Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Terms and Fair Values of Derivative Financial Instruments

The following table summarizes the terms and fair values of the Company’s derivative financial instrument (in thousands):

						Fair Value Liability
Notional Amount		Strike (1)	Credit Spread (1)	Trade Date	Maturity Date	December 31,
						2016			2015
$	7,648	3.6%	3.3%	9/28/2009	9/1/2019	$	(416	)	$	(618	)

FOOTNOTE:

(1)The strike rate does not include the credit spread on the notional amount.

Summary of Terms and Fair Values of Derivative Financial Instruments

The following table summarizes the gross and net amounts of the Company’s derivative financial instrument (in thousands):

		As of December 31, 2016
Notional Amount of Cash Flow Hedges		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities Presented in the Balance Sheet			Gross Amounts Not Offset in the Balance Sheets
										Financial Instruments			Cash Collateral		Net Amount
$	7,648	$	(416	)	$	—	$	(416	)	$	(416	)	$	—	$	(416	)

		As of December 31, 2015
Notional Amount of Cash Flow Hedges		Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities Presented in the Balance Sheet			Gross Amounts Not Offset in the Balance Sheets
										Financial Instruments			Cash Collateral		Net Amount
$	8,037	$	(618	)	$	—	$	(618	)	$	(618	)	$	—	$	(618	)