Interest Rate Contracts (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

The following table sets forth a summary of the interest rate swaps at March 31, 2018 and December 31, 2017:

				Fair Value (1)
Derivative Instruments	Effective Date	Maturity Date	Interest Strike Rate	March 31, 2018		December 31, 2017
Assets
Interest Rate Swap	4/1/2016	12/12/2018	0.74%	$	922	$	967
Interest Rate Swap	11/1/2017	7/1/2018	1.50%	107		65

(1) The Company records all derivative instruments on a gross basis on the consolidated balance sheets, and accordingly, there are no offsetting amounts that net assets against liabilities. As of March 31, 2018, the Company's derivatives were in assetposition, and as such, the fair value is included in the line item "Other Assets, net" on the consolidated balance sheet.

Impact of interest rate swap on consolidated statements of operation

The following table sets forth the impact of the interest rate swaps on the consolidated financial statements for the three months ended March 31, 2018 and 2017:

	Three Months Ended March 31,
	2018			2017
Interest Rate Swaps in Cash Flow Hedging Relationship:
Amount of (gain) loss recognized in AOCI on derivatives	$	(241	)	$	(176	)
Amount of gain (loss) reclassified from AOCI into earnings under “Interest expense”	$	240		$	(10	)
Total interest expense presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded	$	4,271		$	3,579