Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities (Tables)

v3.10.0.1
Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivative Instruments
The following table summarizes the interest rate swap agreements as of June 30, 2018 and December 31, 2017.
 
 
December 2016 Hedge
 
June 2018 Hedge
Notional Amount
 
$50 million

 
$20 million (1)

Effective Date
 
December 30, 2016

 
June 29, 2018

Index
 
One month LIBOR

 
One month LIBOR

Maturity
 
December 31, 2019

 
December 31, 2021

Rate
 
1.59
%
 
2.98
%

(1) The notional amount increases to $70 million upon maturity of December 2016 hedge on December 31, 2019.