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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Nov. 10, 2016 | Nov. 04, 2015
--- | --- | --- | --- | ---
Fair value of financial instruments |  |  |  |
Floating rate debt | $ 522,796 | $ 523,577 |  |
Secured Debt | $400 Million Credit Facility |  |  |  |
Fair value of financial instruments |  |  |  |
Floating rate debt | 399,900 | 400,000 |  |
Face amount of term loan facility | 400,000 | 400,000 | $ 400,000 |
Line of Credit Facility | $98 Million Credit Facility |  |  |  |
Fair value of financial instruments |  |  |  |
Floating rate debt | 95,271 | 95,271 |  |
Face amount of term loan facility | 98,000 | 98,000 |  | $ 98,000
Carrying Value |  |  |  |
Fair value of financial instruments |  |  |  |
Cash and cash equivalents | 138,873 | 133,400 |  |
Restricted cash | 35,022 | 35,668 |  |
Floating rate debt | 525,099 | 524,377 |  |
Fair value |  |  |  |
Fair value of financial instruments |  |  |  |
Cash and cash equivalents | 138,873 | 133,400 |  |
Restricted cash | 35,022 | 35,668 |  |
Floating rate debt | $ 525,099 | $ 524,377 |  |

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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 + Details
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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