Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [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, 2016 and 2015 (in thousands):

		Fair Value as of
	Balance Sheet Location	December 31, 2016			December 31, 2015
Derivatives designated as hedging instruments:
Interest rate swaps
	Accrued liabilities and other	$	(895	)	$	(682	)
	Deferred charges and other assets, net	12,118			1,370
Total derivatives designated as hedging instruments		$	11,223		$	688

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, 2016 (in thousands):

	Gains on Cash Flow Hedges		Income Tax (Expense) Benefit			Accumulated Other Comprehensive Income
Balance as of December 31, 2015	$	688	$	(273	)	$	415
Other comprehensive income before reclassifications	8,370		(3,306		)	5,064
Amounts reclassified from accumulated other comprehensive income (to interest expense)	2,165		(856		)	1,309
Net current period other comprehensive income (loss)	10,535		(4,162		)	6,373
Balance as of December 31, 2016	$	11,223	$	(4,435	)	$	6,788