Derivative Instruments and Risk Management Activities (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Assets and liabilities associated with interest rate derivative instruments

Assets and liabilities associated with interest rate derivative instruments as reflected in the accompanying balance sheets were as follows:

	As of June 30, 2018		As of December 31, 2017
	(In thousands)
Assets from interest rate risk management activities:
Other long-term assets	$	18,548	$	9,501
Total	$	18,548	$	9,501
Liabilities from interest rate risk management activities:
Current	$	682	$	1,996
Long-term	1,597		8,583
Total	$	2,279	$	10,579

Impact of interest rate derivative instruments

The following table presents the impact during the current and comparative prior year periods for the Company's interest rate derivative instruments on its Consolidated Statements of Operations and Consolidated Balance Sheets.

	Amount of Unrealized Income (Loss), Net of Tax, Recognized in Other Comprehensive Income (Loss)
	Six Months Ended June 30,
Derivatives in Cash Flow Hedging Relationship	2018			2017
	(In thousands)
Interest rate derivative instruments	$	11,305		$	(2,180	)
	Amount of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations
Location of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations	Six Months Ended June 30,
	2018			2017
	(In thousands)
Floorplan interest expense	$	(2,999	)	$	(5,656	)
Other interest expense	(390		)	(1,154		)

The net amount of loss expected to be reclassified out of other comprehensive income (loss) into earnings as additional floorplan interest expense or other interest expense in the next twelve months is $0.2 million.