Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Derivatives (Tables)

v3.10.0.1
Financial Instruments and Derivatives (Tables)
9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate swaps
The Company held the following interest rate swaps as of September 30, 2018 (in thousands):

Hedged Item
Current Notional Amount
Designation Date
Effective Date
Termination Date
Fixed Interest Rate
Floating Rate
Estimated Fair Value
1-month USD LIBOR Loan
$
40,000

May 31, 2018
June 1, 2018
September 23, 2021
2.611%
1-month USD LIBOR
$
(130
)
Total interest rate derivatives designated as cash flow hedge
$
40,000

 
 
 
 
 
$
(130
)