Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Outstanding Interest Rate Derivatives, Designated as Cash Flow Hedges of Interest Rate Risk

The table below sets forth outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional
Interest rate swaps	6	$	150,000

Summary of Fair Value of Derivative Financial Instruments and Their Classification on the Consolidated Balance Sheet

The table below sets forth the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015:

Fair Value of Derivative Instruments
Asset Derivatives						Liability Derivatives
December 31, 2016			December 31, 2015			December 31, 2016			December 31, 2015
Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Other assets	$	3,052	N/A	$	-	Other liabilities	$	735	N/A	$	-

Summary of Effectiveness of Derivative Financial Instruments on the Consolidated Statement of Operations

The table below sets forth the effectiveness of the Company’s derivative financial instruments on the Consolidated Statement of Operations for the twelve months ended December 31, 2016:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)				Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)				Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	2016		2015			2016		2015			2016		2015
Interest rate products	$	2,317	$	-	Interest expense	$	112	$	-	N/A	$	-	$	-