Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments (Tables)

v3.8.0.1
Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivatives
The fair values of the interest rate swaps as of March 31, 2018 and December 31, 2017, are as follows (in thousands):
 
 
 
 
Fair Value
 
 
 
 
Asset Derivatives
 
Liability Derivatives
Derivative Instrument
Aggregate Notional Amount
Effective Date
Maturity Date
March 31, 2018
 
December 31, 2017
 
March 31, 2018
 
December 31, 2017
Interest rate swaps
$
150,000

October 15, 2015
March 15, 2021
$
3,531

 
$
1,987

 
$

 
$

Interest rate swaps
150,000

March 31, 2017
July 21, 2023
10,085

 
7,432

 

 

Interest rate swaps
100,000

June 29, 2018
July 21, 2023

 

 
(132
)
 

 
$
400,000

 
 
$
13,616

 
$
9,419

 
$
(132
)
 
$

Schedule of Derivative Gains and Losses Recognized in Other Comprehensive Income
The interest rate swaps have been effective since inception. The net gains or losses on the effective swaps are recognized in other comprehensive income, as follows (in thousands):
 
Three Months Ended March 31,
 
2018
 
2017
Unrealized gain on interest rate hedges
$
4,065

 
$
735