Derivatives Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets at Fair Value

The fair values of the interest rate swaps as of March 31, 2017 and December 31, 2016, are as follows (in thousands):

					Fair Value
					Asset Derivatives
Derivative Instrument	Aggregate Notional Amount		Effective Date	Maturity Date	March 31, 2017		December 31, 2016
Interest rate swaps	$	150,000	October 15, 2015	March 15, 2021	$	980	$	417
Interest rate swaps	150,000		March 31, 2017	July 21, 2023	7,366		7,194
	$	300,000			$	8,346	$	7,611

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The interest rate swaps have been effective since inception. The net gains or losses on the effective swaps are recognized in other comprehensive income (loss), as follows (in thousands):

	Three Months Ended March 31,
	2017		2016
Unrealized gain (loss) on interest rate hedges	$	735	$	(3,675	)