XML 63 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative financial instruments
Information about our derivative financial instruments at December 31, 2017 and 2016 are as follows (dollar amounts in thousands):
 
 
 
December 31, 2017
 
December 31, 2016
 
 
Number of
Instruments
 
Notional
Amount
 
Fair Value
 
Number of
Instruments
 
Notional
Amount
 
Fair Value
Interest rate swaps (asset)
 
2

 
$
200,000

 
$
1,509

 

 
$

 
$

Interest rate swap (liability)
 
1

 
75,000

 
(190
)
 
1

 
75,000

 
(1,118
)
 
 
3

 
$
275,000

 
$
1,319

 
1

 
$
75,000

 
$
(1,118
)
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):
 
 
 
2017
 
2016
 
2015
Gain (loss) recognized in accumulated other comprehensive income on derivative financial instruments
 
$
1,703

 
$
(497
)
 
$
(1,846
)
Loss reclassified from accumulated other comprehensive income to interest expense
 
$
(734
)
 
$
(1,190
)
 
$
(1,927
)
Loss recognized in other expense
 
$

 
$

 
$
(1
)
Total interest expense and other finance expense presented in the Consolidated Statement of Operations in which the effects of cash flow hedges are recorded
 
$
(29,687
)
 
$
(28,091
)
 
$
(30,414
)