Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities [Abstract]

Schedule of Derivative Financial Instruments as well as its Classification on the Consolidated Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheet as of December 31, 2015 and 2014 (in thousands):

		Fair Value as of
	Balance Sheet Location	December 31, 2015			December 31, 2014
Derivatives designated as hedging instruments:
Interest rate swaps
	Accrued liabilities and other	$	(682	)	$	(1,309	)
	Deferred charges and other assets, net		1,370			3,180
Total derivatives designated as hedging instruments		$	688		$	1,871

Schedule of Accumulated Other Comprehensive Income (Loss)

The table below presents changes in accumulated other comprehensive income by component for the twelve months ended December 31, 2015 (in thousands):

	Gains and (Losses) on Cash Flow Hedges			Income Tax (Expense) Benefit			Accumulated Other Comprehensive Income
Balance as of December 31, 2014	$	1,871		$	(749	)	$	1,122
Other comprehensive income (loss) before reclassifications		(2,732	)		1,095			(1,637	)
Amounts reclassified from accumulated other comprehensive income (to interest expense)		1,549			(619	)		930
Net current period other comprehensive income (loss)		(1,183	)		476			(707	)
Balance as of December 31, 2015	$	688		$	(273	)	$	415