XML 60 R41.htm IDEA: XBRL DOCUMENT v3.3.1.900
Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Estimated Fair Values of Derivative Instruments
The following table summarizes the fair value of our derivative instruments (in thousands). See Note K - Fair Value Accounting for additional disclosures regarding the estimated fair values of our derivative instruments at December 31, 2015, and 2014.
 
 
 
December 31, 2015
 
December 31, 2014
 
Maturity
Date
 
Contract/Notional
Amount
 
Carrying
Amount
 
Fair
Value
 
Contract/Notional
Amount
 
Carrying
Amount
 
Fair
Value
Interest rate cap agreement(1)
2016
 
$
252
 million
 
$
—

 
$
—

 
$
188
 million
 
$
5

 
$
5


(1) Agreements limit the LIBOR floating interest rate base to 4%.
Effect of Derivatives Instruments on Combined Statements of Operations and Comprehensive Income
The following table summarizes the effect of derivatives instruments (in thousands) on our income statements and our consolidated statements of comprehensive income for the years ended December 31, 2015, 2014 and 2013.
 
2015
 
2014
 
2013
Deferred losses from derivatives in OCI, beginning of period
$
(134
)
 
$
(79
)
 
$
(182
)
Loss recognized in OCI from derivative instruments
—

 
(65
)
 
(82
)
Loss reclassified from Accumulated OCI
53

 
10

 
185

Deferred losses from derivatives in OCI, end of period
$
(81
)
 
$
(134
)
 
$
(79
)