Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.20.4
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of interest rate swap derivatives fair value
Information regarding the Company's interest rate swaps measured at fair value, which are classified within Level 2 of the GAAP fair value hierarchy, is presented below (dollars in thousands):
Interest Rate Swaps Designated as Cash Flow Hedges
Fair value at December 31, 2018 $ 14,247 
Cash flow hedge ineffectiveness included in accumulated other comprehensive income
68 
Gains on interest rate swaps reclassified into interest expense from accumulated other comprehensive income
(3,337)
Unrealized losses on interest rate swaps included in accumulated other comprehensive income
(29,941)
Fair value at December 31, 2019 $ (18,963)
Fair value at December 31, 2019 $ (18,963)
Cash flow hedge ineffectiveness included in accumulated other comprehensive income
69 
Losses on interest rate swaps reclassified into interest expense from accumulated other comprehensive income
14,520 
Unrealized losses on interest rate swaps included in accumulated other comprehensive income
(73,544)
Fair value at December 31, 2020 $ (77,918)