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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative financial instruments
Information about our derivative financial instruments at December 31, 2019 and 2018 is as follows (dollar amounts in thousands):
 
 
 
 
 
 
 
Average Annual Effective Fixed Rate
 
Notional Amount
 
Fair Value
Contract date
 
Effective Date
 
Expiration Date
 
 
December 31, 2019
 
December 31, 2018
 
December 31, 2019
 
December 31, 2018
October 2, 2017
 
January 29, 2018
 
January 31, 2023
 
1.98
%
 
$
100,000

 
$
100,000

 
$
(1,316
)
 
$
1,758

October 2, 2017
 
January 29, 2018
 
January 31, 2023
 
1.98
%
 
100,000

 
100,000

 
(1,350
)
 
1,703

June 11, 2018
 
September 28, 2018
 
September 30, 2024
 
2.87
%
 
75,000

 
75,000

 
(4,389
)
 
(1,656
)
June 11, 2018
 
December 31, 2018
 
December 31, 2025
 
2.93
%
 
125,000

 
125,000

 
(9,122
)
 
(3,386
)
 
 
 
 
 
 
 
 
$
400,000

 
$
400,000

 
$
(16,177
)
 
$
(1,581
)
Schedule of location in financial statements of 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):
 
 
 
2019
 
2018
 
2017
(Loss) Gain recognized in Accumulated other comprehensive loss on derivative financial instruments
 
$
(15,327
)
 
$
(3,050
)
 
$
1,703

Loss reclassified from Accumulated other comprehensive loss to interest expense
 
$
(731
)
 
$
(150
)
 
$
(734
)
Total interest expense and other finance expense presented in the Consolidated Statement of Operations in which the effects of cash flow hedges are recorded
 
$
(41,030
)
 
$
(41,944
)
 
$
(29,687
)