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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements:
Derivatives in FASB
ASC Topic 815 Cash
Flow Hedging
Relationships:
Amount of Gain (Loss)
Recognized in OCI on
Derivative (Effective
Portion)
 
Location and Amount of Gain
(Loss) Reclassified
from Accumulated
OCI into Income
(Effective Portion)
 
Three months ended June 30,
 
 
 
Three months ended June 30,
(in thousands)
2017
 
2016
 
 
 
2017
 
2016
Interest rate swaps
$
(3,805
)
 
(9,846
)
 
Interest
expense
 
$
(3,071
)
 
(2,500
)
 
 
 
 
 
 
 
 
 
 
Derivatives in FASB
ASC Topic 815 Cash
Flow Hedging
Relationships:
Amount of Gain (Loss)
Recognized in OCI on
Derivative (Effective
Portion)
 
Location and Amount of Gain
(Loss) Reclassified
from Accumulated
OCI into Income
(Effective Portion)
 
Six months ended June 30,
 
 
 
Six months ended June 30,
(in thousands)
2017
 
2016
 
 
 
2017
 
2016
Interest rate swaps
$
(3,873
)
 
(26,631
)
 
Interest
expense
 
$
(5,726
)
 
(4,952
)
Schedule of derivative instruments
The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
Fair Value
 
(in thousands)
 
 
 
 
 
 
 
Assets (Liabilities)(1)
 
Effective Date
 
Maturity Date
 
Notional Amount
 
Bank Pays Variable Rate of
 
Regency Pays Fixed Rate of
 
June 30, 2017
 
December 31, 2016
 
6/2/17
 
6/2/27
 
$
37,500

 
1 Month LIBOR with Floor
 
2.366%
 
$
(497
)
 
(580
)
 
4/3/17
 
12/2/20
 
300,000

 
1 Month LIBOR with Floor
 
1.824%
 
(1,167
)
 
—

 
8/1/16
 
1/5/22
 
265,000

 
1 Month LIBOR with Floor
 
1.053%
 
8,979

 
9,889

 
4/7/16
 
4/1/23
 
20,000

 
1 Month LIBOR
 
1.303%
 
641

 
720

 
12/1/16
 
11/1/23
 
33,000

 
1 Month LIBOR
 
1.490%
 
879

 
1,013

Total derivative financial instruments
 
$
8,835

 
11,042

 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Derivative in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities.