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Derivatives (Tables)
12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Summarizing Terms of Entity's Derivative Financial Instruments
The following table summarizes the terms of the Company’s 22 derivative financial instruments, which have a total combined notional amount of $2,091,270 as of December 31, 2020:
 
Hedge ProductRange of Notional AmountsStrikeEffective DatesMaturity Dates
Swap Agreements
$33,681 - $238,139
1.07% - 3.87%
7/8/2015 - 3/30/20204/1/2021 - 6/29/2026
Schedule of Balance Sheet Classification and Fair Value of Entity's Derivative Financial Instruments
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets:
Asset / Liability Derivatives
December 31, 2020December 31, 2019
Derivatives designated as hedging instruments:Fair Value
Other assets$— $6,214 
Other liabilities$98,325 $31,400 
Schedule of Information Relating to Gain (Loss) Recognized on Swap Agreements
The tables below present the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the periods presented. No tax effect has been presented as the derivative instruments are held by the Company:
 
 Gain (loss) recognized in OCI For the Year Ended December 31,Location of amounts reclassified from OCI into incomeGain (loss) reclassified from OCI For the Year Ended December 31,
Type20202019202020192018
Swap Agreements$(100,352)$(54,680)Interest expense$(26,794)$12,322 $8,258