XML 32 R15.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Derivative Financial Instruments | 9 Months Ended
--- | ---
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Financial Instruments | Derivative Financial Instruments The following table summarizes the terms and fair values of our derivative financial instruments, as well as their classifications within the consolidated balance sheets (notional amounts and fair values in thousands):
|  |  |  |  |  |  |  |  |  | Fair Value
Effective Date |  | Maturity Date |  | Notional Amount |  | Bank Pay Rate |  | Company Fixed Pay Rate |  | September 30, 2018 |  | December 31, 2017
Assets (Liabilities)(1): |  |  |  |  |  |  |  |  |  |  |  |
November 14, 2013 |  | August 14, 2018 |  | $ | 150,000 |  |  | 1 month LIBOR |  | 1.30 | % |  | $ | — |  |  | $ | 326 |
April 13, 2016 |  | January 1, 2021 |  | 175,000 |  |  | 1 month LIBOR |  | 1.03 | % |  | 6,988 |  |  | 5,207 |
March 1, 2018 |  | January 31, 2021 |  | 40,000 |  |  | 1 month LIBOR |  | 2.47 | % |  | 335 |  |  | — |
August 14, 2018 |  | January 1, 2021 |  | 150,000 |  |  | 1 month LIBOR |  | 2.20 | % |  | 2,117 |  |  | (188 | )
Total |  |  |  | $ | 515,000 |  |  |  |  |  |  | $ | 9,440 |  |  | $ | 5,345 |
(1) | Asset balances are recorded in prepaids and other assets on the consolidated balance sheets and liabilities are recorded in other liabilities on the consolidated balance sheets.
The derivative financial instruments are comprised of interest rate swaps, which are designated and qualify as cash flow hedges, each with a separate counterparty. We do not use derivatives for trading or speculative purposes and currently do not have any derivatives that are not designated as hedges. The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in accumulated other comprehensive loss and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivative, if significant, is recognized directly in earnings. For the three and nine months ended September 30, 2018 and 2017, the ineffective portion was not significant. The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements (in thousands):
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Interest Rate Swaps (Effective Portion): |  |  |  |  |  |  |  |
Amount of gain recognized in OCI on derivative |  | $ | 512 |  |  | $ | 39 |  |  | $ | 4,095 |  |  | $ | 217 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration