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Derivative Instruments (Tables)
3 Months Ended
Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
As of March 31, 2016 and December 31, 2015, the fair value carrying amount of the Company's derivative instruments are recorded as follows:
 
 
 
 
Asset / (Liability) Derivatives
 
 
Balance Sheet Caption
 
March 31,
2016
 
December 31,
2015
 
 
 
 
(dollars in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
Interest rate swaps
 
Other assets
 
$
50

 
$
430

Interest rate swaps
 
Accrued liabilities
 
(800
)
 
(150
)
Interest rate swaps
 
Other long-term liabilities
 
(6,930
)
 
(3,180
)
Total derivatives designated as hedging instruments
 
 
 
$
(7,680
)
 
$
(2,900
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following table summarizes the loss recognized in accumulated other comprehensive income or loss ("AOCI") and the amounts reclassified from AOCI into earnings as of March 31, 2016 and December 31, 2015, and for the three months ended March 31, 2016 and 2015:
 
Amount of Loss Recognized
in AOCI on Derivative
(Effective Portion, net of tax)
 
 
 
Amount of Loss Reclassified
from AOCI into Earnings
 
 
 
 
Three months ended
March 31,
 
As of
March 31,
2016
 
As of December 31, 2015
 
Location of Loss Reclassified from AOCI into Earnings (Effective Portion)
 
2016
 
2015
 
(dollars in thousands)
 
 
 
(dollars in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
(4,750
)
 
$
(1,790
)
 
Interest expense
 
$
(110
)
 
$

 
 
 
 
 
Income from discontinued operations
 
$

 
$
(220
)

Fair Value Measurements, Recurring and Nonrecurring
Fair value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 are shown below.  
 
Description
 
Frequency
 
Asset / (Liability)
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
 
 
 
 
(dollars in thousands)
March 31, 2016
Interest rate swaps
 
Recurring
 
$
(7,680
)
 
$

 
$
(7,680
)
 
$

December 31, 2015
Interest rate swaps
 
Recurring
 
$
(2,900
)
 
$

 
$
(2,900
)
 
$