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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments designated as hedging instruments The following table presents a summary of the Company’s derivative instruments designated as hedging instruments (dollars in thousands):
Effective
Date
Maturity
Date
Interest
Rate
Strike
Fair ValueNotional Amount
December 31, 2019December 31, 2018December 31, 2019December 31, 2018
Derivative Instrument
Assets:
Interest Rate Cap12/1/20145/4/20214.0 %$—  $25  $50,000  $50,000  
Interest Rate Cap9/1/20154/1/20194.0 %—  —  —  50,000  
Interest Rate Cap9/1/20152/3/20204.0 %—  1  50,000  50,000  
Total$—  $26  $100,000  $150,000  
Schedule of effects of derivative financial instruments on consolidated statements of operations
The following table presents the effect of the Company’s derivative financial instruments on its accompanying consolidated statements of operations for years ended December 31, 2019 and 2018 (dollars in thousands):
For the Year Ended December 31,
20192018
Interest rate caps in cash flow hedging relationships:
Amount of gain recognized in AOCI on derivatives (effective portion)$(26) $289  
Amount of gain reclassified from AOCI into interest expense (effective portion)$350  $289