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INTEREST RATE SWAP AGREEMENTS (Tables)
 9 Months Ended
Sep. 30, 2014
INTEREST RATE SWAP AGREEMENTS  
Schedule of interest rate swaps designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

December 31,
2013

 

Interest Rate Swap Detail

 

Notional

 

Trade

 

Fixed

 

Start Date

 

End date

 

Amount

 

Date

 

Rate

 

of Swap

 

of Swap

 

Outstanding

 

9/6/05

 
4.485 

%

9/14/05

 

7/29/15

 

$
106,233 

 

3/29/06

 
5.25 

%

1/2/07

 

1/1/14

 
50,000 

 

1/9/09

 
2.05 

%

1/22/09

 

1/22/14

 
100,000 

 

2/11/09

 
2.45 

%

2/23/09

 

2/23/14

 
50,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
306,233 

 

 

Schedule of derivative asset and liability balances

 

 

 

 

Liability Derivatives

 

 

 

Balance

 

Fair Value

 

Balance

 

Fair Value

 

 

 

Sheet
Location

 

December
31, 2013

 

Sheet
Location

 

December 31,
2013

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

Fair value of derivative instruments (Current Assets)

 

$

—

 

Fair value of derivative instruments (Current Liabilities)

 

$
6,975 

 

Interest rate contracts

 

Fair value of derivative instruments (Noncurrent Assets)

 

—

 

Fair value of derivative instruments (Noncurrent Liabilities)

 

—

 

 

 

 

 

 

 

 

 

 

 

Total derivatives designated as hedging instruments 

 

 

 

—

 

 

 
6,975 

 

 

 

 

 

 

 

 

 

 

 

Total Derivatives 

 

 

 

$

—

 

 

 

$
6,975 

 

 

Schedule of the impact of derivative instruments and their location within the Condensed Consolidated Statement of Operations

 

 

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Period from July 1 to July 9, 2014

 

Derivatives in Cash
Flow Hedging

 

Amount of
Gain (Loss)
Recognized
in AOCI on
Derivative
(Effective
Portion)

 

Location of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective

 

Amount of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Portion)

 

Location of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective

 

Amount of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion)

 

Relationships

 

2014

 

Portion)

 

2014

 

Portion)

 

2014

 

Interest rate contracts

 

$

—

 

Interest Expense

 

$
(95

)

Other Income (Expense)

 

$

—

 

 

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Three-Month Period Ended September 30, 2013

 

Derivatives in Cash
Flow Hedging

 

Amount of
Gain (Loss)
Recognized
in AOCI on
Derivative
(Effective
Portion)

 

Location of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective

 

Amount of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Portion)

 

Location of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective

 

Amount of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion)

 

Relationships

 

2013

 

Portion)

 

2013

 

Portion)

 

2013

 

Interest rate contracts

 

$
(439

)

Interest Expense

 

$
(2,515

)

Other Income (Expense)

 

$
2

 

 

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Period from July 1 to July 9, 2014 and for the Three-Month Period Ended September 30, 2013

 

 

 

 

 

Amount of
Gain (Loss) Recognized in Income on
Derivative

 

Derivatives not designated
as Hedging Instruments

 

Location of
Gain (Loss)
Recognized in Income
on Derivative

 

For the Period
from July 1 to July
9,
2014

 

Three Months
Ended
September 30,
2013

 

Interest rate contracts

 

Interest Expense

 

$

—

 

$

—

 

 

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Period from January 1 to July 9, 2014

 

Derivatives in Cash
Flow Hedging

 

Amount of
Gain (Loss)
Recognized
in AOCI on
Derivative
(Effective
Portion)

 

Location of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective

 

Amount of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Portion)

 

Location of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective

 

Amount of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion)

 

Relationships

 

2014

 

Portion)

 

2014

 

Portion)

 

2014

 

Interest rate contracts

 

$
(179

)

Interest Expense

 

$
(2,580

)

Other Income (Expense)

 

$

—

 

 

 

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Nine-Month Period Ended September 30, 2013

 

Derivatives in Cash
Flow Hedging

 

Amount of
Gain (Loss)
Recognized
in AOCI on
Derivative
(Effective
Portion)

 

Location of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective

 

Amount of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Portion)

 

Location of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective

 

Amount of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion)

 

Relationships

 

2013

 

Portion)

 

2013

 

Portion)

 

2013

 

Interest rate contracts

 

$
(668

)

Interest Expense

 

$
(7,431

)

Other Income (Expense)

 

$
(3

)

 

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations

For the Period from January 1 to July 9, 2014 and for the Nine-Month Period Ended September 30, 2013

 

 

 

 

 

Amount of
Gain (Loss) Recognized in Income on
Derivative

 

Derivatives not designated
as Hedging Instruments

 

Location of
Gain (Loss)
Recognized in Income
on Derivative

 

For the Period
from January 1 to
July 9,
2014

 

Nine Months
Ended
September 30,
2013

 

Interest rate contracts

 

Interest Expense

 

$
(225

)

$

—