Quarterly report pursuant to Section 13 or 15(d)

Orion Office REIT, Derivative and Hedging Activities (Tables)

v3.22.2.2
Orion Office REIT, Derivative and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The table below presents the fair value of the Company’s derivative financial instrument designated as a cash flow hedge as well as its classification in the Company’s consolidated balance sheets as of September 30, 2022 and December 31, 2021 (in thousands):
Derivatives Designated as Hedging Instruments Balance Sheet Location September 30, 2022 December 31, 2021
Interest rate swaps Other assets, net $ 7,057  $ 299 
Schedule of Derivative Offsetting Assets
The table below details a gross presentation, the effects of offsetting and a net presentation of the Company’s derivatives as of September 30, 2022 and December 31, 2021 (in thousands). The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value.
Offsetting of Derivative Assets and Liabilities
Gross Amounts of Recognized Assets Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Assets Presented in the Consolidated Balance Sheets Net Amounts of Liabilities Presented in the Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount
September 30, 2022 $ 7,057  $ —  $ —  $ 7,057  $ —  $ —  $ —  $ 7,057 
December 31, 2021 $ 299  $ —  $ —  $ 299  $ —  $ —  $ —  $ 299 
Schedule of Derivative Offsetting Liabilities
The table below details a gross presentation, the effects of offsetting and a net presentation of the Company’s derivatives as of September 30, 2022 and December 31, 2021 (in thousands). The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value.
Offsetting of Derivative Assets and Liabilities
Gross Amounts of Recognized Assets Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Assets Presented in the Consolidated Balance Sheets Net Amounts of Liabilities Presented in the Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount
September 30, 2022 $ 7,057  $ —  $ —  $ 7,057  $ —  $ —  $ —  $ 7,057 
December 31, 2021 $ 299  $ —  $ —  $ 299  $ —  $ —  $ —  $ 299