DERIVATIVE FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

DERIVATIVE FINANCIAL INSTRUMENTS

The Company entered into no derivative contracts during the year ended December 31, 2015. The Company entered into one derivative contract during the year ended December 31, 2014, and the contract expired unexercised during 2014. The Company entered into two derivative contracts during the year ended December 31, 2013. Both contracts entered into during 2013 expired unexercised during 2013. There were no outstanding derivative contracts as of December 31, 2015 or 2014.