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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
As of June 30, 2017 and December 31, 2016, the fair value carrying amount of the Company's derivative instruments are recorded as follows (dollars in thousands):
 
 
 
 
Asset / (Liability) Derivatives
 
 
Balance Sheet Caption
 
June 30,
2017
 
December 31,
2016
Derivatives designated as hedging instruments
 
 
 
 
 
 
Interest rate swaps
 
Prepaid expenses and other current assets
 
$
160

 
$
160

Interest rate swaps
 
Accrued liabilities
 
(1,030
)
 
(870
)
Interest rate swaps
 
Other long-term liabilities
 
(3,240
)
 
(3,360
)
Total derivatives designated as hedging instruments
 
$
(4,110
)
 
$
(4,070
)
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") as of June 30, 2017 and December 31, 2016, and the amounts reclassified from AOCI into earnings for the three and six months ended June 30, 2017 and 2016 (dollars in thousands):
 
Amount of Loss Recognized
in AOCI on Derivative
(Effective Portion, net of tax)
 
 
 
Amount of Loss Reclassified
from AOCI into Earnings
 
 
 
 
Three months ended
June 30,
 
Six months ended
June 30,
 
As of
June 30,
2017
 
As of December 31, 2016
 
Location of Loss Reclassified from AOCI into Earnings (Effective Portion)
 
2017
 
2016
 
2017
 
2016
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
(2,540
)
 
$
(2,520
)
 
Interest expense
 
$
(90
)
 
$
(110
)
 
$
(340
)
 
$
(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 June 30, 2017 and December 31, 2016 are shown below (dollars in thousands):  
 
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)
June 30, 2017
Interest rate swaps
 
Recurring
 
$
(4,110
)
 
$

 
$
(4,110
)
 
$

December 31, 2016
Interest rate swaps
 
Recurring
 
$
(4,070
)
 
$

 
$
(4,070
)
 
$