Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following is a summary of our interest rate swaps that were designated as cash flow hedges of interest rate risk as of March 31, 2020 and December 31, 2019 (notional amounts in thousands):

	March 31, 2020		December 31, 2019
Count	8		9
Notional amount	$	1,227,000	$	1,402,000
Fixed LIBOR	0.8% - 2.9%		0.8% - 2.9%
Maturity date	2020 - 2025		2020 - 2025

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The table below details the nature of the gain or loss recognized on interest rate derivatives designated as cash flow hedges in the consolidated statements of operations (in thousands):

	Three Months Ended March 31,
	2020			2019
Amount of (loss) recognized in other comprehensive income on derivatives	$	(44,916	)	$	(12,857	)
Amount of loss (gain) reclassified from AOCI into interest expense	1,552			(1,504		)