Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 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):

Derivative Instrument	Effective Date	Maturity Date	Interest Rate Strike		Fair Value				Notional Amount
					March 31, 2019		December 31, 2018		March 31, 2019		December 31, 2018
Assets:
Interest rate cap	12/1/2014	5/4/2021	4.0	%	$	2	$	25	$	50,000	$	50,000
Interest rate cap	9/1/2015	4/1/2019	4.0	%	—		—		50,000		50,000
Interest rate cap	9/1/2015	2/3/2020	4.0	%	—		1		50,000		50,000
Total					$	2	$	26	$	150,000	$	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 the three months ended March 31, 2019 and 2018 (in thousands):

	For the Three Months Ended March 31,
	2019		2018
Interest rate caps in cash flow hedging relationships:
Amount of gain recognized in AOCI on derivatives (effective portion)	$	87	$	55
Amount of gain reclassified from AOCI into interest expense (effective portion)	$	87	$	55