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Derivative Instruments and Hedging Activity (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (in thousands, except number of instruments):
 
 
 
Number of Instruments
 
Notional
 
 
 
December 31,
 
December 31,
 
December 31,
 
December 31,
 
Interest Rate Derivatives
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Swap
 
 
5
 
 
5
 
$
184,304
 
$
185,044
 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The table below presents the estimated fair value of the Company’s derivative financial instruments as well as their classification in the consolidated balance sheets (in thousands).
 
 
 
Asset Derivatives
 
 
 
December 31, 2017
 
December 31, 2016
 
 
 
Fair Value
 
Fair Value
 
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
 
Interest Rate Swaps
 
$
1,592
 
$
1,409
 
  
 
 
Liability Derivatives
 
 
 
December 31, 2017
 
December 31, 2016
 
 
 
Fair Value
 
Fair Value
 
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
 
Interest Rate Swaps
 
$
242
 
$
1,994
 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The table below presents the effect of the Company’s derivative financial instruments in the consolidated statements of operations and other comprehensive loss for the years ended December 31, 2017 and 2016 (in thousands).
 
Derivatives in
Cash Flow
Hedging
Relationships
 
Amount of Income/(Loss) Recognized
in OCI on Derivative (Effective Portion)
 
Location of
Income/(Loss)
Reclassifed from
Accumulated OCI
into Income
(Effective Portion)
 
Amount of Income/(Loss) Reclassified
from Accumulated OCI into Expense
(Effective Portion)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Twelve months ended December 31
 
2017
 
2016
 
 
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
1,935
 
$
2,618
 
Interest Expense
 
$
(1,495)
 
$
(2,493)
 
Offsetting Assets And Liabilities [Table Text Block]
The gross amounts of derivative assets or liabilities can be reconciled to the Tabular Disclosure of Fair Values of Derivative Instruments above, which also provides the location that derivative assets and liabilities are presented on the consolidated balance sheets (in thousands):
 
Offsetting of Derivative Assets
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the
Statement of Financial Position
 
 
 
 
 
 
Gross Amounts
of Recognized 
Assets
 
Gross Amounts
Offset in the
Statement of
Financial Position
 
Net Amounts of
Assets presented
in the statement
of Financial
Position
 
Financial
Instruments
 
Cash Collateral
Received
 
Net Amount
 
Derivatives
 
$
1,592
 
$
-
 
$
1,592
 
$
(42)
 
$
-
 
$
1,550
 
 
Offsetting of Derivative Liabilities
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the
Statement of Financial Position
 
 
 
 
 
 
Gross Amounts
of Recognized
Liabilities
 
Gross Amounts
Offset in the
Statement of
Financial Position
 
Net Amounts of
Liabilities
presented in the
statement of
Financial Position
 
Financial
Instruments
 
Cash Collateral
Received
 
Net Amount
 
Derivatives
 
$
242
 
$
-
 
$
242
 
$
(42)
 
$
-
 
$
200
 
 
Offsetting of Derivative Assets
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the
Statement of Financial Position
 
 
 
 
 
 
Gross Amounts
of Recognized
Assets
 
Gross Amounts
Offset in the
Statement of
Financial Position
 
Net Amounts of
Assets presented
in the statement
of Financial Position
 
Financial
Instruments
 
Cash Collateral
Received
 
Net Amount
 
Derivatives
 
$
1,409
 
$
-
 
$
1,409
 
$
(50)
 
$
-
 
$
1,359
 
 
Offsetting of Derivative Liabilities
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the
Statement of Financial Position
 
 
 
 
 
 
Gross Amounts
of Recognized
Liabilities
 
Gross Amounts
Offset in the
Statement of
Financial Position
 
Net Amounts of
Liabilities
presented in the
statement of
Financial Position
 
Financial
Instruments
 
Cash Collateral
Received
 
Net Amount
 
Derivatives
 
$
1,994
 
$
-
 
$
1,994
 
$
(50)
 
$
-
 
$
1,944