DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2018

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule fair value of the Company's derivative financial instruments as well as 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, 2018 and December 31, 2017 (in thousands):

		Asset Derivatives					Liability Derivatives
Derivatives designated	Balance	Fair value as of:					Fair value as of:
as hedging	Sheet	September 30,		December 31,		Balance Sheet	September 30,		December 31,
instruments	Location	2018		2017		Location	2018		2017
Interest rate products	Other long-term assets	$	1,184	$	196	Other long-term liabilities	$	—	$	—

Schedule of effect of cash flow hedge accounting on other comprehensive income (loss) (OCI)

The tables below presents the effect of cash flow hedge accounting on other comprehensive income (loss) (OCI) for the quarter and nine months ended September 30, 2018 and 2017 (in thousands):

		Amount of gain (loss) recognized			Amount of gain (loss) recognized
		in OCI on derivative			in OCI on derivative
Derivatives in cash flow	Three months ended September 30,				Nine months ended September 30,
hedging relationships	2018		2017		2018		2017
Interest rate products	$	121	$	(34)	$	936	$	(417)

Location of (gain)	Amount of (gain) loss reclassified				Amount of (gain) loss reclassified
loss reclassified	from accumulated OCI into income				from accumulated OCI into income
from accumulated	Three months ended September 30,				Nine months ended September 30,
OCI into income	2018		2017		2018		2017
Interest expense	$	16	$	79	$	52	$	239

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

		Total amounts of income and expense				Total amounts of income and expense
		line items presented that reflect the				line items presented that reflect the
Derivatives designated	Balance	effects of cash flow hedges recorded				effects of cash flow hedges recorded
as hedging	Sheet	Three months ended September 30,				Nine months ended September 30,
instruments	Location	2018		2017		2018		2017
Interest rate products	Other assets	$	623	$	633	$	1,839	$	1,797

Schedule of fair value provides the location that derivative assets and liabilities

Gross amounts

Net amounts of

Gross

offset in the

assets presented

Gross amounts not offset in the condensed

amounts of

condensed

in the condensed

consolidated balance sheets

As of

recognized

consolidated

consolidated

Financial

Cash collateral

September 30, 2018

assets

balance sheets

balance sheets

instruments

received

Net amount

Derivatives

$

1,184

$

—

$

1,184

$

—

$

—

$

1,184

Gross amounts

Net amounts of

Gross

offset in the

assets presented

Gross amounts not offset in the condensed

As of

amounts of

condensed

in the condensed

consolidated balance sheets

December 31,

recognized

consolidated

consolidated

Financial

Cash collateral

2017

assets

balance sheets

balance sheets

instruments

received

Net amount

Derivatives

$

196

$

—

$

196

$

—

$

—

$

196