DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative financial instruments

Information about our derivative financial instruments at March 31, 2021 and December 31, 2020 is as follows (dollars in thousands): 

					Notional Amount				Fair Value
Contract date	Effective Date	Expiration Date	Average Annual Effective Fixed Rate		March 31, 2021		December 31, 2020		March 31, 2021		December 31, 2020
October 2, 2017	January 29, 2018	January 31, 2023	1.98	%	$	100,000	$	100,000	$	(3,287)	$	(3,831)
October 2, 2017	January 29, 2018	January 31, 2023	1.98	%	100,000		100,000		(3,305)		(3,853)
June 11, 2018	September 28, 2018	September 30, 2024	2.87	%	75,000		75,000		(6,066)		(7,371)
June 11, 2018	December 31, 2018	December 31, 2025	2.93	%	125,000		125,000		(11,989)		(15,795)
					$	400,000	$	400,000	$	(24,647)	$	(30,850)

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,
	2021		2020
Gain (loss) recognized in Other comprehensive income on derivative financial instruments	$	3,885	$	(19,823)
Loss reclassified from Other comprehensive income to Interest expense	$	(2,318)	$	(779)
Total Interest expense in which the effects of cash flow hedges are recorded	$	(10,788)	$	(11,012)