DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)

12 Months Ended

Dec. 31, 2015

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING

Schedule of derivative financial instruments

Information about our derivative financial instruments at December 31, 2015 and 2014 follows (dollar amounts in thousands):

	December 31, 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)	1	75,000		(1,811		)	1	75,000		(1,957		)
	1	$	75,000	$	(1,811	)	4	$	103,002	$	(1,891	)

Schedule of location in financial statements of 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).

	2015			2014			2013
Loss recognized in accumulated other comprehensive income on derivative financial instruments (effective portion)	$	(1,846	)	$	(2,112	)	$	(1,240	)
Loss reclassified from accumulated other comprehensive income to interest expense (effective portion)	$	(1,927	)	$	(1,741	)	$	(359	)
Gain (loss) recognized in gain (loss) on derivative financial instruments (ineffective portion)	$	(1	)	$	(1	)	$	2