FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of interest rate swap derivatives measured at fair value

Information regarding the Company's interest rate swaps measured at fair value, which are classified within Level 2 of the GAAP fair value hierarchy, is presented below (dollars in thousands):


Fair value at December 31, 2018	$	14,195


Gains on interest rate swaps reclassified into interest expense from accumulated other comprehensive (loss) income	(1,276)
Unrealized losses on interest rate swaps included in accumulated other comprehensive (loss) income	(8,039)
Fair value at March 31, 2019	$	4,880

Fair value at December 31, 2019	$	(19,083)



Losses on interest rate swaps reclassified into interest expense from accumulated other comprehensive (loss) income	612
Unrealized losses on interest rate swaps included in accumulated other comprehensive (loss) income	(66,369)
Fair value at March 31, 2020	$	(84,840)

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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