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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of our derivative financial instrument as well as our classification on our Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015 (amounts in thousands):
Derivatives in Cash Flow Hedging Relationship
Balance Sheet Location
 
March 31,
2016
 
December 31,
2015
Interest Rate Swap
Accrued expenses and accounts payable
 
$
1,161

 
$
553

Derivative Instruments, Gain (Loss)
The tables below present the effect of our derivative financial instrument on the Consolidated Statements of Income and Comprehensive Income for the quarters ended March 31, 2016 and 2015 (amounts in thousands):
Derivatives in Cash Flow Hedging Relationship
 
Amount of 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)
 
March 31,
2016
 
March 31,
2015
 
 
March 31,
2016
 
March 31,
2015
Interest Rate Swap
 
$
919

 
$
1,292

 
Interest Expense
 
$
311

 
$
435