Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments (Tables)

v3.20.1
Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Interest Rate Swaps
The fair values of the interest rate swaps as of March 31, 2020 and December 31, 2019, are as follows (in thousands):
 
 
 
 
Fair Value
 
 
 
 
Derivative Assets (Liabilities)
Derivative Instrument
Aggregate Notional Amount
Effective Date
Maturity Date
March 31, 2020
 
December 31, 2019
Interest rate swaps
$
150,000

October 15, 2015
March 15, 2021
$
(1,851
)
 
$
(62
)
Interest rate swaps
150,000

March 31, 2017
July 21, 2023
(4,316
)
 
1,825

Interest rate swaps
100,000

June 29, 2018
July 21, 2023
(7,448
)
 
(3,664
)
Interest rate swaps
200,000

April 1, 2020
April 1, 2030
(19,129
)
 
3,724

 
$
600,000

 
 
$
(32,744
)
 
$
1,823


Schedule of Net Gains or Losses on the Effective Swaps The net unrealized gains or losses on the effective swaps are recognized in other comprehensive loss, as follows (in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
Unrealized loss on interest rate hedges
$
(34,567
)
 
$
(4,169
)