Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Derivative Instruments

The following table presents a summary of the outstanding derivative instruments:

	As of March 31, 2020					As of December 31, 2019
	Effective Date	Termination Date	Fixed Interest Rate	Aggregate Notional Amount		Effective Date	Termination Date	Fixed Interest Rate	Aggregate Notional Amount
	(in thousands, except interest rates)
AP4			—%	$	—	March 2018	July 2020	2.338%	$	99,762
LAPH	November 2018	October 2036	3.409%	10,692		November 2018	October 2036	3.409%	43,298
EZOP	June 2019 - January 2020	July 2029 - March 2030	1.631% - 2.620%	121,756		June 2019 - November 2019	July 2029 - March 2030	1.631% - 2.620%	100,083
TEPIIH			—%	—		September 2018 - November 2019	July 2031 - October 2041	1.909% - 3.383%	225,845
TEPH	September 2019 - January 2023	January 2023 - January 2038	0.912% - 3.125%	147,658		September 2019 - January 2023	January 2023 - July 2034	1.620% - 1.928%	55,115
TEPINV	December 2019	December 2022	2.500%	88,935				—%	—
Total				$	369,041				$	524,103

Fair Value of Interest Rate Swaps

The following table presents the fair value of the interest rate swaps as recorded in the unaudited condensed consolidated balance sheets:

	As of   March 31, 2020			As of   December 31, 2019
	(in thousands)
Other assets	$	1		$	360
Other current liabilities	—			(397		)
Other long-term liabilities	(34,771		)	(27,092		)
Total, net	$	(34,770	)	$	(27,129	)

The following table presents the impact of the interest rate swaps as recorded in the unaudited condensed consolidated statements of operations:

	Three Months Ended   March 31,
	2020		2019
	(in thousands)
Realized loss	$	31,898	$	3,584
Unrealized loss	7,596		7,032
Total	$	39,494	$	10,616