 31,	September 30,		December 31,
Interest Rate Derivatives	2018	2017	2018		2017
Interest Rate Swap	4	5	$	158,734	$	184,304

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The table below presents the estimated fair value of the Company’s derivative financial instruments, as well as their classification in the consolidated balance sheets (in thousands).

	Asset Derivatives
	September 30, 2018		December 31, 2017
	Fair Value		Fair Value
Derivatives designated as cash flow hedges:
Interest Rate Swaps	$	4,516	$	1,592

	Liability Derivatives
	September 30, 2018		December 31, 2017
	Fair Value		Fair Value
Derivatives designated as cash flow hedges:
Interest Rate Swaps	$	-	$	242

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The table below displays the effect of the Company’s derivative financial instruments in the consolidated statements of operations and other comprehensive loss for the three and nine months ended September 30, 2018 and 2017 (in thousands).

	Derivatives in Cash Flow Hedging Relationships	Amount of Income/(Loss) Recognized in OCI on Derivative (Effective Portion)				Location of Income/(Loss) Reclassifed from Accumulated OCI into Income (Effective Portion)	Amount of Income/(Loss) Reclassified from Accumulated OCI into Expense (Effective Portion)
Three months ended September 30		2018		2017			2018			2017
	Interest rate swaps	$	454	$	203	Interest Expense	$	67		$	(258	)
Nine months ended September 30		2018		2017			2018			2017
	Interest rate swaps	$	3,166	$	330	Interest Expense	$	(24	)	$	(1,085	)

Offsetting Assets And Liabilities [Table Text Block]

The gross amounts of derivative assets or liabilities can be reconciled to the Tabular Disclosure of Fair Values of Derivative Instruments above, which also provides the location that derivative assets and liabilities are presented on the consolidated balance sheets (in thousands):

Offsetting of Derivative Assets
As of September 30, 2018
							Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets presented in the statement of Financial Position		Financial Instruments		Cash Collateral Received		Net Amount
Derivatives	$	4,516	$	-	$	4,516	$	-	$	-	$	4,516

Offsetting of Derivative Liabilities

As of September 30, 2018

Gross Amounts Not Offset in the  Statement of Financial Position

Gross Amounts of Recognized Liabilities

Gross Amounts Offset in the Statement of Financial Position

Net Amounts of Liabilities presented in the statement of Financial Position

Financial Instruments

Cash Collateral Received

Net Amount

Derivatives

$

-

$

-

$

-

$

-

$

-

$

-

Offsetting of Derivative Assets
As of December 31, 2017
							Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets presented in the statement of Financial Position		Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	1,592	$	-	$	1,592	$	(42	)	$	-	$	1,550

Offsetting of Derivative Liabilities
As of December 31, 2017
							Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities presented in the statement of Financial Position		Financial Instruments			Cash Collateral Received		Net Amount
Derivatives	$	242	$	-	$	242	$	(42	)	$	-	$	200