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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)
 3 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative financial instruments Information about our derivative financial instruments at March 31, 2019 and December 31, 2018 is as follows (dollars in thousands): 
 
 
 
 
 
 
Notional Amount
 
Fair Value
Contract date
 
Effective Date
 
Expiration Date
 
March 31, 2019
 
December 31, 2018
 
March 31, 2019
 
December 31, 2018
October 2, 2017
 
January 29, 2018
 
January 31, 2023
 
$
100,000

(1) 
$
100,000

 
$
630

 
$
1,758

October 2, 2017
 
January 29, 2018
 
January 31, 2023
 
100,000

(1) 
100,000

 
585

 
1,703

June 11, 2018
 
September 28, 2018
 
September 30, 2024
 
75,000

(2) 
75,000

 
(2,731
)
 
(1,656
)
June 11, 2018
 
December 31, 2018
 
December 31, 2025
 
125,000

(3) 
125,000

 
(5,623
)
 
(3,386
)
 
 
 
 
 
 
$
400,000

 
$
400,000

 
$
(7,139
)
 
$
(1,581
)

 
(1)
Interest rate swap partially fixes the interest rate on a portion of our variable interest rate unsecured indebtedness and converts LIBOR from a floating rate to an average annual fixed rate of 1.98%.
(2)
Interest rate swap partially fixes the interest rate on a portion of our variable interest rate unsecured indebtedness and converts LIBOR from a floating rate to an average annual fixed rate of 2.87%.
(3)
Interest rate swap partially fixes the interest rate on a portion of our variable interest rate unsecured indebtedness and converts LIBOR from a floating rate to an average annual fixed rate of 2.93%.
Schedule of the location in the financial statements of the gain or loss recognized on derivative financial instruments designated as cash flow hedges The table below details the location in the financial statements of the gain or loss recognized on derivative financial instruments designated as cash flow hedges (in thousands):
 
 
 
For the
Three Months Ended
March 31,
 
 
2019
 
2018
(Loss) gain recognized in Other comprehensive income on derivative financial instruments
 
$
(5,497
)
 
$
3,537

Gain (loss) reclassified from Other comprehensive income to Interest expense
 
$
61

 
$
(207
)
Total interest expense in which the effects of cash flow hedges are recorded
 
$
(10,852
)
 
$
(9,329
)