XML 31 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 9 - Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Other Comprehensive Income, Noncontrolling Interest [Text Block]
9.
    
Accumulated Other Comprehensive Loss:
 
In
June 2012,
the Company entered into a forward starting fixed rate interest rate hedge commencing
July 2013
in order to eliminate the variability of cash interest payments on $
53.2
million of the outstanding LIBOR-based borrowings under the ABL Credit Facility. The hedge matured on
June 1, 2016
and the notional amount was reduced monthly by
$0.7
million. The balance as of
December 31, 2015
was
$31.4
million. The fixed rate interest rate hedge was accounted for as a cash flow hedging instrument for accounting purposes. The fair value of the interest rate hedge was included in “Accumulated other comprehensive loss” on the Consolidated Balance Sheets at
December 31, 2015.