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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2020
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):
Derivative Instrument
Effective
Date
Maturity
Date
Interest
Rate
Strike
Fair ValueNotional Amount
December 31, 2020December 31, 2019December 31, 2020December 31, 2019
Assets:
Interest Rate Cap12/1/20145/4/20214.0 %$— $— $50,000 $50,000 
Interest Rate Cap9/1/20152/3/20204.0 %— — — 50,000 
Total$— $— $50,000 $100,000 
Schedule of effects of derivative financial instruments on consolidated statements of operations
The following table presents the effect of the Company’s derivative financial instruments on its accompanying consolidated statements of operations for years ended December 31, 2020 and 2019 (dollars in thousands):
For the Year Ended December 31,
20202019
Interest rate caps in cash flow hedging relationships:
Amount of gain recognized in AOCI on derivatives (effective portion)$— $(26)
Amount of gain reclassified from AOCI into interest expense (effective portion)$254 $350