Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The composition of financial instruments is as follows:

	March 31, 2020		December 31, 2019
	(in thousands)
Liabilities
Interest rate swap	$	231	$	37

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents a summary of the Company’s financial instruments that are measured on a recurring basis:

			Fair Value Measurements
	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Liabilities
Interest rate swap, March 31, 2020	$	231	$	—	$	231	$	—
Interest rate swap, December 31, 2019	$	37	$	—	$	37	$	—

Derivative Instruments and Hedging Activities Disclosure

The following table summarizes activity for the interest rate swap:

	Three Months Ended
	March 31, 2020		March 31, 2019
	(in thousands)
Interest rate swap asset (liability)
Beginning balance	$	(37)	$	1,623
Unrealized loss recognized in other comprehensive income (loss)	(194)		(618)
Ending balance	$	(231)	$	1,005