XML 61 R28.htm IDEA: XBRL DOCUMENT v3.20.1
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative financial instruments
Information about our derivative financial instruments at March 31, 2020 and December 31, 2019 is as follows (dollars in thousands): 
 
 
 
 
 
 
 
Notional Amount
 
Fair Value
Contract date
 
Effective Date
 
Expiration Date
Average Annual Effective Fixed Rate
 
March 31, 2020
 
December 31, 2019
 
March 31, 2020
 
December 31, 2019
October 2, 2017
 
January 29, 2018
 
January 31, 2023
1.98
%
 
$
100,000

 
$
100,000

 
$
(4,756
)
 
$
(1,316
)
October 2, 2017
 
January 29, 2018
 
January 31, 2023
1.98
%
 
100,000

 
100,000

 
(4,786
)
 
(1,350
)
June 11, 2018
 
September 28, 2018
 
September 30, 2024
2.87
%
 
75,000

 
75,000

 
(8,316
)
 
(4,389
)
June 11, 2018
 
December 31, 2018
 
December 31, 2025
2.93
%
 
125,000

 
125,000

 
(17,363
)
 
(9,122
)
 
 
 
 
 
 
 
$
400,000

 
$
400,000

 
$
(35,221
)
 
$
(16,177
)
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,
 
 
2020
 
2019
Loss recognized in Other comprehensive income on derivative financial instruments
 
$
(19,823
)
 
$
(5,497
)
(Loss) gain reclassified from Other comprehensive income to Interest expense
 
$
(779
)
 
$
61

Total Interest expense in which the effects of cash flow hedges are recorded
 
$
(11,012
)
 
$
(10,852
)