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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments at Fair Value

Derivative financial instruments at fair value consisted of the following (in thousands):

 

December 31, 2016

 

 

Balance Sheet Location

Asset derivatives designated as hedging instruments:

 

 

 

 

 

 

Interest rate swaps

 

$

14,317

 

 

Other non-current assets

Total derivatives

 

$

14,317

 

 

 

 

Schedule of Effect of Derivative Financial Instruments on Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations, Before Tax Effect


The effect of derivative financial instruments on the consolidated statements of comprehensive income (loss) and the consolidated statements of operations, before tax effect, consisted of the following (in thousands):

 

 

Year Ended December 31,

 

 

 

 

 

2016

 

 

2015

 

 

Location of Gain (Loss)

Gains recognized in OCI - effective portion:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

13,133

 

 

$

—

 

 

 

Total

 

$

13,133

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses reclassified from AOCI into income - effective

   portion:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

(407

)

 

$

—

 

 

Interest expense

Total

 

$

(407

)

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains recognized in income - ineffective portion:

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

1,591

 

 

$

—

 

 

Other (income) expense

Total

 

$

1,591

 

 

$

—