Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities

Summary of fair value of derivative financial instruments as well as their classification on the consolidated balance sheets

	As of March 31, 2020
	Balance Sheet	Fair Value
	Location	Asset (Liability)
Derivatives designated as hedging instruments:
Interest rate swap agreements	Other current liabilities	$	(5,373,647)
Interest rate swap agreements	Other long-term liabilities		(13,675,476)
Total derivatives designated as hedging instruments		$	(19,049,123)

	As of December 31, 2019
	Balance Sheet	Fair Value
	Location	Asset (Liability)
Derivatives designated as hedging instruments:
Interest rate swap agreements	Other current liabilities	$	(2,157,324)
Interest rate swap agreements	Other long-term liabilities		(6,181,964)
Total derivatives designated as hedging instruments		$	(8,339,288)