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Accounting for Derivatives (Tables)
12 Months Ended
Dec. 31, 2014
Accounting for Derivatives  
Effect of derivative instruments on consolidated financial position

 

The following tables present the effect of derivative instruments on our consolidated financial position and results of operations (in thousands):

 

 

December 31, 2014

 

 

 

Balance Sheet Location

 

Fair Value
Asset
(Liability)

 

Derivatives designated as hedging instruments:

 

 

 

 

 

Interest rate hedges

 

Intangible and other assets, net

 

$

712

 

Interest rate hedges

 

Current portion of interest rate swaps

 

(4,958

)

Interest rate hedges

 

Other long-term liabilities

 

(150

)

Total derivatives

 

 

 

$

(4,396

)

 

 

 

December 31, 2013

 

 

 

Balance Sheet Location

 

Fair Value
Asset
(Liability)

 

Derivatives designated as hedging instruments:

 

 

 

 

 

Interest rate hedges

 

Intangible and other assets, net

 

$

322

 

Interest rate hedges

 

Current portion of interest rate swaps

 

(3,374

)

Total derivatives

 

 

 

$

(3,052

)

 

Effect of derivative instruments on results of operations

 

The following tables present the effect of derivative instruments on our consolidated financial position and results of operations (in thousands):

 

 

 

Gain (Loss)
Recognized in Other
Comprehensive
Income (Loss) on
Derivatives

 

Location of Gain
(Loss) Reclassified
from Accumulated
Other Comprehensive
Income (Loss) into
Income (Loss)

 

Gain (Loss)
Reclassified from
Accumulated Other
Comprehensive
Income (Loss) into
Income (Loss)

 

Derivatives designated as cash flow hedges:

 

 

 

 

 

 

 

Interest rate hedges

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

$

(5,879

)

Interest expense

 

$

(4,794

)

Year Ended December 31, 2013

 

$

3,057

 

Interest expense

 

$

(4,684

)

Year Ended December 31, 2012

 

$

(5,542

)

Interest expense

 

$

(4,761

)