Short-Term Borrowings, Long-Term Debt, and Interest Expense (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Short-Term Borrowings and Long-Term Debt

Short-term borrowings and long-term debt consist of the following:

 

	September 30, 2019		December 31, 2018
Revolver borrowings under the credit facility due 2021	$	340,000	$	300,000
Long-term debt	$	340,000	$	300,000

Components of Interest Expense, Net

Interest expense, net consists of the following:

	Three months ended						Nine months ended
	September 30, 2019			September 30, 2018			September 30, 2019			September 30, 2018
Interest expense	$	3,967		$	3,703		$	11,592		$	10,281
Deferred financing cost	107			107			322			322
Interest income	(30		)	(18		)	(93		)	(50		)
Less: amount capitalized for capital projects	(54		)	(364		)	(241		)	(1,023		)
Total interest expense, net	$	3,990		$	3,428		$	11,580		$	9,530

Schedule of Derivative Instruments

The table below presents the fair value of the Company's derivative financial instruments as well as their classification in the Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018.

Tabular Disclosure of Fair Values of Derivative Instruments
		Fair value as of
Derivatives designated as hedging instruments	Balance Sheet Location	September 30, 2019		December 31, 2018
Interest Rate Contract	Other current liabilities	$	1,553	$	—
	Other long-term liabilities	2,397		1,023
		$	3,950	$	1,023

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The table below presents the effect of the Company’s derivative financial instruments in the Consolidated Statements of Operations and AOCI for the three and nine months ended September 30, 2019 and September 30, 2018.

Tabular Disclosure of the Effect of Derivative Instruments
Derivatives in Cash Flow Hedging Relationships	Amount of Gain/(Loss) Recognized in AOCI on Derivative			Location of Gain/(Loss) Reclassified from AOCI into Income	Amount of Gain/(Loss) Reclassified from AOCI into Income
Interest Rate Contract	$	(164	)	Interest Income/(Expense)	$	(162	)
Three months ended September 30, 2019	$	(164	)		$	(162	)
Interest Rate Contract	$	(2,927	)	Interest Income/(Expense)	$	(302	)
Nine months ended September 30, 2019	$	(2,927	)		$	(302	)
Interest Rate Contract	$	—		Interest Income/(Expense)	$	—
Three months ended September 30, 2018	$	—			$	—
Interest Rate Contract	$	—		Interest Income/(Expense)	$	—
Nine months ended September 30, 2018	$	—			$	—