Accounting for Derivatives (Tables)

3 Months Ended

Mar. 31, 2015

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):

	March 31, 2015
	Balance Sheet Location	Fair Value Asset (Liability)
Derivatives designated as hedging instruments:
Interest rate hedges	Current portion of interest rate swaps	$	(6,138	)
Interest rate hedges	Other long-term liabilities	(2,747		)
Total derivatives		$	(8,885	)

	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	)

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
Three months ended March 31, 2015	$	(6,253	)	Interest expense	$	(1,525	)
Three months ended March 31, 2014	(955		)	Interest expense	(1,000		)