XML 56 R46.htm IDEA: XBRL DOCUMENT v3.20.2
Derivatives and Hedging (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2019
Interest Rate Derivatives            
Notional value $ 2,124,000,000   $ 2,124,000,000     $ 1,674,000,000
Unrealized Gain (Loss) on Cash Flow Hedging Instruments     (1,186,000) $ 55,000    
Unrealized gains (losses) included in accumulated other comprehensive loss (82,600,000)   (82,600,000)     (19,500,000)
Amount of hedge ineffectiveness     0 0 $ 0  
Reclassification of unrealized gain on discontinued cash flow hedges to interest expense 0 $ 0 0 (2,250,000)    
Net unrealized gains in accumulated other comprehensive income expected to be reclassified into interest expense within the next 12 months (27,800,000)   (27,800,000)      
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net (82,573,000)   (82,573,000)     (19,514,000)
Designated as Hedging Instrument | Interest Rate Swap, 1.15% [Member]            
Interest Rate Derivatives            
Notional value 100,000,000   100,000,000     100,000,000
Interest rate swap liability $ (893,000)   $ (893,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           607,000
Interest rate 1.15%   1.15%      
Designated as Hedging Instrument | interest Rate Swap, 1.20%            
Interest Rate Derivatives            
Notional value $ 100,000,000   $ 100,000,000     100,000,000
Interest rate swap liability $ (938,000)   $ (938,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           538,000
Interest rate 1.20%   1.20%      
Designated as Hedging Instrument | Interest Rate Swap, 2.15%            
Interest Rate Derivatives            
Notional value $ 75,000,000   $ 75,000,000     75,000,000
Interest rate swap liability $ (1,347,000)   $ (1,347,000)     (590,000)
Interest rate 2.15%   2.15%      
Designated as Hedging Instrument | Interest Rate Swap 1.91%            
Interest Rate Derivatives            
Notional value $ 75,000,000   $ 75,000,000     75,000,000
Interest rate swap liability $ (1,183,000)   $ (1,183,000)     (337,000)
Interest rate 1.91%   1.91%      
Designated as Hedging Instrument | Interest Rate Swap, 1.61%            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     50,000,000
Interest rate swap liability $ (799,000)   $ (799,000)     (32,000)
Interest rate 1.61%   1.61%      
Designated as Hedging Instrument | Interest Rate Swap, 1.56%            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     50,000,000
Interest rate swap liability $ (768,000)   $ (768,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           13,000
Interest rate 1.56%   1.56%      
Designated as Hedging Instrument | Interest Rate Swap, 1.71%            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     50,000,000
Interest rate swap liability $ (852,000)   $ (852,000)     (109,000)
Interest rate 1.71%   1.71%      
Designated as Hedging Instrument | Interest Rate Swap, 2.29% [Member]            
Interest Rate Derivatives            
Notional value $ 200,000,000   $ 200,000,000     200,000,000
Interest rate swap liability $ (11,285,000)   $ (11,285,000)     (4,587,000)
Interest rate 2.29%   2.29%      
Designated as Hedging Instrument | Interest Rate Swap, 2.290% [Member]            
Interest Rate Derivatives            
Notional value $ 125,000,000   $ 125,000,000     125,000,000
Interest rate swap liability $ (7,047,000)   $ (7,047,000)     (2,859,000)
Interest rate 2.29%   2.29%      
Designated as Hedging Instrument | Interest Rate Swap, 2.38% [Member]            
Interest Rate Derivatives            
Notional value $ 200,000,000   $ 200,000,000     200,000,000
Interest rate swap liability $ (11,772,000)   $ (11,772,000)     (5,155,000)
Interest rate 2.38%   2.38%      
Designated as Hedging Instrument | Interest Rate Swap, 2.380% [Member]            
Interest Rate Derivatives            
Notional value $ 100,000,000   $ 100,000,000     100,000,000
Interest rate swap liability $ (5,883,000)   $ (5,883,000)     (2,574,000)
Interest rate 2.38%   2.38%      
Designated as Hedging Instrument | Interest Rate Swap, 2.75% [Member]            
Interest Rate Derivatives            
Notional value $ 100,000,000   $ 100,000,000     100,000,000
Interest rate swap liability $ (7,937,000)   $ (7,937,000)     (3,590,000)
Interest rate 2.75%   2.75%      
Designated as Hedging Instrument | Interest Rate Swap, 2.51% [Member]            
Interest Rate Derivatives            
Notional value $ 75,000,000   $ 75,000,000     75,000,000
Interest rate swap liability $ (5,360,000)   $ (5,360,000)     (2,120,000)
Interest rate 2.51%   2.51%      
Designated as Hedging Instrument | Interest Rate Swap, 2.39% [Member]            
Interest Rate Derivatives            
Notional value $ 75,000,000   $ 75,000,000     75,000,000
Interest rate swap liability $ (5,088,000)   $ (5,088,000)     (1,858,000)
Interest rate 2.39%   2.39%      
Designated as Hedging Instrument | Interest Rate Swap, 1.35% [Member]            
Interest Rate Derivatives            
Notional value $ 49,000,000   $ 49,000,000     49,000,000
Interest rate swap liability $ (748,000)   $ (748,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           181,000
Interest rate 1.35%   1.35%      
Designated as Hedging Instrument | Interest Rate Swap, 1.28% [Member]            
Interest Rate Derivatives            
Notional value $ 100,000,000   $ 100,000,000     100,000,000
Interest rate swap liability $ (2,632,000)   $ (2,632,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           690,000
Interest rate 1.28%   1.28%      
Designated as Hedging Instrument | Interest Rate Swap, 1.24% [Member]            
Interest Rate Derivatives            
Notional value $ 150,000,000   $ 150,000,000     150,000,000
Interest rate swap liability $ (5,968,000)   $ (5,968,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           2,268,000
Interest rate 1.24%   1.24%      
Designated as Hedging Instrument | Interest Rate Swap, 1.16% [Member]            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     0
Interest rate swap liability $ (1,524,000)   $ (1,524,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 1.16%   1.16%      
Designated as Hedging Instrument | Interest Rate Swap, 1.200% [Member]            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     0
Interest rate swap liability $ (1,586,000)   $ (1,586,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 1.20%   1.20%      
Designated as Hedging Instrument | Interest Rate Swap, 1.150% [Member]            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     0
Interest rate swap liability $ (1,510,000)   $ (1,510,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 1.15%   1.15%      
Designated as Hedging Instrument | Interest Rate Swap, 1.10% [Member]            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     0
Interest rate swap liability $ (1,434,000)   $ (1,434,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 1.10%   1.10%      
Designated as Hedging Instrument | Interest Rate Swap, 0.98% [Member]            
Interest Rate Derivatives            
Notional value $ 25,000,000   $ 25,000,000     0
Interest rate swap liability $ (626,000)   $ (626,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 0.98%   0.98%      
Designated as Hedging Instrument | Interest Rate Swap, 0.95% [Member]            
Interest Rate Derivatives            
Notional value $ 25,000,000   $ 25,000,000     0
Interest rate swap liability $ (603,000)   $ (603,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 0.95%   0.95%      
Designated as Hedging Instrument | Interest Rate Swap, 0.93% [Member]            
Interest Rate Derivatives            
Notional value $ 25,000,000   $ 25,000,000     0
Interest rate swap liability $ (587,000)   $ (587,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 0.93%   0.93%      
Designated as Hedging Instrument | Interest Rate Swap, 0.90% [Member]            
Interest Rate Derivatives            
Notional value $ 25,000,000   $ 25,000,000     0
Interest rate swap liability $ (564,000)   $ (564,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 0.90%   0.90%      
Designated as Hedging Instrument | Interest Rate Swap, 0.85% [Member]            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     0
Interest rate swap liability $ (1,510,000)   $ (1,510,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 0.85%   0.85%      
Designated as Hedging Instrument | Interest Rate Swap, 0.75% [Member]            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     0
Interest rate swap liability $ (1,282,000)   $ (1,282,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 0.75%   0.75%      
Designated as Hedging Instrument | Interest Rate Swap, 0.65% [Member]            
Interest Rate Derivatives            
Notional value $ 50,000,000   $ 50,000,000     0
Interest rate swap liability $ (847,000)   $ (847,000)      
Interest Rate Cash Flow Hedge Asset at Fair Value           0
Interest rate 0.65%   0.65%      
Not Designated as Hedging Instrument            
Interest Rate Derivatives            
Notional value $ 276,844,000   $ 276,844,000     279,750,000
Interest Rate Derivative Instruments Not Designated as Heding Instruments, Liability at Fair Value (1,562,000)   (1,562,000)     (376,000)
Not Designated as Hedging Instrument | Swap-cash flow, hedge type one            
Interest Rate Derivatives            
Notional value $ 29,865,000   $ 29,865,000     30,195,000
Interest rate 1.80%   1.80%      
Interest Rate Derivative Instruments Not Designated as Heding Instruments, Liability at Fair Value $ (136,000)   $ (136,000)     (34,000)
Not Designated as Hedging Instrument | Swap-cash flow, hedge type two            
Interest Rate Derivatives            
Notional value $ 74,210,000   $ 74,210,000     75,030,000
Interest rate 1.80%   1.80%      
Interest Rate Derivative Instruments Not Designated as Heding Instruments, Liability at Fair Value $ (339,000)   $ (339,000)     (86,000)
Not Designated as Hedging Instrument | Swap-cash flow, hedge type three            
Interest Rate Derivatives            
Notional value $ 31,675,000   $ 31,675,000     32,025,000
Interest rate 1.80%   1.80%      
Interest Rate Derivative Instruments Not Designated as Heding Instruments, Liability at Fair Value $ (145,000)   $ (145,000)     (37,000)
Not Designated as Hedging Instrument | Swap-cash flow, hedge type four            
Interest Rate Derivatives            
Notional value $ 141,094,000   $ 141,094,000     142,500,000
Interest rate 1.81%   1.81%      
Interest Rate Derivative Instruments Not Designated as Heding Instruments, Liability at Fair Value $ (942,000)   $ (942,000)     (219,000)
Interest Expense            
Interest Rate Derivatives            
Reclassification of unrealized gain on discontinued cash flow hedges to interest expense 5,500,000 $ 1,900,000 6,300,000 $ 4,400,000    
Accounts payable and other liabilities | Interest rate swap            
Interest Rate Derivatives            
Interest rate swap liability $ (84,100,000)   $ (84,100,000)     (24,200,000)
Prepaid expenses and other assets | Interest rate swap            
Interest Rate Derivatives            
Interest Rate Cash Flow Hedge Asset at Fair Value           $ 4,300,000