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DERIVATIVE INSTRUMENTS (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 following table summarizes the fair value and presentation for derivatives designated as hedging instruments in the condensed consolidated balance sheets as of September 30, 2016:
 
Location on Balance Sheet (1):
 
Fair Value as of September 30, 2016
 
 
(In thousands)
Derivatives designated as hedges — Assets:
 
 
Interest rate swap — Other assets (2)
 
$
37

Derivatives designated as hedges — Liabilities:
 
 
Interest rate swap — Other liabilities (2)
 
21

 
(1) 
The Company classifies derivative assets and liabilities as non-current based on the cash flows expected to be incurred within the following 12 months.
(2) 
At September 30, 2016, the notional amount related to the Company’s interest rate swaps was $150.0 million. There is no expected reduction in notional amount in the next twelve months.
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 condensed consolidated statements of operations during the three and nine months ended September 30, 2016 and 2015:
 
 
Balance in AOCI
Beginning of
Quarter
 
Amount of
Loss
Recognized in
AOCI-
Effective Portion
 
Amount of Loss
Reclassified from
AOCI into
Earnings-Effective
Portion
 
Balance in AOCI
End of Quarter
 
Location in
Statements of
Operations
 
(In thousands)
Three Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
Interest rate swap
$
(602
)
 
$
618

 
$
—

 
$
16

 
 
 
$
(602
)
 
$
618

 
$
—

 
$
16

 
 
Three months ended September 30, 2015
 
 
 
 
 
 
 
 
 
Interest rate swap
$
(161
)
 
$
—

 
$
(161
)
 
$
—

 
Interest (expense)
 
$
(161
)
 
$
—

 
$
(161
)
 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Balance in AOCI
Beginning of
Year
 
Amount of
Loss
Recognized in
AOCI-
Effective Portion
 
Amount of Loss
Reclassified from
AOCI into
Earnings-Effective
Portion
 
Balance in AOCI
End of Quarter
 
Location in
Statements of
Operations
 
(In thousands)
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
16

 
$
—

 
$
16

 
 
 
$
—

 
$
16

 
$
—

 
$
16

 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2015
 
 
 
 
 
 
 
 
 
Interest rate swap
$
(898
)
 
$
(25
)
 
(923
)
 
$
—

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