Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016 and December 31, 2015 (amounts in thousands):

Derivatives in Cash Flow Hedging Relationship	Balance Sheet Location	September 30, 2016		December 31, 2015
Interest Rate Swap	Accrued expenses and accounts payable	$	646	$	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 endedSeptember 30, 2016 and 2015 (amounts in thousands):

Derivatives in Cash Flow Hedging Relationship	Amount of loss (gain) recognized in OCI on derivative					Location of loss reclassified from accumulated OCI into income	Amount of loss reclassified from accumulated OCI into income
	September 30, 2016			September 30, 2015			September 30, 2016		September 30, 2015
Interest Rate Swap	$	(272	)	$	1,012	Interest Expense	$	279	$	434

The tables below present the effect of our derivative financial instrument on the Consolidated Statements of Income and Comprehensive Income for the nine months endedSeptember 30, 2016 and 2015 (amounts in thousands):

Derivatives in Cash Flow Hedging Relationship	Amount of loss recognized in OCI on derivative				Location of loss reclassified from accumulated OCI into income	Amount of loss reclassified from accumulated OCI into income
	September 30, 2016		September 30, 2015			September 30, 2016		September 30, 2015
Interest Rate Swap	$	986	$	2,535	Interest Expense	$	893	$	1,304

We determined that no adjustment was necessary for non-performance risk on our derivative obligation. As of September 30, 2016, we have not posted any collateral related to this agreement.