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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2016
FAIR VALUE MEASUREMENTS  
Schedule of available-for-sale securities and derivative financial instruments measured at fair value

        The fair value of the Company's available-for-sale securities and derivative financial instruments was determined using the following inputs (amounts in thousands):

                                                                                                                                                                                    

 

 

 

 

 

 

Fair Value
Measurements on
a Recurring Basis

 

 

 

As of
December 31,

 

Carrying and
Fair Value

 

 

 

Level 1

 

Level 2

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

 
2016 

 

$

—

 

$

—

 

$

—

 

 

 

 
2015 

 

 
32 

 

 
32 

 

 

—

 

Derivative financial instruments:

 

 


 

 

 


 

 

 


 

 

 


 

 

Interest rate swaps

 

 
2016 

 

$
1,257 

 

$

—

 

$
1,257 

 

 

 

 
2015 

 

 

—

 

 

—

 

 

—

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

 
2016 

 

$
2,695 

 

$

—

 

$
2,695 

 

 

 

 
2015 

 

 
4,299 

 

 

—

 

 
4,299 

 

 

Schedule of effect of derivative financial instruments on statements of income

        The following table presents the effect of the Company's derivative financial instruments on the consolidated statements of income for the periods presented (amounts in thousands):

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

 

    

2016

    

2015

    

2014

 

One Liberty Properties Inc. and Consolidated Subsidiaries

 

 

 

 

 

 

 

 

 

 

Amount of gain (loss) recognized on derivatives in Other comprehensive loss

 

$
255

 

$
(3,722

)

$
(4,453

)

Amount of loss reclassification from Accumulated other comprehensive loss into Interest expense

 

 
(2,624

)

 
(2,554

)

 
(1,810

)

Unconsolidated Joint Ventures (Company's share)

 

 


 

 

 


 

 

 


 

 

Amount of loss recognized on derivatives in Other comprehensive loss          

 

$
(31

)

$
(109

)

$
(32

)

Amount of loss reclassification from Accumulated other comprehensive loss into Equity in earnings of unconsolidated joint ventures              

 

 
(95

)

 
(108

)

 
(55

)