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DERIVATIVE INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2016
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 and presentation in the consolidated balance sheet for derivatives designated as hedging instruments as of December 31, 2016:
 
 
December 31,
2016
 
 
Location on Balance Sheet (1):
(In thousands)
Derivatives designated as hedges — Assets:
 
 
 
Interest rate swap — Prepaid expenses and other current assets (2)
$
242

 
 
Interest rate swap — Other assets
1,629

 
 
Total Derivatives designated as hedges — Assets
$
1,871

 
 
 
(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, 2016 the total notional amount related to the Company’s three interest rate swaps was $150.0 million
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, 2016 and 2015:
 
 
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, 2016
 
 
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
1,871

 
$
—

 
$
1,871

 
 
 
$
—

 
$
1,871

 
$
—

 
$
1,871

 
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
Interest rate swap
(898
)
 
(25
)
 
(923
)
 
—

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