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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative financial instruments
Information about our derivative financial instruments at June 30, 2020 and December 31, 2019 is as follows (dollars in thousands): 
Notional AmountFair Value
Contract dateEffective DateExpiration DateAverage Annual Effective Fixed RateJune 30, 2020December 31, 2019June 30, 2020December 31, 2019
October 2, 2017January 29, 2018January 31, 20231.98 %$100,000  $100,000  $(4,816) $(1,316) 
October 2, 2017January 29, 2018January 31, 20231.98 %100,000  100,000  (4,843) (1,350) 
June 11, 2018September 28, 2018September 30, 20242.87 %75,000  75,000  (8,542) (4,389) 
June 11, 2018December 31, 2018December 31, 20252.93 %125,000  125,000  (18,043) (9,122) 
$400,000  $400,000  $(36,244) $(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
June 30,
For the
Six Months Ended
June 30,
 2020201920202019
Loss recognized in Other comprehensive income on derivative financial instruments$(2,981) $(9,247) $(22,804) $(14,744) 
(Loss) gain reclassified from Other comprehensive income to Interest expense$(1,958) $27  $(2,737) $88  
Total Interest expense in which the effects of cash flow hedges are recorded$(10,749) $(9,766) $(21,761) $(20,618)