Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

v3.19.1
Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The composition of financial instruments is as follows:
 
March 31, 2019
 
December 31, 2018
 
(in thousands)
Assets
 
 
 
Interest rate swap
$
1,005

 
$
1,623


Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents a summary of the Company’s financial instruments that are measured on a recurring basis:
 
 
 
Fair Value Measurements
 
Balance
 
Quoted Prices
in Active Markets for Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
(in thousands)
Assets
 
 
 
 
 
 
 
Interest rate swap, March 31, 2019
$
1,005

 
$

 
$
1,005

 
$

Interest rate swap, December 31, 2018
$
1,623

 
$

 
$
1,623

 
$



Derivative Instruments and Hedging Activities Disclosure
The following table summarizes activity for the interest rate swap:
 
Three Months Ended
 
March 31,
2019
 
March 31,
2018
 
(in thousands)
Interest rate swap asset
 
 
 
Beginning balance
$
1,623

 
$
734

Unrealized gain (loss) recognized in other comprehensive income (loss)
(618
)
 
1,384

Ending balance
$
1,005

 
$
2,118