Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities (Tables)

v3.19.1
Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivative Instruments The following table summarizes the interest rate swap agreements.
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
Fixed Rate 1.59  % 2.98  %

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