Derivatives and Hedging (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Interest Rate Contracts Reported At Fair Value

The fair value of all our interest rate swap contracts was reported as follows (in thousands):

	Assets			Liabilities
	Balance Sheet Location	Amount		Balance Sheet Location	Amount
Designated Hedges:
June 30, 2016	Other Assets, net	$	—	Other Liabilities, net	$	8,227
December 31, 2015	Other Assets, net	2,664		Other Liabilities, net	725

Schedule Of Offsetting Derivative Liabilities

The gross presentation, the effects of offsetting for derivatives with the right to offset under master netting agreements and the net presentation of our interest rate swap contracts is as follows (in thousands):

							Gross Amounts Not Offset in Balance Sheet
	Gross Amounts Recognized		Gross Amounts Offset in Balance Sheet		Net Amounts Presented in Balance Sheet		Financial Instruments			Cash Collateral Received		Net Amount
June 30, 2016
Liabilities	$	8,227	$	—	$	8,227	$	—		$	—	$	8,227
December 31, 2015
Assets	2,664		—		2,664		(346		)	—		2,318
Liabilities	725		—		725		(346		)	—		379

Schedule Of Offsetting Derivative Assets

The gross presentation, the effects of offsetting for derivatives with the right to offset under master netting agreements and the net presentation of our interest rate swap contracts is as follows (in thousands):

							Gross Amounts Not Offset in Balance Sheet
	Gross Amounts Recognized		Gross Amounts Offset in Balance Sheet		Net Amounts Presented in Balance Sheet		Financial Instruments			Cash Collateral Received		Net Amount
June 30, 2016
Liabilities	$	8,227	$	—	$	8,227	$	—		$	—	$	8,227
December 31, 2015
Assets	2,664		—		2,664		(346		)	—		2,318
Liabilities	725		—		725		(346		)	—		379

Summary Of Cash Flow Interest Rate Contract Hedging Activity

A summary of cash flow interest rate swap contract hedging activity is as follows (in thousands):

Derivatives Hedging Relationships	Amount of (Gain) Loss  Recognized in Other Comprehensive Income on Derivative  (Effective Portion)			Location of  Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)			Location of  Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount  Excluded from Effectiveness Testing)	Amount of  Gain (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Three Months Ended June 30, 2016	$	4,140		Interest expense, net	$	(360	)	Interest expense, net	$	—
Six Months Ended June 30, 2016	8,571			Interest expense, net	(731		)	Interest expense, net	—
Three Months Ended June 30, 2015	(6,738		)	Interest expense, net	(321		)	Interest expense, net	—
Six Months Ended June 30, 2015	(5,388		)	Interest expense, net	(709		)	Interest expense, net	—

Summary Of Fair Value Interest Rate Contracts Activity

A summary of fair value interest rate swap contract hedging activity is as follows (in thousands):

	Gain (Loss)  on Contracts			Gain (Loss)  on Borrowings		Net Settlements  and Accruals on Contracts (1) (3)		Amount of Gain  (Loss) Recognized in Income (2) (3)
Three Months Ended June 30, 2016
Interest expense, net	$	(320	)	$	320	$	2,674	$	2,674
Six Months Ended June 30, 2016
Interest expense, net	(418		)	418		3,140		3,140
Three Months Ended June 30, 2015
Interest expense, net	(442		)	442		513		513
Six Months Ended June 30, 2015
Interest expense, net	(389		)	389		1,038		1,038

_______________

(1) Amounts in this caption include gain (loss) recognized in income on derivatives and net cash settlements.

(2) No ineffectiveness was recognized during the respective periods.

(3) Included in each caption for both the three and six months ended June 30, 2016 is $2.2 million received upon the termination of two interest rate swap contracts.