| Summary of terms and fair values of the derivative financial instruments |
The following table summarizes the terms and fair values of the Company’s derivative financial instruments as of September 30, 2017 and December 31, 2016, respectively (dollars in thousands):
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Hedge
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Hedge
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Notional Amount
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Effective
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Fair Value
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Product
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Type (a)
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September 30, 2017
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December 31, 2016
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Strike
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Date
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Maturity
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September 30, 2017
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December 31, 2016
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Swap
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Cash flow
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$
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—
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$
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75,000
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1.3360
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%
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12/30/2011
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3/31/2017
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$
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—
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$
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(103)
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Swap
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Cash flow
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—
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50,000
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1.3360
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%
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12/30/2011
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3/31/2017
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—
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(69)
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Swap
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Cash flow
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—
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50,000
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1.3360
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%
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12/30/2011
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3/31/2017
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—
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(69)
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Swap
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Cash flow
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—
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25,000
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1.3375
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%
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12/30/2011
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3/31/2017
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—
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(34)
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Swap
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Cash flow
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40,000
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40,000
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2.4590
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%
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6/20/2011
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6/20/2018
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(308)
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(797)
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Swap
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Cash flow
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40,000
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40,000
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2.4725
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%
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6/20/2011
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6/20/2018
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(311)
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(804)
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Swap
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Cash flow
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20,000
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20,000
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2.4750
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%
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6/20/2011
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6/20/2018
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(156)
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(404)
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$
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100,000
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$
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300,000
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$
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(775)
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$
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(2,280)
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(a)
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Hedging unsecured variable rate debt by fixing 30-day LIBOR. |
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