DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2018

DERIVATIVE FINANCIAL INSTRUMENTS

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

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2018, and 2017 (in thousands):

		Asset Derivatives					Liability Derivatives
		Fair value as of:					Fair value as of:
Derivatives designated as	Balance Sheet	December 31,				Balance Sheet	December 31,
hedging instruments	Location	2018		2017		Location	2018		2017
Interest rate products	Other long-term assets	$	566	$	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 years ended December 31, 2018, 2017 and 2016 (in thousands):

	Amount of gain (loss) recognized in OCI
Derivatives in cash flow hedging	on derivate
relationships	Year ended December 31,
	2018		2017
Interest rate products	$	244	$	(87)

Location of (gain) loss reclassified
from accumulated OCI into	Amount of gain (loss) reclassified from accumulated OCI into income
income	Year ended December 31,
	2018		2017		2016
Interest expense	$	(6)	$	313	$	108

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

The tables below presents the effect of the Company’s derivative financial instruments on the consolidated statements of income and comprehensive income for the years ended December 31, 2018, 2017 and 2016 (in thousands):

		Total amounts of income and expense line items presented
		that reflect the effects of cash flow hedges recorded
Derivatives designated as		Year ended December 31,
hedging instruments	Balance Sheet Location	2018		2017		2017
Interest rate products	Other long-term assets	$	2,701	$	2,474	$	6,449

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

The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the consolidated balance sheets (in thousands).

Gross amounts

Net amounts of assets

Gross amounts not offset in the consolidated

As of

Gross amounts

offset in the

presented in the

balance sheets

December 31,

of recognized

consolidated

consolidated balance

Financial

Cash collateral

2018

assets

balance sheets

sheets

instruments

received

Net amount

Derivatives

$

566

$

—

$

566

$

—

$

—

$

566

Gross amounts

Net amounts of assets

Gross amounts not offset in the consolidated

As of

Gross amounts

offset in the

presented in the

balance sheets

December 31,

of recognized

consolidated

consolidated balance

Financial

Cash collateral

2017

assets

balance sheets

sheets

instruments

received

Net amount

Derivatives

$

196

$

—

$

196

$

—

$

—

$

196