XML 43 R30.htm IDEA: XBRL DOCUMENT v3.3.1.900
DERIVATIVE INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Value in Balance Sheet for Derivatives Designated as Hedging Instruments
The following table summarizes the fair value, notional amounts presented in U.S. dollars, and presentation in the consolidated balance sheet for derivatives designated as hedging instruments as of December 31, 2015 and December 31, 2014:
 
 
Fair Value as of
 
 
December 31,
2015
 
December 31,
2014
 
Location on Balance Sheet (1):
(In thousands)
Derivatives designated as hedges — Liabilities:
 
 
 
 
Interest rate swap — Accrued expenses and other current liabilities (2)
$
—

 
$
898

 
Total Derivatives designated as hedges — Liabilities
$
—

 
$
898

 
 
(1) 
The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 months.
(2) 
At December 31, 2015 and December 31, 2014, the notional amount related to the Company’s sole interest rate swap was $0.0 million and $97.5 million, respectively.
Effect of Derivative Instruments Designated as Cash Flow Hedges on Statements of Operations
The following presents the effect of derivative instruments designated as cash flow hedges on the accompanying consolidated statements of operations during the years ended December 31, 2015 and 2014:
 
 
Balance in AOCI
Beginning of
Year
 
Amount of
Gain (Loss)
Recognized in
AOCI-
(Effective Portion)
 
Amount of Gain (Loss)
Reclassified from
AOCI into
Earnings-(Effective
Portion)
 
Balance in AOCI
End of Year
 
Location in
Statements of
Operations
 
(In thousands)
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
Interest rate swap
$
(898
)
 
$
(25
)
 
$
(923
)
 
$
—

 
Interest (expense)
 
$
(898
)
 
$
(25
)
 
$
(923
)
 
$
—

 
 
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
Interest rate swap
(2,439
)
 
(206
)
 
(1,747
)
 
(898
)
 
Interest (expense)
 
$
(2,439
)
 
$
(206
)
 
$
(1,747
)
 
$
(898
)