Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income [Abstract]

Schedule of derivative financial instrument as well as its classification on the consolidated balance sheet

The table below presents the fair value of the Company’s derivative financial instrument as well as its classification on the consolidated balance sheet as of March 31, 2015 and December 31, 2014 (in thousands):

	Derivatives
		Fair Value as of
	Balance Sheet Location	March 31, 2015			December 31, 2014
Derivatives designated as hedging instruments:
Interest rate swap
	Accrued liabilities and other	$	(1,257	)	$	(1,309	)
	Deferred charges and other assets, net		1,610			3,180
Total derivatives designated as hedging instruments		$	353		$	1,871

Schedule of accumulated other comprehensive income (loss)

The table below presents change in accumulated other comprehensive income by component for the three months ended March 31, 2015 (in thousands):

	Gains and (Losses) on Cash Flow Hedges			Income Tax (Expense) Benefit			Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2014	$	1,871		$	(749	)	$	1,122
Other comprehensive loss before reclassifications		(1,922	)		773			(1,149	)
Amounts reclassified from accumulated other comprehensive income (to interest expense)		404			(162	)		242
Net current period other comprehensive loss		(1,518	)		611			(907	)
Balance as of March 31, 2015	$	353		$	(138	)	$	215