Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Investments All Other Investments [Abstract]

The following table summarizes our bond activity for the three months ended March 31, 2020 and the twelve months ended December 31, 2019 (in thousands):

	Three Months Ended			Twelve Months Ended
	March 31, 2020			December 31, 2019
Fair value at beginning of period	$	60,659		$	56,556
Purchases		3,447			27,216
Sales		(13,768	)		(1,686	)
Maturities and calls		(3,350	)		(22,272	)
Change in bond premium		(343	)		(460	)
Fair market value adjustment		(797	)		1,305
Fair value at end of period	$	45,848		$	60,659

Summary of Outstanding Interest Rate Swaps

The following table summarizes our outstanding interest rate swaps and their classification in the accompanying Consolidated Balance Sheets at March 31, 2020 and December 31, 2019 (in thousands):

	March 31, 2020
	Notional		Fair
	Amount		Value			Balance Sheet Location
Interest rate swaps	$	35,000	$	(178	)	Other current liabilities
Interest rate swaps	$	35,000	$	(1,706	)	Other non-current liabilities
Interest rate swap	$	50,000	$	492		Other non-current assets
	December 31, 2019
	Notional		Fair
	Amount		Value			Balance Sheet Location
Interest rate swaps	$	45,000	$	(591	)	Other non-current liabilities
Interest rate swap	$	25,000	$	66		Other current assets

Summary of Effects of Interest Rate Swap

The following table summarizes the effects of the interest rate swap on our accompanying Consolidated Statements of Comprehensive Income for the three months ended March 31, 2020 and 2019 (in thousands):

	Loss Recognized in AOCL, Net of Tax						(Loss) Gain Reclassified from AOCL into Expense
	Three Months Ended						Three Months Ended
	March 31,						March 31,
	2020			2019			2020			2019
Interest rate swaps	$	(653	)	$	(427	)	$	(34	)	$	139