Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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, 2021			December 31, 2020
Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Accounts payable and accrued liabilities	$	—	Accounts payable and accrued liabilities	$	23

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 income (loss) for the dates indicated (dollars in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Amount of (loss) gain recognized on derivative in Other Comprehensive Income	$	(1)	$	—	$	(1)	$	(25)
Amount of (loss) gain reclassified from Accumulated Other Comprehensive Income into Interest expense	$	(2)	$	(5)	$	(12)	$	5
Total amount of Interest expense presented in the Consolidated Statements of Operations	$	1,535	$	1,731	$	4,804	$	5,400