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Derivatives Instrument and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2016
Derivatives Instrument and Hedging Activities  
Schedule of fair value of the derivative financial instrument as well as its classification on the unaudited condensed consolidated balance sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2015

 

 

As of March 31, 2016

 

 

    

 

Derivative Liability

 

 

Derivative Liability

 

 

    

 

Balance Sheet
Location

    

 

Fair Value
(in thousands)

    

 

Balance Sheet
Location

    

 

Fair Value
(in thousands)

 

Interest rate swap designated as a hedging instrument

 

 

Derivative Payable

 

$

735

 

 

Derivative Payable

 

$

5,145

 

 

Schedule of changes in accumulated other comprehensive loss

 

 

 

 

 

 

    

(Losses) Gains on
Cash Flow Hedges

 

 

 

(In thousands)

 

Accumulated other comprehensive loss:

 

 

 

 

Balance at December 31, 2014

 

$

 

Other comprehensive loss before reclassifications, net of tax

 

 

(808)

 

Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax

 

 

650

 

Unrealized loss on derivatives, net of tax, balance at December 31, 2015

 

 

(158)

 

 

 

 

 

 

Other comprehensive loss before reclassifications, net of tax

 

 

(3,212)

 

Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax

 

 

358

 

Unrealized loss on derivatives, net of tax

 

 

(2,854)

 

 

 

 

 

 

Balance at  March 31, 2016

 

$

(3,012)