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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
A detail of Piedmont’s interest rate derivatives outstanding as of December 31, 2019 is as follows:

Interest Rate Derivatives:Number of Swap AgreementsAssociated Debt InstrumentNotional Amount
(in millions)		Effective DateMaturity Date
Interest rate swaps3  Amended and Restated $300 Million Unsecured 2011 Term Loan  $300  11/22/20161/15/2020
Interest rate swaps2  $250 Million Unsecured 2018 Term Loan  100  3/29/20183/31/2025
Interest rate swaps1  $250 Million Unsecured 2018 Term Loan  50  3/29/20183/29/2020
    Total$450  
Schedule of Interest Rate Derivatives A detail of Piedmont’s interest rate derivatives on a gross and net basis as of December 31, 2019 and 2018, respectively, is as follows (in thousands):
Interest rate swaps classified as:December 31, 2019December 31, 2018
Gross derivative assets$—  $1,199  
Gross derivative liabilities(5,121) (839) 
Net derivative asset/(liability)$(5,121) $360  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The gain/(loss) on Piedmont's interest rate derivatives, including previously settled forward swaps, that was recorded in OCI and the accompanying consolidated statements of income as a component of interest expense for the years ended December 31, 2019, 2018, and 2017, respectively, was as follows (in thousands):

Interest Rate Swaps in Cash Flow Hedging Relationships:201920182017
Amount of gain/(loss) recognized in OCI$(5,659) $692  $2,479  
Amount of previously recorded gain/(loss) reclassified from OCI into Interest Expense
$1,836  $1,558  $(3,502) 
Amount of loss recognized on derivatives reclassified from OCI into Loss on Extinguishment of Debt
$—  $(1,258) $—  
Total amount of Interest Expense presented in the consolidated statements of income
$(61,594) $(61,023) $(68,124) 
Total amount of Loss on Extinguishment of Debt presented in the consolidated statements of income (1)
$—  $(1,680) $—  

(1)Includes the write-off of approximately $0.4 million of discounts and unamortized debt issuance costs associated with the repayment of the $300 Million Unsecured 2013 Term Loan in January 2018.