Derivative Instruments and Hedging Activity (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activity

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	2019	2018	2019		2018
Interest Rate Swap	12	10	$	240,000	$	258,543

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 condensed consolidated balance sheets (in thousands).

	Asset Derivatives
	September 30, 2019		December 31, 2018
	Fair Value		Fair Value
Derivatives designated as cash flow hedges:
Interest Rate Swaps	$	—	$	2,539

	Liability Derivatives
	September 30, 2019		December 31, 2018
	Fair Value		Fair Value
Derivatives designated as cash flow hedges:
Interest Rate Swaps	$	14,016	$	1,135

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 condensed consolidated statements of  income and comprehensive income for the three and nine months ended September 30, 2019 and 2018 (in thousands).

						Location of
						Income/(Loss)
	Derivatives in					Reclassified from	Amount of Income/(Loss)
	Cash Flow					Accumulated OCI	Reclassified from
	Hedging	Amount of Income/(Loss) Recognized				into Income	Accumulated OCI into Expense
	Relationships	in OCI on Derivative (Effective Portion)				(Effective Portion)	(Effective Portion)
Three Months Ended September 30,		2019		2018			2019		2018
	Interest rate swaps	$	(7,418)	$	454	Interest Expense	$	22	$	67

Nine Months Ended September 30,		2019		2018			2019		2018
	Interest rate swaps	$	(14,617)	$	3,166	Interest Expense	$	366	$	(24)

Offsetting Assets And Liabilities [Table Text Block]

The table below presents a gross presentation of the effects of offsetting and a net presentation of the Company’s derivatives as of September 30, 2019 and December 31, 2018. 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 condensed consolidated balance sheets (in thousands):

Offsetting of Derivative Assets as of September 30, 2019

Gross Amounts

Net Amounts of

Offset in the

Assets presented

Gross Amounts Not Offset in the

Gross Amounts

Statement of

in the Statement

Statement of Financial Position

of Recognized

Financial

of Financial

Financial

Cash Collateral

Assets

Position

Position

Instruments

Received

Net Amount

Derivatives

$

—

$

—

$

—

$

—

$

—

$

—

Offsetting of Derivative Liabilities as of September 30, 2019

Net Amounts of

Gross Amounts

Liabilities

Offset in the

presented in the

Gross Amounts Not Offset in the

Gross Amounts

Statement of

Statement of

Statement of Financial Position

of Recognized

Financial

Financial

Financial

Cash Collateral

Liabilities

Position

Position

Instruments

Posted

Net Amount

Derivatives

$

14,016

$

—

$

14,016

$

—

$

—

$

14,016

Offsetting of Derivative Assets as of December 31, 2018

Gross Amounts

Net Amounts of

Offset in the

Assets presented

Gross Amounts Not Offset in the

Gross Amounts

Statement of

in the Statement

Statement of Financial Position

of Recognized

Financial

of Financial

Financial

Cash Collateral

Assets

Position

Position

Instruments

Received

Net Amount

Derivatives

$

2,539

$

—

$

2,539

$

(575)

$

—

$

1,964

Offsetting of Derivative Liabilities as of December 31, 2018

Net Amounts of

Gross Amounts

Liabilities

Offset in the

presented in the

Gross Amounts Not Offset in the

Gross Amounts

Statement of

Statement of

Statement of Financial Position

of Recognized

Financial

Financial

Financial

Cash Collateral

Liabilities

Position

Position

Instruments

Posted

Net Amount

Derivatives

$

1,135

$

—

$

1,135

$

(575)

$

—

$

560