XML 48 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Key Terms of Interest Rate Swap Contract
The following table sets forth the key terms of our 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)
 
 
 
 
 
 
 
 
3
 
$
170,000

 
1.562% - 1.565%
 
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.
Changes in the Balance of Each Component of AOCI Related to Interest Rate Swaps
The changes in the balance of each component of AOCI related to our interest rate swaps designated as cash flow hedges are as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(in thousands)
Accumulated other comprehensive income (loss), at beginning of period
 
$
2,814

 
$
1,043

 
$
1,631

 
$
(509
)
Other comprehensive income (loss) before reclassifications
 
560

 
(983
)
 
1,759

 
(189
)
Amounts reclassified (to) from accumulated other comprehensive income (loss) (1)
 
(153
)
 
543

 
(169
)
 
1,301

Net current period other comprehensive income (loss)
 
407

 
(440
)
 
1,590

 
1,112

Accumulated other comprehensive income, at end of period
 
$
3,221

 
$
603

 
$
3,221

 
$
603

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