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Hedge Accounting (Tables) - Designated as Hedging Instrument - Cash Flow Hedging
12 Months Ended
Dec. 31, 2019
Derivative Contracts  
Schedule of fair value of derivative instruments

 

 

 

 

($ in thousands)

 

 

 

Instrument

Balance sheet location

 

Fair Value

Interest rate swap

Derivative liability

$

1,644

 

Other Comprehensive Income                  

 

(1,644)

 

Schedule of effect of derivative instruments on the consolidated statement of operations

 

 

 

 

 

 

 

 

 

 

($ in thousands)
Cash flow hedging relationships

    

Amount of Gain / (Loss) reclassified
in OCI on derivative

    

Location of Gain (Loss) reclassified from
Accumulated OCI
into income

Interest rate contracts

 

(39)

 

Interest expense

 

Schedule of movement in other comprehensive income

 

 

 

 

 

 

($ in thousands)

 

December 31, 2019

 

 

December 31, 2018

Beginning accumulated derivative instrument gain or loss

$

(865)

 

$

 —

Net change associated with current period hedging transactions

 

(779)

 

 

(865)

Net amount of reclassification into earnings

 

 —

 

 

 —

Difference between a change in fair value of excluded components

 

 —

 

 

 —

Closing accumulated derivative instrument gain or loss

$

(1,644)

 

$

(865)