XML 58 R43.htm IDEA: XBRL DOCUMENT v3.3.1.900
Financial Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2015
Financial Derivative Instruments [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions

Interest Rate Cap Agreements as of December 31, 2015

      3-month              
  Notional Expiration LIBOR     Premium   Unamortized    
  Amount Date Strike Rate     Paid   Premium   Fair Value
$ 25,000 06/02/21 3.00 % $ 922 $ 920 $ 291
$ 20,000 06/04/24 3.00 % $ 1,470 $ 1,470 $ 637
$ 20,000 10/21/21 3.00 % $ 632 $ 632 $ 269
$ 25,000 10/21/24 3.00 % $ 1,542 $ 1,542 $ 872
 
    Interest Rate Cap Agreements as of December 31, 2014    
 
      3-month              
  Notional Expiration LIBOR     Premium   Unamortized    
  Amount Date Strike Rate     Paid   Premium   Fair Value
$ 25,000 06/02/21 3.00 % $ 922 $ 922 $ 631
$ 20,000 06/04/24 3.00 % $ 1,470 $ 1,470 $ 978
$ 20,000 10/21/21 3.00 % $ 632 $ 632 $ 543
$ 25,000 10/21/24 3.00 % $ 1,542 $ 1,542 $ 1,303
Schedule of Interest Rate Derivatives
    December 31, 2015  
    Gross     Net of Tax  
Unrealized losses on interest rate caps $ (2,495 ) $ (1,621 )
Unamortized premium on interest rate caps   4,564     2,966  
Total $ 2,069   $ 1,345
 
    December 31, 2014  
    Gross     Net of Tax  
Unrealized losses on interest rate caps $ (1,111 ) $ ( 722 )
Unamortized premium on interest rate caps   4,566     2,968  
Total $ 3,455   $ 2,246