Derivative Financial Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

As of September 30, 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):

Interest Rate Swaps	September 30, 2019
Number of instruments	7
Notional amount	$	500,000

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 September 30, 2019 and December 31, 2018, respectively (in thousands):

	Asset Derivatives					Liability Derivatives
		Fair Value at:					Fair Value at:
Derivatives Designated as Hedging Instruments:	Balance Sheet Location	September 30, 2019		December 31, 2018		Balance Sheet Location	September 30, 2019		December 31, 2018
Interest rate swaps	Receivables and other assets	$	1,293	$	1,111	Derivative financial instruments	$	1,152	$	—

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 and nine months ended September 30, 2019 and 2018, respectively (in thousands):

	Gain (Loss) Recognized in OCI on Derivative					Gain (Loss) Reclassified from Accumulated OCI into Income
	Three Months Ended September 30,					Three Months Ended September 30,
Derivatives Cash Flow Hedging Relationships:	2019		2018		Statement of Operations Location	2019		2018
Interest rate swaps	$	2,559	$	96	Interest expense	$	269	$	223

	Gain (Loss) Recognized in OCI on Derivative					Gain (Loss) Reclassified from Accumulated OCI into Income
	Nine Months Ended September 30,					Nine Months Ended September 30,
Derivatives Cash Flow Hedging Relationships:	2019		2018		Statement of Operations Location	2019		2018
Interest rate swaps	$	2,508	$	1,437	Interest expense	$	989	$	450

Schedule of Offsetting Derivative Assets

Tabular Disclosure of Offsetting Derivatives

The table below sets forth the net effects of offsetting and net presentation of our derivatives as of September 30, 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 Offset in the Balance Sheets		Net Amounts of Assets Presented in the Balance Sheets		Financial Instruments		Cash Collateral Received		Net Amount
September 30, 2019	$	571	$	722	$	1,293	$	—	$	—	$	1,293
December 31, 2018	1,111		—		1,111		—		—		1,111

Schedule of Offsetting Derivative Liabilities

	Offsetting of Derivative Liabilities
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheets		Net Amounts of Liabilities Presented in the Balance Sheets		Financial Instruments		Cash Collateral Received		Net Amount
September 30, 2019	$	430	$	722	$	1,152	$	—	$	—	$	1,152
December 31, 2018	—		—		—		—		—		—