Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

As of March 31, 2019, we had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (in thousands, except number of instruments):

Cash Flow Hedges	March 31, 2019
Number of instruments	2
Notional amount	$	155,000

The table below presents the fair value of our derivative financial instruments designated as cash flow hedges as well as the classification in the accompanying condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, respectively (in thousands).

	Asset Derivatives
		Fair Value at:
Derivatives Designated as Hedging Instruments:	Balance Sheet Location	March 31, 2019		December 31, 2018
Interest rate swaps	Receivables and other assets	$	594	$	1,111

The table below presents the gain or loss recognized on our derivative financial instruments designated as cash flow hedges as well as the classification in the accompanying condensed consolidated statements of operations for the three months ended March 31, 2019 and 2018, respectively (in thousands).

	Gain (Loss) Recognized in OCI on Derivative						Gain (Loss) Reclassified from Accumulated OCI into Income
	Three Months Ended March 31,						Three Months Ended March 31,
Derivatives Cash Flow Hedging Relationships:	2019			2018		Statement of Operations Location	2019		2018
Interest rate swaps	$	(21	)	$	970	Interest expense	$	369	$	70

Schedule of Derivative Assets Subject to Master Netting Arrangements

The table below sets forth the net effects of offsetting and net presentation of our derivatives as of March 31, 2019 and December 31, 2018, respectively (in thousands). The net amounts of derivative assets can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets are presented in the accompanying condensed consolidated balance sheets.

	Offsetting of Derivative Assets
	Gross Amounts of Recognized Assets		Gross Amounts in the Balance Sheets		Net Amounts of Assets Presented in the Balance Sheets		Financial Instruments		Cash Collateral Received		Net Amount
March 31, 2019	$	594	$	—	$	594	$	—	$	—	$	594
December 31, 2018	1,111		—		1,111		—		—		1,111