Derivative Financial Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

A summary of the Company’s outstanding interest rate swap agreements used to hedge variable rate debt at September 30, 2016 and 2015, respectively is as follows:

໿

	For the three months ended September 30,						For the nine months ended September 30,
(In thousands, except percentages and years)	2016			2015			2016			2015
Notional amount	$	60,000		$	—		$	60,000		$	—
Weighted average pay rate	1.26		%	—		%	1.47		%	—		%
Weighted average receive rate	0.65		%	—		%	0.58		%	—		%
Weighted average maturity in years	4.11			0			4.32			0
Unrealized gain (loss) relating to interest rate swaps	$	503		$	—		$	(355	)	$	—