DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2015

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair value of the Company's derivative financial instruments as well as their classification on the condensed consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of September 30, 2015 (in thousands):

		Fair Value
Derivative Instrument	Balance Sheet Location	September 30, 2015			December 31, 2014
Interest Rate Swaps	Accrued liabilities	$	(148	)	$	(2	)
	Total Liabilities	$	(148	)	$	(2	)

Schedule of effect of the Company's derivative financial instruments on the condensed consolidated statement of income and comprehensive income

The effect of the Company’s derivative financial instruments on the condensed consolidated statements of income and comprehensive income is as follows (in thousands):

	Net deferral in OCI of derivatives (effective portion)
	For the three months ended September 30,					For the nine months ended September 30,
Derivative Instrument	2015			2014		2015			2014
Interest Rate Swaps	$	(135	)	$	57	$	(295	)	$	(158	)

	Net reclassification from AOCI into income (effective portion)
Statement of earnings	For the three months ended September 30,				For the nine months ended September 30,
classification	2015		2014		2015		2014
Interest expense	$	48	$	56	$	149	$	173

	Amount recognized in income (ineffective portion and amount excluded from effectiveness testing)
Statement of earnings	For the three months ended September 30,				For the nine months ended September 30,
classification	2015		2014		2015		2014
Other (expense)	$	—	$	—	$	—	$	—