Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments (Tables)

v3.20.2
Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2020 and December 31, 2019, are as follows (in thousands):
Fair Value
Derivative Assets (Liabilities)
Derivative Instrument Aggregate Notional Amount Effective Date Maturity Date June 30, 2020 December 31, 2019
Interest rate swaps $ 150,000    October 15, 2015 March 15, 2021 $ (1,553)   $ (62)  
Interest rate swaps 150,000    March 31, 2017 July 21, 2023 (4,874)   1,825   
Interest rate swaps 100,000    June 29, 2018 July 21, 2023 (7,504)   (3,664)  
Interest rate swaps 200,000    April 1, 2020 April 1, 2030 (20,602)   3,724   
$ 600,000    $ (34,533)   $ 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 June 30, Six Months Ended June 30,
2020 2019 2020 2019
Unrealized loss on interest rate hedges $ (1,789)   $ (6,942)   $ (36,356)   $ (11,111)