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Derivative Instruments | 6 Months Ended
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Jun. 30, 2016
Derivative Instruments [Abstract] |
Derivative Instruments | Note 16 – Derivative Instruments We enter into interest rate derivative instruments to hedge the interest rate risk that results from the characteristics of our floating-rate borrowings. Our use of derivative transactions is intended to reduce long-term fluctuations in cash flows caused by market movements. All derivative instruments are recorded on the balance sheet at fair value with changes in fair value through interest expense in the Consolidated Statement of Operations. As of June 30, 2016, we have not designated any of our derivatives as accounting hedges. The Company’s derivative positions measured at fair value are summarized in the following tables: ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | As of June 30, 2016
﻿(Dollars in thousands) |  | Notional |  | Other Assets |  | Other Current Liabilities
﻿Interest rate swap |  | $ | 52,413 |  | $ | -- |  | $ | 394
﻿Interest rate cap |  |  | 7,500 |  |  | 1 |  |  | --
﻿ Total |  | $ | 59,913 |  | $ | 1 |  | $ | 394
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | As of December 31, 2015
﻿(Dollars in thousands) |  | Notional |  | Other Assets |  | Other Current Liabilities
﻿Interest rate swap |  | $ | 52,413 |  | $ | - |  | $ | 156
﻿Interest rate cap |  |  | 7,500 |  |  | 1 |  |  | -
﻿ Total |  | $ | 59,913 |  | $ | 1 |  | $ | 156
﻿ The following table summarizes the unrealized gains or losses due to changes in fair value of the derivatives that are recorded in interest expense in the Consolidated Statement of Operations for the quarter and six months ended June 30, 2016 and June 30, 2015. ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quarter Ended |  | Six Months Ended
﻿(Dollars in thousands) |  | June 30, 2016 |  | June 30, 2015 |  | June 30, 2016 |  | June 30, 2015
﻿Net unrealized losses on interest rate derivatives |  | $ | 19 |  | $ | - |  | $ | 238 |  | $ | -
﻿

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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