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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of outstanding interest rate derivatives
As of September 30, 2019, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (dollars in thousands):
Interest Rate DerivativeCurrent Notional AmountFixed RateMaturity
Interest rate swap$1,201  5.25 %April 1, 2022
Interest rate swap25,662  3.61 %May 6, 2023
Schedule of fair value of derivative financial instruments and classification on consolidated balance sheets
The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheets as of the dates indicated (dollars in thousands):
Derivatives as of:
September 30, 2019December 31, 2018
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Other Assets$—  Other Assets$2,434  
Accounts payable and accrued liabilities$112  Accounts payable and accrued liabilities$—  
Schedule of effect of derivative financial instrument on consolidated statements of comprehensive (loss) income
The following table presents the effect of the Company’s interest rate swaps on the consolidated statements of comprehensive (loss) income for the dates indicated (dollars in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2019201820192018
Amount of (loss) gain recognized on derivative in Other Comprehensive Income$(630) $362  $(2,607) $1,937  
Amount of (loss) gain reclassified from Accumulated Other Comprehensive Income into Interest expense$(307) $69  $(81) $28  
Total amount of Interest expense presented in the Consolidated Statement of Operations $9,845  $8,965  $28,353  $26,408