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Fair Value Measurements and Derivative Instruments Reporting (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Measurements and Derivative Instruments Reporting [Abstract]  
Fair value and basis of valuation of financial liabilities



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts in thousands

 

September 30, 2016

 

December 31, 2015



 

Level 1

 

Level 2

 

Level 3

 

Level 1

 

Level 2

 

Level 3

Interest rate swaps (1)

 

$

 

$

(187)

 

$

 

$

 

$

(194)

 

$



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) See “Derivative Instruments Reporting” below for detailed information regarding the Company's interest rate swap agreements.



Fair value of derivative insturments in Statement of Earnings



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

For the three months

 

For the nine months

Derivatives not designated as

 

Income Statement

 

ended September 30,

 

ended September 30,

ASC 815 hedges

 

Classification

 

2016

 

2015

 

2016

 

2015

Interest Rate Swaps

 

Interest Expense

 

$

97 

 

$

229 

 

$

417 

 

$

518 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Derivative instruments location and fair value amounts



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts in thousands

 

 

 

As of September 30, 2016

 

As of December 31, 2015

Derivatives not designated as ASC 815 hedges

 

Balance Sheet Classification

 

Gross Recognized Liabilities

 

Gross Amounts Offset

 

Net Recognized Fair Value Liabilities

 

Gross Recognized Liabilities

 

Gross Amounts Offset

 

Net Recognized Fair Value Liabilities

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps - current

 

Accrued liabilities

 

$

(67)

 

$

 

$

(67)

 

$

(86)

 

$

 

$

(86)

Interest rate swaps - non-current

 

Taxes payable and other

 

 

(120)

 

 

 

 

(120)

 

 

(108)

 

 

 

 

(108)

Total derivative liabilities

 

 

 

$

(187)

 

$

 

$

(187)

 

$

(194)

 

$

 

$

(194)