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Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional amounts and fair values of derivatives designated as and not designated as cash flow hedges
The notional amounts and fair values of derivative instruments are shown in the table below:
 
 
December 31, 2015
 
December 31, 2014
 
 
Notional amount
 
Fair value
 
Notional amount
 
Fair value
(in thousands)
 
 
Asset
 
Liability (1)
 
 
Asset
 
Liability (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
Undesignated derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
   Interest rate swap
 
$
75,000

 
$

 
$
299

 
$
75,000

 
$

 
$
471

 
 
 
 
 
 
 
 
 
 
 
 
 
(1)  Balance recorded as other liabilities in Consolidated Balance Sheets
 
 
 
 
 
 
Effective portion of the unrealized gain and loss on the derivative
 
 
As of December 31,
(in thousands)
 
2015
 
2014
 
 
 
 
 
Reclassified from accumulated OCL, gain/(loss)
 
$
384

 
$
384

Gain/(loss) on derivative
 
172

 
252