Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the fair value of the Company's derivative instruments recorded in the consolidated balance sheets as of September 30, 2017 and December 31, 2016 (dollars in thousands):



		Fair Value
	Balance Sheet Location	September 30, 2017		December 31, 2016
Asset Derivatives:
Derivatives designated as hedges:
British pound forward contracts	Other assets	$	16,017	$	26,359
Total derivatives designated as hedges		$	16,017	$	26,359
Derivatives not designated as hedges:
Cross-currency swap contract	Prepaid expenses and other	$	1,259	$	174
Cross-currency swap contract	Other assets	944		506
Total derivatives not designated as hedges		$	2,203	$	680

Liability Derivatives:
Derivatives designated as hedges:
Interest rate swap agreements	Accrued expenses	$	2,005	$	1,747
Interest rate swap agreements	Other long-term liabilities	15,425		13,411
British pound forward contracts	Other long-term liabilities	568		17
Total derivatives designated as hedges		$	17,998	$	15,175

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The following table shows the effect of the Company's derivative instruments designated as cash flow hedges for the three and nine months ended September 30, 2017 and 2016 in other comprehensive income (OCI) (dollars in thousands):



	Total Cash Flow Hedge OCI Activity, Net of Tax
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2017		2016			2017			2016
Derivatives Designated as Cash Flow Hedges:
Effective portion of net changes in fair value recognized in OCI, net of tax:
Interest rate swap agreements	$	388	$	(1,414	)	$	(1,382	)	$	(15,780	)
British pound forward contracts, net ^(a)	348		(713		)	2,020			(2,584		)
	$	736	$	(2,127	)	$	638		$	(18,364	)

(a)

The three and nine months ended September 30, 2017 represents a net gain of $3.2 million and $8.6 million, respectively, for the mark-to-market of the U.K. intercompany loan, partially offset by a net loss of $2.8 million and $6.6 million, respectively, for the mark-to-market of the British pound forward contracts. The three and nine months ended September 30, 2016 represents a net loss of $2.3 million and $13.7 million, respectively, for the mark-to-market of the U.K. intercompany loan, partially offset by a net gain of $1.6 million and $11.1 million, respectively, for the mark-to-market of the British pound forward contracts.

Schedule of Derivative Instruments, Gain (Loss) in Consolidated Statement of Operations [Table Text Block]

The following table shows the effect of the Company's derivative instruments not designated as hedges for the three and nine months ended September 30, 2017 and 2016 in the consolidated statements of operations (dollars in thousands):



		Amount Recognized in Earnings
		Three Months Ended					Nine Months Ended
	Location of Amount Recognized in Earnings	September 30,					September 30,
	Location of Amount Recognized in Earnings	2017			2016		2017			2016
Derivative Instruments Not Designated as Hedges:
Cross-currency swap agreements	Interest expense	$	(1,887	)	$	—	$	(1,887	)	$	—
Cross-currency swap agreements, net ^(a)	Other income/(loss), net	(842		)	—		(4,510		)	—
		$	(2,729	)	$	—	$	(6,397	)	$	—

(a)

The three months ended September 30, 2017 represents a net gain of $1.7 million for the mark-to-market of the Swaps, partially offset by a net loss of $2.5 million for the mark-to-market of the GRail Intercompany Loan. The nine months ended September 30, 2017 represents a net gain of $2.0 million for the mark-to-market of the Swaps and a net loss of $6.5 million for the mark-to-market of the GRail Intercompany Loan.

Interest Rate Swap [Member]

Derivative [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The following table summarizes the terms of the Company's outstanding interest rate swap agreements entered into to manage the Company's exposure to changes in interest rates on its variable rate debt (amounts in thousands):

Notional Amount

Effective Date

Expiration Date

Date

Amount

Pay Fixed Rate

Receive Variable Rate

9/30/2016

9/30/2026

100,000

2.76%

1-month LIBOR

9/30/2016

9/30/2026

100,000

2.74%

1-month LIBOR

9/30/2016

9/30/2026

100,000

2.73%

1-month LIBOR

12/1/2016

12/1/2021

93,150

2.44%

AUD-BBR

12/1/2016

12/1/2021

93,150

2.44%

AUD-BBR

12/1/2016

12/1/2021

93,150

2.44%

AUD-BBR

12/1/2016

12/1/2021

93,150

2.44%

AUD-BBR

12/1/2016

12/1/2021

55,373

2.44%

AUD-BBR

12/1/2016

12/1/2021

55,373

2.44%

AUD-BBR

12/1/2016

12/1/2021

34,155

2.44%

AUD-BBR

Foreign Exchange Forward [Member]

Derivative [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The following table summarizes the Company's outstanding British pound forward contracts (British pounds in thousands):



Effective Date	Settlement Date	Notional Amount	Exchange Rate
3/25/2015	3/31/2020	£60,000	1.51
3/25/2015	3/31/2020	£60,000	1.50
6/30/2015	3/31/2020	£2,035	1.57
9/30/2015	3/31/2020	£1,846	1.51
12/31/2015	3/31/2020	£1,873	1.48
3/31/2016	3/31/2020	£1,881	1.45
6/30/2016	3/31/2020	£1,909	1.35
9/30/2016	3/31/2020	£1,959	1.33
12/30/2016	3/31/2020	£1,989	1.28
3/31/2017	3/31/2020	£1,975	1.30
6/30/2017	3/31/2020	£2,026	1.34
10/2/2017	3/31/2020	£2,079	1.36