DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Foreign Currency Collar

The following table summarizes the notional amount and other information related to the Company’s foreign currency collars as of September 30, 2020 and December 31, 2019. The notional amount is an indication of the extent of the Company’s involvement in each instrument at that time, but does not represent exposure to credit, interest rate or market risks (currency in thousands):

	September 30, 2020		December 31, 2019		Strike Price	Trade Date	Maturity Date
Derivative Instruments	Number of Instruments	Notional Amount	Number of Instruments	Notional Amount
Derivative instruments not designated as hedging instruments
Foreign currency collar	—	—	—	—	3.70 - 3.82 ILS - USD	03/17/2020	9/16/2020 (1)
Foreign currency collar	—	—	—	—	3.5875 - 3.725 ILS - USD	03/16/2020	9/16/2020 (1)
Foreign currency collar	—	—	1	776,182 ILS	3.38 - 3.4991 ILS - USD	11/25/2019	02/26/2020

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(1) On July 29, 2020, the Company terminated the foreign currency collars and as a result received $14.1 million.

Schedule of Interest Rate Derivatives

The following table summarizes the notional amounts and other information related to the Company’s derivative instruments as of September 30, 2020. The notional amount is an indication of the extent of the Company’s involvement in the instrument at that time, but does not represent exposure to credit, interest rate or market risks (dollars in thousands):

Derivative Instrument	Effective Date	Maturity Date	Notional Value		Reference Rate
Interest rate cap	04/02/2018	03/05/2021	$	77,513	One-month LIBOR at 3.50%
Interest rate cap	06/21/2019	05/22/2023	$	51,252	One-month LIBOR at 4.00%
Interest rate cap	02/12/2020	02/16/2021	$	46,875	One-month LIBOR at 3.00%

Schedule of Derivative Instruments in Statement of Financial Position

The following table sets forth the fair value of the Company’s derivative instruments as well as their classification on the consolidated balance sheets as of September 30, 2020 and December 31, 2019 (dollars in thousands):

		September 30, 2020			December 31, 2019
Derivative Instruments	Balance Sheet Location	Number of Instruments	Fair Value		Number of Instruments	Fair Value
Derivative instruments not designated as hedging instruments
Interest rate caps	Prepaid expenses and other assets	3	$	8	3	$	12
Foreign currency collars	Prepaid expenses and other assets (Other liabilities)	—	$	—	1	$	(179)