Derivatives (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Offsetting Assets

As of September 30, 2020, the information related to these offsetting arrangements were as follows (in thousands):

Instrument Description	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
Derivatives	$	160	$	(160)	$	—
Liabilities:
Derivatives	(142,874)		160		(142,714)
Total	$	(142,714)	$	—	$	(142,714)

As of December 31, 2019, the information related to these offsetting arrangements were as follows (in thousands):

Instrument Description	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
Derivatives	$	683	$	(615)	$	68
Liabilities:
Derivatives	(64,361)		615		(63,746)
Total	$	(63,678)	$	—	$	(63,678)

Offsetting Liabilities

As of September 30, 2020, the information related to these offsetting arrangements were as follows (in thousands):

Instrument Description	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
Derivatives	$	160	$	(160)	$	—
Liabilities:
Derivatives	(142,874)		160		(142,714)
Total	$	(142,714)	$	—	$	(142,714)

As of December 31, 2019, the information related to these offsetting arrangements were as follows (in thousands):

Instrument Description	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
Derivatives	$	683	$	(615)	$	68
Liabilities:
Derivatives	(64,361)		615		(63,746)
Total	$	(63,678)	$	—	$	(63,678)

Summary of Derivative Instruments Classified as Derivative Assets

At September 30, 2020, the Company had the following derivative instruments (dollars in thousands):

Type	Quantity	Effective Dates	Maturity Dates	Hedge Interest Rates	Notional Amount		Fair Market Value
Interest rate swap	1	1/31/2020	4/30/2021	2.80%	$	100,000	$	(1,488)
Interest rate swap	1	4/29/2016	8/31/2022	1.27% - 1.29%	10,541		(222)
Interest rate swaps	8	7/31/2017 - 1/31/2018	4/30/2024 - 10/20/2024	2.16% - 2.39%	276,982		(20,212)
Interest rate swaps	3	4/30/2021	10/30/2026 - 10/31/2026	2.89% - 3.08%	102,720		(14,865)
Interest rate swaps	6	10/31/2019 - 10/30/2020	4/30/2027 - 8/13/2027	0.57% - 1.89%	156,156		(2,132)
Interest rate swaps	2	10/31/2019	10/31/2031	1.44% - 1.50%	22,696		(1,332)
Interest rate swaps	8	1/31/2018 - 7/31/2027	4/30/2034 - 10/31/2034	2.62% - 3.33%	356,652		(52,689)
Interest rate swaps	8	7/31/2017 - 10/18/2024	4/30/2035 - 10/31/2035	2.56% - 2.95%	275,317		(33,299)
Interest rate swap	1	10/18/2024	1/31/2036	2.95%	14,656		(1,686)
Interest rate swaps	3	10/30/2026 - 10/31/2026	1/31/2038	3.01% - 3.16%	101,135		(14,198)
Interest rate swaps	5	10/30/2020 - 8/13/2027	1/31/2043	1.02% - 1.43%	122,030		(591)
Total					$	1,538,885	$	(142,714)