Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments (Tables)

v3.19.1
Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Fair Value of Derivatives
The fair values of the interest rate swaps as of March 31, 2019 and December 31, 2018, are as follows (in thousands):
 
 
 
 
Fair Value
 
 
 
 
Derivative Assets (Liabilities)
Derivative Instrument
Aggregate Notional Amount
Effective Date
Maturity Date
March 31, 2019
 
December 31, 2018
Interest rate swaps
$
150,000

October 15, 2015
March 15, 2021
$
1,779

 
$
2,720

Interest rate swaps
150,000

March 31, 2017
July 21, 2023
5,808

 
7,918

Interest rate swaps
100,000

June 29, 2018
July 21, 2023
(1,917
)
 
(799
)
 
$
400,000

 
 
$
5,670

 
$
9,839

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 (loss) income, as follows (in thousands):
 
 
Three Months Ended March 31,
 
 
2019
 
2018
Unrealized (loss) gain on interest rate hedges
 
$
(4,169
)
 
$
4,065