Capital and Financing Transactions (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of revolving credit facilities and term loans

At June 30, 2016 and December 31, 2015, the carrying amounts of the Company's notes payable to banks, net were $543.7 million and $542.9 million, respectively, including $550.0 million outstanding under the following term loans (in thousands):



Credit Facilities	Interest Rate	Initial Maturity	Outstanding Balance at June 30, 2016			Outstanding Balance at December 31, 2015
$10.0 Million Working Capital Revolving Credit Facility	1.8%	03/30/2018	$	—		$	—
$450.0 Million Revolving Credit Facility	1.8%	03/30/2018	—			—
$250.0 Million Five-Year Term Loan	2.6%	03/29/2019	250,000			250,000
$200.0 Million Five-Year Term Loan	1.8%	06/26/2020	200,000			200,000
$100.0 Million Seven-Year Term Loan	4.4%	03/31/2021	100,000			100,000
Notes payable to banks outstanding			550,000			550,000
Unamortized debt issuance costs, net			(6,258		)	(7,120		)
Notes payable to banks, net			$	543,742		$	542,880

Schedule of the effect of derivative financial instruments on consolidated statements of operations and comprehensive income (loss)

The table below presents the effect of the Company's derivative financial instruments on the Company's consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2016 and 2015 (in thousands):



Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps)	Three Months Ended June 30,					Six Months Ended June 30,
	2016			2015		2016			2015
Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	$	(2,341	)	$	680	$	(8,017	)	$	(4,425	)
Net loss reclassified from accumulated other comprehensive income (loss) into earnings	$	1,353		$	1,734	$	2,716		$	3,592
Amount of loss recognized in income on derivatives (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	$	11		$	1,221	$	37		$	1,245