Financial Instruments: Derivatives and Hedging (Tables)

6 Months Ended

Jun. 30, 2022

Financial Instruments: Derivatives and Hedging

Schedule of notional and fair value of derivative financial instruments

	Notional		Strike		Effective	Expiration	Fair Value (2) at
(in thousands)	Value		Rate		Date	Date	June 30, 2022		December 31, 2021
2019 BMO Interest Rate Swap (1)	$	165,000	2.39	%	Aug-20	Jan-24	$	1,951	$	(5,239)
(1) The Notional Value decreased to $165 million on June 4, 2021.
(2) Classified within Level 2 of the fair value hierarchy.

Summary of Interest Rate Swaps that was recorded in OCI

(in thousands)	Six Months Ended June 30,
Interest Rate Swaps in Cash Flow Hedging Relationships:	2022		2021
Amounts of gain recognized in OCI	$	5,600	$	2,542
Amounts of previously recorded loss reclassified from OCI into Interest Expense	$	(1,589)	$	(5,344)
Total amount of Interest Expense presented in the consolidated statements of operations	$	11,030	$	18,654