Interest Rate Derivatives (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of key terms and fair values of interest rate swap derivatives

The following table sets forth the key terms and fair values of our interest rate swap derivatives (dollars in thousands):

								Fair Value at
Notional						Effective	Expiration	December 31,
Amount			Fixed Rate		Floating Rate Index	Date	Date	2015			2014
$	100,000		0.8055	%	One-Month LIBOR	9/2/2014	9/1/2016	$	(148	)	$	(317	)
100,000			0.8100	%	One-Month LIBOR	9/2/2014	9/1/2016	(151		)	(324		)
100,000			1.6730	%	One-Month LIBOR	9/1/2015	8/1/2019	(1,217		)	239
100,000			1.7300	%	One-Month LIBOR	9/1/2015	8/1/2019	(1,429		)	35
13,941		(1)	1.3900	%	One-Month LIBOR	10/13/2015	10/1/2020	53			—
100,000			1.9013	%	One-Month LIBOR	9/1/2016	12/1/2022	(138		)	—
100,000			1.9050	%	One-Month LIBOR	9/1/2016	12/1/2022	(45		)	—
50,000			1.9079	%	One-Month LIBOR	9/1/2016	12/1/2022	(32		)	—
36,200		-1	3.8300	%	One-Month LIBOR + 2.25%	11/2/2010	11/2/2015	—			(400		)
100,000			0.8320	%	One-Month LIBOR	1/3/2012	9/1/2015	—			(407		)
100,000			0.8320	%	One-Month LIBOR	1/3/2012	9/1/2015	—			(407		)
								$	(3,107	)	$	(1,581	)

(1) The notional amount of this instrument is scheduled to amortize to $12.1 million.

Schedule of fair value and balance sheet classification of interest rate derivatives

The table below sets forth the fair value of our interest rate derivatives as well as their classification on our consolidated balance sheets (in thousands):

		Fair Value at
		December 31,
Derivatives	Balance Sheet Location	2015			2014
Interest rate swaps designated as cash flow hedges	Prepaid expenses and other assets	$	53		$	274
Interest rate swaps designated as cash flow hedges	Interest rate derivatives	(3,160		)	(1,855		)

Schedule of effect of interest rate derivatives on consolidated statements of operations and comprehensive income

The table below presents the effect of our interest rate derivatives on our consolidated statements of operations and comprehensive income (in thousands):

	For the Years Ended December 31,
	2015			2014			2013
Amount of (losses) gains recognized in accumulated other comprehensive income (loss) (“AOCI”) (effective portion)	$	(4,739	)	$	(7,799	)	$	6,791
Amount of losses reclassified from AOCI into interest expense (effective portion)	3,599			2,990			2,740
Amount of loss recognized in interest expense (ineffective portion)	386			—			—
Amount of loss reclassified from AOCI into loss on early extinguishment of debt	—			38			—