Interest Rate Swap Agreements (Tables)

9 Months Ended

Sep. 30, 2015

Interest Rate Swap Agreement Designated as Hedge Agreements

Below is a summary of the Company’s current interest rate swap agreement designated as a cash flow hedge as of September 30, 2015:

Nominal Amount	Effective Date	Pay Rate	Receive Rate	Expiration Date	Estimated Total Fair Value at September 30, 2015(1)
$100,000	November 2011	1.7150%	1-Month LIBOR	April 2016	$781

⁽¹⁾  Included in accounts payable and accrued expenses on the condensed consolidated balance sheet as of September 30, 2015.

Interest Rate Swap

Changes in Accumulated Other Comprehensive Loss, Net of Taxes

The changes in accumulated other comprehensive loss, net of taxes, related to the Company’s interest rate swap agreements for the three and nine months ended September 30, 2015 and 2014 were as follows:

	Interest Rate Swaps
	2015			2014
Beginning balances – July 1	$	(1,258	)	$	(4,558	)
Other comprehensive loss before reclassifications, net of taxes		(679	)		(641	)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes		1,446			1,533
Net other comprehensive income		767			892
Ending balances- September 30	$	(491	)	$	(3,666	)
	Interest Rate Swaps
	2015			2014
Beginning balances – January 1	$	(2,870	)	$	(5,716	)
Other comprehensive loss before reclassifications, net of taxes		(2,028	)		(2,468	)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes		4,407			4,518
Net other comprehensive income		2,379			2,050
Ending balances – September 30	$	(491	)	$	(3,666	)