DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The Company held the following interest rate swaps as of June 30, 2017 (amounts in thousands):

Hedged Item	Current Notional Amount		Designation Date	Effective Date	Termination Date	Fixed Interest Rate		Floating Rate	Estimated Fair Value
									Assets (Liabilities)
Term Loan A	$	50,000	June 22, 2016	December 31, 2016	June 30, 2019	1.062	%	3-month BBA LIBOR	$	520
Term Loan A	50,000		June 22, 2016	December 31, 2016	June 30, 2019	1.062	%	3-month BBA LIBOR	517
Term Loan A	50,000		July 12, 2016	December 31, 2016	June 30, 2019	0.825	%	1-month USD LIBOR	682
Term Loan A	50,000		February 6, 2017	June 30, 2017	June 30, 2020	1.834	%	3-month USD LIBOR	(187		)
Term Loan A	100,000		February 6, 2017	June 30, 2017	June 30, 2020	1.652	%	1-month USD LIBOR	(35		)
Term Loan A	100,000		March 27, 2017	December 31, 2017	June 30, 2021	1.971	%	1-month USD LIBOR	(562		)
Total interested rate derivatives designated as cash flow hedge	$	400,000							$	935

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 June 30, 2017 and December 31, 2016:

	Fair Value as of
Location on Balance Sheet (1):	June 30, 2017		December 31, 2016
	(In thousands)
Derivatives designated as hedges — Assets:
Interest rate swap — Prepaid expenses and other current assets (2)	$	660	$	242
Interest rate swap — Other assets (2)	$	1,293	1,629
	$	1,953	$	1,871
Derivatives designated as hedges — Liabilities:
Interest rate swap — Accrued expenses and other current liabilities (2)	$	618	$	—
Interest rate swap — Other liabilities (2)	400		—
Total Derivatives designated as hedges — Liabilities	$	1,018	$	—

⁽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 June 30, 2017 and December 31, 2016, the notional amounts related to the Company’s interest rate swaps were $400.0 million and $150.0 million, respectively. There is no expected reduction in this 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 statement of operations during the three and six months ended June 30, 2017 and 2016:

	Balance in AOCI Beginning of Quarter		Amount of Loss Recognized in AOCI- Effective Portion			Amount of Gain Reclassified from AOCI into Earnings-Effective Portion		Balance in AOCI End of Quarter			Location in Statements of Operations
	(In thousands)
Three Months Ended June 30, 2017
Interest rate swap	$	2,479	$	(1,500	)	$	44	$	935		Interest (expense)
	$	2,479	$	(1,500	)	$	44	$	935
Three Months Ended June 30, 2016
Interest rate swap	$	—	$	(602	)	$	—	$	(602	)	Interest (expense)
	$	—	$	(602	)	$	—	$	(602	)
	Balance in AOCI Beginning of Year		Amount of Loss Recognized in AOCI- Effective Portion			Amount of Gain Reclassified from AOCI into Earnings-Effective Portion		Balance in AOCI End of Quarter			Location in Statements of Operations
	(In thousands)
Six Months Ended June 30, 2017
Interest rate swap	$	1,871	$	(914	)	$	22	$	935		Interest (expense)
	$	1,871	$	(914	)	$	22	$	935
Six Months Ended June 30, 2016
Interest rate swap	$	—	$	(602	)	—		$	(602	)	Interest (expense)
	$	—	$	(602	)	$	—	$	(602	)