Interest Rate Swap Agreements (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The effect of the Company’s interest rate swap agreements on the condensed consolidated balance sheets at March 31, 2017 and December 31, 2016 is shown below (in thousands):

	As of March 31, 2017
Derivatives designated as hedging instruments:	Balance Sheet Location	Fair Value
Interest rate swaps, Current	Other accrued liabilities	$	1,158
	As of December 31, 2016
Derivatives designated as hedging instruments:	Balance Sheet Location	Fair Value
Interest rate swaps, Current	Other accrued liabilities	$	1,762

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

The gross effect of the Company’s interest rate swap agreements on the condensed consolidated statements of comprehensive income/(loss) for the three months ended March 31, 2017 and 2016 is shown below (in thousands):

	Amount Recognized in Interest Expense (Pre-Tax)				Amount of Loss/(Gain) Recognized in Other Comprehensive Income/(Loss) on Derivative (Effective Portion) (Pre-Tax)
	Three Months Ended March 31, 2017		Three Months Ended March 31, 2016		Three Months Ended March 31, 2017			Three Months Ended March 31, 2016
Interest rate swaps	$	601	$	609	$	(604	)	$	(208	)