Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Interest Rate Derivatives Designated as Cash Flow Hedges of Interest Rate Risk

As of September 30, 2016, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:


Interest Rate Derivative	Number of Instruments	Notional Value in Thousands
Interest Rate Swaps	Four	$550,000

Schedule of Derivative Financial Instruments in Condensed Consolidated Balance Sheet

The following table presents, in thousands, our derivative financial instruments as well as their classification in the Condensed Consolidated Balance Sheet as of September 30, 2016.

	Derivative Liabilities
	Balance Sheet
Derivatives designated as hedging instruments	Location	Fair Value
Interest rate swaps	Other long-term assets	$	683
Interest rate swaps	Accrued expenses		(1,184	)
Interest rate swaps	Other long-term liabilities		(582	)
Total derivatives designated as hedging instruments		$	(1,083	)

Effect of Derivative Hedges on Consolidated Statements of Operations and Consolidated Statements of Comprehensive Loss

The table below presents, in thousands, the effect of the Company’s derivative financial instruments designated as cash flow hedges on the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Loss for the three and nine months ended September 30, 2016:

Amount of Loss Recognized in

Location of Loss Reclassified

Amount of Loss Reclassified

Derivatives Designated

Other Comprehensive Loss on

from AOCL into Income

as Cash Flow Hedges

Derivatives (Effective Portion)

(Effective Portion)

Three Months Ended

Nine Months Ended

Three Months Ended

Nine Months Ended

September 30, 2016

Interest Rate Swaps

(1,320

)

(1,320

)

Interest Expense

(237

)

(237

)