Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instrument Detail [Abstract]

Fair Values of Derivative Instruments

The following table presents the gross fair values of derivative instruments on our Condensed Consolidated Balance Sheets:

		Asset Derivatives					Liability Derivatives
(Dollars in thousands)	Location	June 30, 2018		December 31, 2017		Location	June 30, 2018		December 31, 2017
Derivatives designated in fair value hedging relationships:
Interest rate contracts	Other assets, current	$	—	$	13		$	—	$	—
Derivatives designated in cash flow hedging relationships:
Interest rate contracts	Other assets, non-current	$	2,108	$	1,156	Other long-term obligations	$	473	$	—

Effect of Derivatives on Consolidated Statements of Income

The following table details the effect of derivatives on our Consolidated Statements of Income:

		Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in thousands)	Location	2018			2017			2018			2017
Derivatives designated in fair value hedging relationships:
Interest rate contracts
Realized gain (loss) on interest rate contracts1	Interest expense	$	(50	)	$	123		$	(86	)	$	290
Derivatives designated in cash flow hedging relationships:
Interest rate contracts
Gain (loss) recognized in other comprehensive income, net of tax		$	1,056		$	(226	)	$	64		$	(228	)
Loss reclassified from accumulated other comprehensive income1	Interest expense	$	(193	)	$	(41	)	$	(195	)	$	(91	)
Derivatives not designated as hedging instruments:
Lumber price contracts
Unrealized gain on lumber price swap	Gain (loss) on lumber price swap	$	—		$	3,265		$	—		$	3,265
Interest expense, net		$	9,356		$	7,348		$	15,016		$	12,318

¹ Realized gain (loss) on hedging instruments consist of net cash settlements and interest accruals on interest rate swaps during the periods. Net cash settlements are included in the supplemental cash flow information within interest, net of amounts capitalized in the Condensed Consolidated Statements of Cash Flows.