DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2019

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of 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, 2019 and December 31, 2018 (in thousands):

		Asset Derivatives					Liabilty Derivatives
		Fair value as of:					Fair value as of:
Derivatives designated as	Balance Sheet	September 30,		December 31,		Balance Sheet	September 30,		December 31,
hedging instruments	Location	2019		2018		Location	2019		2018
Interest rate products	Other long-term assets	$	—	$	566	Other long-term liabilities	$	476	$	—

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

The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income (OCI) for the three and nine months ended September 30, 2019 and 2018 (in thousands):

		Amount of gain (loss) recognized			Amount of gain (loss) recognized
		in OCI on derivative			in OCI on derivative
Derivatives in cash flow hedging	Three months ended September 30,				Nine months ended September 30,
relationships	2019		2018		2019		2018
Interest rate products	$	(78)	$	121	$	(675)	$	936

	Amount of gain (loss) reclassified from				Amount of gain (loss) reclassified from
Location of gain (loss)	accumulated OCI into income (effective portion)				accumulated OCI into income (effective portion)
reclassified from accumulated	Three months ended September 30,				Nine months ended September 30,
OCI into income	2019		2018		2019		2018
Interest expense	$	(27)	$	16	$	(128)	$	52

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
		effects of cash flow hedges recorded				effects of cash flow hedges recorded
Derivatives designated as	Balance Sheet	Three months ended September 30,				Nine months ended September 30,
hedging instruments	Location	2019		2018		2019		2018
Interest rate products	Other long-term assets and other long-term liabilities	$	1,359	$	623	$	3,974	$	1,839

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

Gross amounts

Net amounts of assets

offset in the

presented in the

Gross amounts not offset in the condensed consolidated

Gross amounts

condensed

condensed

balance sheets

As of

of recognized

consolidated

consolidated balance

Financial

Cash collateral

September 30, 2019

liabilities

balance sheets

sheets

instruments

received

Net amount

Derivatives

$

476

$

—

$

476

$

—

$

—

$

476

Gross amounts

Net amounts of assets

offset in the

presented in the

Gross amounts not offset in the condensed consolidated

As of

Gross amounts

condensed

condensed

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