Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v3.20.2
Derivatives (Tables)
6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Offsetting assets As of June 30, 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 (166,325)   —    (166,325)  
Total $ (166,325)   $ —    $ (166,325)  
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 June 30, 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 (166,325)   —    (166,325)  
Total $ (166,325)   $ —    $ (166,325)  
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 June 30, 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%
$ 10,676    $ (253)  
Interest rate swaps  
7/31/2017 - 1/31/2018
4/30/2024 - 10/20/2024
2.16% - 2.39%
277,984    (21,474)  
Interest rate swaps   4/30/2021
10/30/2026 - 10/31/2026
2.89% - 3.08%
102,720    (14,808)  
Interest rate swaps   10/31/2019 4/30/2027
1.89% - 1.90%
19,007    (1,136)  
Interest rate swaps   10/31/2019 10/31/2031
1.44% - 1.50%
22,908    (1,426)  
Interest rate swaps  
1/31/2018 - 4/30/2020
4/30/2034 - 10/31/2034
2.62% - 2.81%
243,504    (49,165)  
Interest rate swaps  
7/31/2017 - 10/18/2024
4/30/2035 - 10/31/2035
2.56% - 2.95%
275,438    (35,428)  
Interest rate swap   10/18/2024 1/31/2036 2.95% 14,656    (1,797)  
Interest rate swaps  
1/31/2019 - 4/30/2021
4/30/2037
3.30% - 3.33%
100,000    (24,976)  
Interest rate swaps  
10/30/2026 - 10/31/2026
1/31/2038
3.01% - 3.16%
101,135    (15,862)  
Total $ 1,168,028    $ (166,325)