Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments (Tables)

v3.20.4
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the terms and fair values of our derivative financial instruments, as well as their classifications within the consolidated balance sheets as of December 31, 2020 and 2019 (notional amounts and fair values in thousands):
Fair Value
Effective Date Maturity Date Notional Amount Bank Pay Rate Company Average Fixed Pay Rate 2020 2019
Assets (Liabilities)(1):
April 13, 2016 January 1, 2021 $ 175,000  1  month LIBOR 1.03  % $ (17) $ 1,018 
March 1, 2018 January 31, 2021 40,000  1  month LIBOR 2.47  % (75) (376)
August 14, 2018 January 1, 2021 150,000  1  month LIBOR 2.20  % (34) (896)
July 1, 2019 February 1, 2024 25,000  1  month LIBOR 1.75  % (1,192) (170)
January 1, 2021 February 1, 2024 150,000  1 month LIBOR 0.60  % (1,901) — 
January 1, 2021 February 1, 2024 100,000  1 month LIBOR 0.22  % $ (139) — 
Total $ 640,000  $ (3,358) $ (424)
(1)Asset balances are recorded in prepaids and other assets on the consolidated balance sheets and liabilities are recorded in other liabilities on the consolidated balance sheets.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements for the years ended December 31, 2020, 2019 and 2018, respectively (in thousands):
2020 2019 2018
Interest Rate Swaps (Effective Portion):
Amount of gain (loss) recognized in OCI
 $ (2,934) $ (6,174) $ 405