Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v3.20.1
Derivatives (Tables)
3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Offsetting assets As of March 31, 2020, the information related to these offsetting arrangements were as follows (in thousands):
Instrument Description Gross Amounts of Recognized Assets / Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
Derivatives $ —    $ —    $ —   
Liabilities:
Derivatives (162,727)   —    (162,727)  
Total $ (162,727)   $ —    $ (162,727)  
As of December 31, 2019 the information related to these offsetting arrangements were as follows (in thousands):
Instrument Description Gross Amounts of Recognized Assets / Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
Derivatives $ 683    $ (615)   $ 68   
Liabilities:
Derivatives (64,361)   615    (63,746)  
Total $ (63,678)   $ —    $ (63,678)  
Offsetting liabilities As of March 31, 2020, the information related to these offsetting arrangements were as follows (in thousands):
Instrument Description Gross Amounts of Recognized Assets / Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
Derivatives $ —    $ —    $ —   
Liabilities:
Derivatives (162,727)   —    (162,727)  
Total $ (162,727)   $ —    $ (162,727)  
As of December 31, 2019 the information related to these offsetting arrangements were as follows (in thousands):
Instrument Description Gross Amounts of Recognized Assets / Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
Derivatives $ 683    $ (615)   $ 68   
Liabilities:
Derivatives (64,361)   615    (63,746)  
Total $ (63,678)   $ —    $ (63,678)  
Summary of derivative instruments classified as derivative assets
At March 31, 2020, the Company had the following derivative instruments (dollars in thousands):
Type Quantity Effective Dates Maturity Dates Hedge Interest Rates Notional Amount Adjusted Net Fair Market Value
Interest rate swap   4/29/2016 8/31/2022
1.27%- 1.29%
$ 11,103    $ (242)  
Interest rate swaps  
7/31/2017 - 1/31/2018
4/30/2024 - 10/20/2024
2.16% - 2.39%
278,986    (20,303)  
Interest rate swaps   4/30/2021
10/30/2026 - 10/31/2026
2.89% - 3.08%
102,720    (13,858)  
Interest rate swaps   10/31/2019 4/30/2027
1.89% - 1.90%
19,347    (1,048)  
Interest rate swaps   10/31/2019 10/31/2031
1.44% - 1.50%
23,125    (1,269)  
Interest rate swaps  
1/31/2018 - 1/31/2020
4/30/2034 - 10/31/2034
2.62% - 2.78%
243,655    (48,121)  
Interest rate swaps  
7/31/2017 - 10/18/2024
4/30/2035 - 10/31/2035
2.56% - 2.95%
275,561    (35,218)  
Interest rate swap   10/18/2024 1/31/2036 2.95% 14,656    (1,799)  
Interest rate swaps  
1/31/2019 - 4/30/2021
4/30/2037
3.28% - 3.30%
100,000    (24,503)  
Interest rate swaps  
10/30/2026 - 10/31/2026
1/31/2038
3.01% - 3.16%
101,135    (16,366)  
Total $ 1,170,288    $ (162,727)