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Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Not Designated as Hedging Instruments [Table Text Block]
The following interest rate swaps have not been designated as hedging instruments (in thousands):
Notional value atFair value at
Derivative typeInterest
rate		MaturityJune 30, 2020December 31, 2019June 30, 2020December 31, 2019
Interest rate swap (1)1.80%September 2020$29,865  $30,195  $(136) $(34) 
Interest rate swap (1)1.80%September 202074,210  75,030  (339) (86) 
Interest rate swap (1)1.80%September 202031,675  32,025  (145) (37) 
Interest rate swap (1)1.81%October 2020141,094  142,500  (942) (219) 
$276,844  $279,750  $(1,562) $(376) 
  
(1)During the year ended December 31, 2019, the Company discontinued accounting for these interest rate swaps as cash flow hedges. The Company recognizes all changes in the fair value of these interest rate swaps in interest expense in the consolidated statements of operations and comprehensive income.
Schedule of interest rate swaps
The following interest rate swaps have been designated as cash flow hedges (in thousands):
Notional value atFair value at
Hedge typeInterest
rate		MaturityJune 30, 2020December 31, 2019June 30, 2020December 31, 2019
Swap-cash flow1.15%April 2021$100,000  $100,000  $(893) $607  
Swap-cash flow1.20%April 2021100,000  100,000  (938) 538  
Swap-cash flow2.15%April 202175,000  75,000  (1,347) (590) 
Swap-cash flow1.91%April 202175,000  75,000  (1,183) (337) 
Swap-cash flow1.61%June 202150,000  50,000  (799) (32) 
Swap-cash flow1.56%June 202150,000  50,000  (768) 13  
Swap-cash flow1.71%June 202150,000  50,000  (852) (109) 
Swap-cash flow2.29%December 2022200,000  200,000  (11,285) (4,587) 
Swap-cash flow2.29%December 2022125,000  125,000  (7,047) (2,859) 
Swap-cash flow2.38%December 2022200,000  200,000  (11,772) (5,155) 
Swap-cash flow2.38%December 2022100,000  100,000  (5,883) (2,574) 
Swap-cash flow (1)2.75%November 2023100,000  100,000  (7,937) (3,590) 
Swap-cash flow (2)2.51%December 202375,000  75,000  (5,360) (2,120) 
Swap-cash flow (2)2.39%December 202375,000  75,000  (5,088) (1,858) 
Swap-cash flow 1.35%September 202149,000  49,000  (748) 181  
Swap-cash flow 1.28%September 2022100,000  100,000  (2,632) 690  
Swap-cash flow (3)1.24%September 2025150,000  150,000  (5,968) 2,268  
Swap-cash flow (4)1.16%April 202450,000  —  (1,524) —  
Swap-cash flow (4)1.20%April 202450,000  —  (1,586) —  
Swap-cash flow (4)1.15%April 202450,000  —  (1,510) —  
Swap-cash flow (4)1.10%April 202450,000  —  (1,434) —  
Swap-cash flow (4)0.98%April 202425,000  —  (626) —  
Swap-cash flow (4)0.95%April 202425,000  —  (603) —  
Swap-cash flow (4)0.93%April 202425,000  —  (587) —  
Swap-cash flow (4)0.90%April 202425,000  —  (564) —  
Swap-cash flow 0.85%December 202450,000  —  (1,510) —  
Swap-cash flow 0.75%December 202450,000  —  (1,282) —  
Swap-cash flow (5)0.65%January 202650,000  —  (847) —  
$2,124,000  $1,674,000  $(82,573) $(19,514) 
  
(1)Effective in November 2020.
(2)Effective in January 2021.
(3)Effective in September 2021.
(4)Effective in April 2021.
(5)Effective in July 2021.