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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
The following table summarizes the changes in accumulated other comprehensive income by component for the Company and the Operating Partnership for the three months ended March 31, 2020:
 
Derivative Instruments
 
Accumulated Other Comprehensive Loss of the Operating Partnership
 
Comprehensive Loss Attributable to Noncontrolling Interest of the Company
 
Accumulated Other Comprehensive Loss of the Company
Balance as of December 31, 2019
$
(7,013
)
 
$
(7,013
)
 
$
130

 
$
(6,883
)
Other Comprehensive Loss Before Reclassifications
(14,972
)
 
(14,972
)
 
317

 
(14,655
)
Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income
484

 
484

 
—

 
484

Net Current Period Other Comprehensive Loss
(14,488
)
 
(14,488
)
 
317

 
(14,171
)
Balance as of March 31, 2020
$
(21,501
)
 
$
(21,501
)
 
$
447

 
$
(21,054
)

The following table summarizes the reclassifications out of accumulated other comprehensive income for both the Company and the Operating Partnership for the three months ended March 31, 2020 and 2019:
 
 
Amounts Reclassified from Accumulated
Other Comprehensive Loss
 
Details about Accumulated
Other Comprehensive Income Components
 
Three Months Ended March 31, 2020
 
Three Months Ended March 31, 2019
 
Affected Line Items in the
Consolidated Statements of Operations
Derivative Instruments:
 
 
 
 
 
 
Amortization of Previously Settled Derivative Instruments
 
$
102

 
$
24

 
Interest Expense
Net Settlement Payments (Receipts) to our Counterparties
 
382

 
(576
)
 
Interest Expense
Total
 
$
484

 
$
(552
)
 
 

The changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $410 into net income by increasing interest expense for derivative instruments we settled in previous periods. Additionally, recurring settlement amounts on the 2014 Swaps, the 2015 Swaps and the 2020 Swaps (as defined in Note 10) will also be reclassified to net income.