Financial Instruments and Derivatives (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Effect of Derivative Instruments on Consolidated Statement of Operations

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2021, 2020 and 2019, respectively (dollars in thousands):

Derivatives in Cash Flow Hedging Relationships	Loss Recognized in OCI on Derivative							Location of (Loss) Gain Reclassified from Accumulated	Net (Loss) Gain Reclassified from Accumulated OCL into Interest Expense (2)
For the Year ended December 31,	2021		2020		2019 (1)			OCL into Income	2021			2020			2019
Interest rate contracts	$	—	$	—	$	(11,676	)	Interest expense	$	(1,114	)	$	(1,088	)	$	1,747

(1)The Company had outstanding interest rate swaps that terminated during the year ended December 31, 2019.

(2)See the Consolidated Statements of Comprehensive Income for changes in accumulated other comprehensive loss as these changes are presented net of the allocation to noncontrolling interests.

Derivatives Not Designated as Hedging Instruments	Location of (Loss) Gain Recognized in	(Loss) Gain Recognized in Earnings on Derivative
For the year ended December 31,	Income on Derivative	2021			2020		2019
Preferred stock embedded derivative	Other non-operating income	$	(4,560	)	$	2,562	$	17,886