Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Notional Values and Fair Values of Derivative Financial Instruments

The following table summarizes the notional values and fair values of our derivative financial instruments as of March 31, 2015:

	Hedge	Notional		Fixed		Fair			Expiration
Underlying Debt	Type	Value		Rate		Value			Date
		(In thousands)				(In thousands)
Derivative Liabilities
Unsecured term loan facility	Cash Flow	$	75,000	1.2175	%	$	(693	)	04/2016
Unsecured term loan facility	Cash Flow	30,000		2.0480	%	(1,007		)	10/2018
Unsecured term loan facility	Cash Flow	25,000		1.8500	%	(669		)	10/2018
Unsecured term loan facility	Cash Flow	5,000		1.8400	%	(132		)	10/2018
Unsecured term loan facility	Cash Flow	15,000		2.1500	%	(572		)	05/2020
Unsecured term loan facility	Cash Flow	10,000		2.1500	%	(382		)	05/2020
Unsecured term loan facility	Cash Flow	50,000		1.4600	%	(179		)	05/2020
		$	210,000			$	(3,634	)

Summary of Effect of Derivative Financial Instruments on Condensed Consolidated Statements of Operations

The effect of derivative financial instruments on our condensed consolidated statements of operations for the three months ended March 31, 2015 and 2014 is summarized as follows:

	Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)						Location of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in Cash Flow Hedging Relationship	Three Months Ended March 31,							Three Months Ended March 31,
	2015			2014				2015			2014
	(In thousands)							(In thousands)
Interest rate contracts - assets	$	(537	)	$	(561	)	Interest Expense	$	(288	)	$	(286	)
Interest rate contracts - liabilities	(928		)	(138		)	Interest Expense	(468		)	(467		)
Total	$	(1,465	)	$	(699	)	Total	$	(756	)	$	(753	)