DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)

9 Months Ended

Sep. 30, 2015

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING

Schedule of derivative financial instruments

Information about our derivative financial instruments at September 30, 2015 and December 31, 2014 is as follows (dollars in thousands):

	September 30, 2015						December 31, 2014
	Number of Instruments	Notional Amount		Fair Value			Number of Instruments	Notional Amount		Fair Value
Interest rate swaps (asset)	—	$	—	$	—		3	$	28,002	$	66
Interest rate swaps (liability)	4	102,034		(2,930		)	1	75,000		(1,957		)
	4	$	102,034	$	(2,930	)	4	$	103,002	$	(1,891	)

Schedule of the location in the financial statements of the gain or loss recognized on derivative financial instruments designated as cash flow hedges

The table below details the location in the financial statements of the gain or loss recognized on derivative financial instruments designated as cash flow hedges (in thousands).

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2015			2014			2015			2014
Loss recognized in accumulated other comprehensive income on derivative financial instruments (effective portion)	$	(1,168	)	$	414		$	(2,314	)	$	(1,192	)
Loss reclassified from accumulated other comprehensive income to interest expense (effective portion)	$	(426	)	$	(441	)	$	(1,276	)	$	(1,303	)
Income (loss) recognized in loss on derivative financial instruments (ineffective portion)	$	—		$	1		$	(1	)	$	—