Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Company's Derivative Financial Instruments Classification on Unaudited Condensed Consolidated Balance Sheet

Tabular Disclosure of Fair Values of Derivative Instruments on the Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the unaudited condensed consolidated balance sheet as of September 30, 2014:

	As of September 30, 2014
	Asset Derivatives			Liabilities Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Other assets	$	—	Other liabilities	$	148
Total derivatives designated as hedging instruments		$	—		$	148

The unrealized gain on derivatives is recorded net of a tax expense of $664 and $4 for the three and nine months ended September 30, 2014, respectively, and is included within the unaudited condensed consolidated statements of comprehensive income.

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the unaudited condensed consolidated balance sheet as of December 31, 2013:

	As of December 31, 2013
	Asset Derivatives				Liabilities Derivatives
	Balance Sheet Location		Fair Value		Balance Sheet Location		Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps		Other assets	$	71		Other liabilities	$	—
Total derivatives designated as hedging instruments			$	71			$	—

Schedule of Pre-tax Effect of Derivative Financial Instruments on Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss)

Tabular Disclosure of the Effect of Derivative Instruments on the Statements of Comprehensive Income

The table below presents the pre-tax effect of the Company’s derivative financial instruments on the unaudited condensed consolidated statements of comprehensive income for the three and nine months ended September 30, 2014 and 2013:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2014		2013			2014			2013
Derivatives in Cash Flow Hedging Relationships:
Gain (loss) related to effective portion of derivatives recognized in accumulated other comprehensive income	$	1,005	$	(1,380	)	$	(1,868	)	$	3,338
Gain (loss) related to effective portion of derivatives reclassified from accumulated other comprehensive income to interest expense	$	746	$	(422	)	$	1,879		$	(1,144	)
Gain (loss) related to ineffective portion of derivatives recognized in other income (expense)	$	—	$	—		$	—		$	—

Schedule of Changes in Accumulated Other Comprehensive Income

Changes in Accumulated Other Comprehensive Income

The following table reflects the changes in accumulated other comprehensive income for the nine months ended September 30, 2014, net of tax:

	Gains (Losses) on Cash Flow Hedges
Accumulated other comprehensive income:
Balance at December 31, 2013	$	11
Other comprehensive loss before reclassifications		(1,189	)
Amounts reclassified from accumulated other comprehensive income to interest expense		1,196
Unrealized gain on derivatives, net of tax		7
Balance at September 30, 2014	$	18