Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2016

Derivatives and Hedging Activities

Summary of interest rate swap derivatives

						Fair Value
		Notional				of Liability
		Amount as of	Interest	Effective	Maturity	as of
	Balance Sheet Location	March 31, 2016	Rate (1)	Date	Date	March 31, 2016
Interest Rate Swap	Accounts Payable and Other Liabilities	$ 41,000	4.16%	1/29/2015	8/3/2020	$ 2,094

The interest rate consists of the underlying index swapped to a fixed rate and the applicable interest rate spread

Schedule of effects on consolidated statements of income and comprehensive income

	Three Months Ended March 31,
	2016		2015
Amount of gain (loss) recognized in cumulative
other comprehensive income (loss) (effective portion)	$	(996)	$	356
Amount of gain (loss) reclassified from cumulative
other comprehensive income (loss) into
interest expense (effective portion)	$	94	$	(138)