Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instrument Assets and (Liabilities) Held

The following table lists the derivative financial instrument assets and (liabilities) held by us as of March 31, 2016 (in thousands):

Notional Amount		Index	Rate		Fair Value			Instrument	Maturity
$	100,000	LIBOR	0.86	%	$	(76	)	Swap	6/15/2016
50,000		LIBOR	1.39		(860		)	Swap	7/17/2019
105,000		LIBOR	1.24		(1,270		)	Swap	7/17/2019
25,892		LIBOR + 1.45%	4.98		(2,529		)	Swap	5/1/2020

The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2015 (in thousands):

Notional Amount		Index	Rate		Fair Value			Instrument	Maturity
$	100,000	LIBOR	0.86	%	$	(142	)	Swap	6/15/2016
50,000		LIBOR	1.39		(71		)	Swap	7/17/2019
105,000		LIBOR	1.24		427			Swap	7/17/2019
26,092		LIBOR + 1.45%	4.98		(2,157		)	Swap	5/1/2020

Gross Fair Value of Derivative Financial Instruments

As of March 31, 2016 and December 31, 2015, the gross fair value of our derivative financial instruments was as follows (in thousands):

	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
Derivatives Not Designated as Hedging Instruments:	Balance Sheet Location	March 31, 2016		December 31, 2015		Balance Sheet Location	March 31, 2016		December 31, 2015
Interest rate swaps	Receivables and other assets	$	—	$	427	Derivative financial instruments	$	4,735	$	2,370

Schedule of Derivatives Subject to Master Netting Arrangements

As of March 31, 2016 and December 31, 2015, we had derivatives subject to enforceable master netting arrangements which allowed for net cash settlement with the respective counterparties (in thousands):

	March 31, 2016						December 31, 2015
	Gross Amounts		Amounts Subject to Enforceable Master Netting Arrangements		Net Amounts		Gross Amounts		Amounts Subject to Enforceable Master Netting Arrangements			Net Amounts
Asset derivatives	$	—	$	—	$	—	$	427	$	(427	)	$	—
Liability derivatives	4,735		—		4,735		2,370		(427		)	1,943