Derivative and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Agreements The following table summarizes the notional amount and fair value of these instruments (dollars in thousands), which are recorded in accounts payable, accrued expenses and other liabilities on the Company's consolidated balance sheets (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value of Liability

 

Derivatives Designated as Hedging Instruments

 

Notional

Amount

 

 

Fixed Interest

Rate

 

 

Effective

Date

 

Maturity

Date

 

June 30,

2019

 

 

December 31,

2018

 

Interest Rate Swap

 

$

200,000

 

 

 

2.8140

%

 

02/01/19

 

02/01/24

 

$

10,449

 

 

$

3,559

 

Interest Rate Swap

 

$

100,000

 

 

 

2.8174

%

 

02/01/19

 

02/01/24

 

$

5,242

 

 

$

1,801

 

Interest Rate Swap

 

$

100,000

 

 

 

2.8180

%

 

02/01/19

 

02/01/24

 

$

5,243

 

 

$

1,799

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

20,934

 

 

$

7,159

 

 
Summary of Amounts Recorded in AOCL

The following table provides information about the amounts recorded in AOCL, as well as the loss recorded in operations, when reclassified out of AOCL, for the three and six months ended June 30, 2019 (in thousands):

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

 

 

June 30, 2019

 

 

June 30, 2019

 

Gross Amount of Loss Recognized in AOCL on Derivatives

 

$

9,097

 

 

$

14,326

 

Amount of Loss Reclassified from AOCL to Interest (1)

 

$

343

 

 

$

551

 

 

(1)

Interest expense for the three and six months ended June 30, 2019 was $25.2 million and $51.8 million, respectively.