DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2015

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of forward-starting interest rate swap contracts

Number of Interest Rate Swaps (1) (2)	Total Notional Amount		Fixed Rates	Floating Rate Index	Effective Date	Expiration Date
	(in thousands)
10	$	385,000	1.559% - 1.569%	One-Month LIBOR	11/2/2015	5/8/2020

(1) See Note 13 for our fair value disclosures.

(2) Our interest rate swaps are not subject to master netting arrangements.

Schedule of Changes in the balance of each component of AOCI related to our cash flow hedges

	Year Ended December 31,
	2015		2014		2013
	(in thousands)
Accumulated other comprehensive income (loss), at beginning of period	$	—	$	—	$	—
Other comprehensive income (loss) before reclassifications		(3,381)		—		—
Amounts reclassified from accumulated other comprehensive income (loss) (1)		862		—		—
Net current period other comprehensive income (loss)		(2,519)		—		—
Accumulated other comprehensive income (loss), at end of period	$	(2,519)	$	—	$	—

(1) The amounts from AOCI are reclassified as an increase to interest expense in the statements of operations.