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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Estimated Fair Values of Derivative Instruments
The following table summarizes the fair value of our derivative instruments (in thousands, except contract/notional amount). See Note L - Fair Value Accounting for more information regarding the estimated fair values of our derivative instruments at March 31, 2020 and December 31, 2019.
 
March 31, 2020
 
 
December 31, 2019
 
Maturity
Date
 
Contract/Notional
Amount
 
Carrying
Amount
 
Fair
Value
 
 
Maturity Date
 
Contract/Notional
Amount
 
Carrying
Amount
 
Fair
Value
LIBOR(1) interest rate swap agreement
2020
 

$440
 million
 
$
(2,576
)
 
$
(2,576
)
 
 
2020
 

$440
 million
 
$
(2,768
)
 
$
(2,768
)
LIBOR(1) interest rate swap agreement
2020
 

$200
 million
 
$
(1,172
)
 
$
(1,172
)
 
 
2020
 

$200
 million
 
$
(1,259
)
 
$
(1,259
)
(1) Agreements fix the LIBOR interest rate base to 2.74%.
Schedule of Effect of Derivatives Instruments on Combined Statements of Operations and Comprehensive Income
The following table summarizes the effect of derivative instruments (in thousands) on our income statements and our consolidated statements of comprehensive income for the three months ended March 31, 2020 and 2019:
 
Three Months Ended 
 March 31,
 
2020
 
2019
Deferred losses from derivatives in OCI, beginning of period
$
(3,053
)
 
$
(1,621
)
Gain (loss) recognized in OCI from derivative instruments
211

 
(940
)
Deferred losses from derivatives in OCI, end of period
$
(2,842
)
 
$
(2,561
)