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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Financial Instruments and their Classification on Consolidated Balance Sheet
Our derivative financial instrument is classified as Level 2 in the fair value hierarchy. The following table presents the fair value of our derivative financial instrument:
 
 
 
 
As of December 31,
(amounts in thousands)
 
Balance Sheet Location
 
2019
 
2018
Interest Rate Swap
 
Other assets, net
 
$
—

 
$
2,299

Interest Rate Swap
 
Accounts payable and other liabilities
 
$
380

 
$
—
Effect of Derivative Instruments on Consolidated Statements of Operations
The table below presents the effect of our derivative financial instrument on the Consolidated Statements of Income and Comprehensive Income:
Derivatives in Cash Flow Hedging Relationship
 
Amount of (gain)/loss recognized
in OCI on derivative
for the year ended December 31,
 
Location of (gain)/ loss reclassified from
accumulated OCI into income
 
Amount of (gain)/loss reclassified from
accumulated OCI into income
for the year ended December 31,
(amounts in thousands)
 
2019
 
2018
 
2017
 
(amounts in thousands)
 
2019
 
2018
 
2017
Interest Rate Swap
 
$
1,847

 
$
(1,613
)
 
$
(869
)
 
Interest Expense
 
$
(832
)
 
$
(256
)
 
$
300