Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

As of March 31, 2022, 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 months ended March 31, 2022 and 2021 related to the Company's outstanding interest rate swaps.

	(GAIN) LOSS RECOGNIZED IN AOCI ON DERIVATIVE three months ended March 31,					LOSS RECLASSIFIED FROM AOCI INTO INCOME three months ended March 31,
In thousands	2022		2021			2022		2021
Interest rate swaps	$	(5,159)	$	(2,850)	Interest expense	$	937	$	946
Settled treasury hedges	—		—		Interest expense	107		107
Settled interest rate swaps	—		—		Interest expense	42		42
	$	(5,159)	$	(2,850)	Total interest expense	$	1,086	$	1,095

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 March 31, 2022.

	BALANCE AT MARCH 31, 2022
In thousands	BALANCE SHEET LOCATION	FAIR VALUE
Derivatives designated as hedging instruments
Interest rate swaps 2017 and 2018	Other liabilities	$	(487)
Interest rate swaps 2019	Other assets	666
Total derivatives designated as hedging instruments		$	179