Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Liabilities at Fair Value

The following table presents the fair value of the interest rate derivative by valuation hierarchy and balance sheet classification:

	June 30, 2020								December 31, 2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Derivative Assets
Other current assets	$	—	$	—	$	—	$	—	$	—	$	216	$	—	$	216
Other non-current assets	—		—		—		—		—		—		—		—
Total assets at fair value	$	—	$	—	$	—	$	—	$	—	$	216	$	—	$	216
Derivative Liabilities
Other current liabilities	$	—	$	(4,925)	$	—	$	(4,925)	$	—	$	(61)	$	—	$	(61)
Other non-current liabilities	—		(4,769)		—		(4,769)		—		(398)		—		(398)
Total liabilities at fair value	$	—	$	(9,694)	$	—	$	(9,694)	$	—	$	(459)	$	—	$	(459)

Schedule of Derivative Assets at Fair Value

The following table presents the fair value of the interest rate derivative by valuation hierarchy and balance sheet classification:

	June 30, 2020								December 31, 2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Derivative Assets
Other current assets	$	—	$	—	$	—	$	—	$	—	$	216	$	—	$	216
Other non-current assets	—		—		—		—		—		—		—		—
Total assets at fair value	$	—	$	—	$	—	$	—	$	—	$	216	$	—	$	216
Derivative Liabilities
Other current liabilities	$	—	$	(4,925)	$	—	$	(4,925)	$	—	$	(61)	$	—	$	(61)
Other non-current liabilities	—		(4,769)		—		(4,769)		—		(398)		—		(398)
Total liabilities at fair value	$	—	$	(9,694)	$	—	$	(9,694)	$	—	$	(459)	$	—	$	(459)

Schedule of Changes in AOCI

The following table presents the total value recognized in OCI and reclassified from accumulated other comprehensive income (loss) (“AOCI”) into earnings during the three and six months ended June 30, 2020 for derivatives designated as cash flow hedges:

	Three Months Ended June 30, 2020						Six Months Ended June 30, 2020
	Before Tax Amount		Tax Amount		Net of Tax Amount		Before Tax Amount		Tax Amount		Net of Tax Amount
Net gain (loss) recognized in OCI	$	(1,031)	$	232	$	(799)	$	(10,205)	$	2,296	$	(7,909)
Net amount reclassified from AOCI into earnings	963		(217)		746		1,026		(231)		795
Change in other comprehensive income	$	(68)	$	15	$	(53)	$	(9,179)	$	2,065	$	(7,114)

⁽¹⁾ Net unrealized losses totaling $4,683 are anticipated to be reclassified from AOCI into earnings during the next 12 months due to settlement of the associated underlying obligations.