Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of cash flow hedges included in accumulated other comprehensive income (loss)

As of September 30, 2020, the Company had eight outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

DERIVATIVE INSTRUMENT	NUMBER OF INSTRUMENTS	NOTIONAL AMOUNT in millions
Interest rate swaps	8	$175.0

The table below presents the effect of cash flow hedge accounting on AOCI during the three and nine months ended September 30, 2020 and 2019 related to the Company's outstanding interest rate swaps.

	LOSS RECOGNIZED IN AOCI ON DERIVATIVE three months ended September 30,					(GAIN) LOSS RECLASSIFIED FROM AOCI INTO INCOME three months ended September 30,
In thousands	2020		2019			2020		2019
Interest rate swaps	$	74	$	2,341	Interest expense	$	952	$	18
Settled treasury hedges	—		—		Interest expense	107		—
Settled interest rate swaps	—		—		Interest expense	42		42
	$	74	$	2,341	Total interest expense	$	1,101	$	60

	LOSS RECOGNIZED IN AOCI ON DERIVATIVE nine months ended September 30,					(GAIN) LOSS RECLASSIFIED FROM AOCI INTO INCOME nine months ended September 30,
In thousands	2020		2019			2020		2019
Interest rate swaps	$	11,192	$	7,642	Interest expense	$	2,012	$	(52)
Settled treasury hedges	4,267		—		Interest expense	229		—
Settled interest rate swaps	—		—		Interest expense	126		126
	$	15,459	$	7,642	Total interest expense	$	2,367	$	74

Schedule of derivative instruments in statement of financial position, fair value

The table below presents the fair value of the Company's derivative financial instruments, as well as their classification on the Condensed Consolidated Balance Sheet as of September 30, 2020.

	BALANCE AT SEPTEMBER 30, 2020
In thousands	BALANCE SHEET LOCATION	FAIR VALUE
Derivatives designated as hedging instruments
Interest rate swaps	Other liabilities	$	14,460
Total derivatives designated as hedging instruments		$	14,460