Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities

v3.7.0.1
Derivative Instruments and Hedging Activities
 3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Information about the fair value amounts of the Company’s derivative instruments is as follows:
 
Derivatives as of
 
March 31, 2017
 
December 31, 2016
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
Other assets
 
$
30

 
Other assets
 
$
—

Interest rate swap contracts
Other liabilities
 
$
3,501

 
Other liabilities
 
$
3,843


The following table presents information about the effects of the Company’s derivative instruments on the consolidated statements of (loss) income and consolidated statements of comprehensive loss:
 
Location of Gain Recognized in Net Income
 
Amount of Gain Recognized in Net Income
 
 
 
Three Months Ended March 31,
 
 
 
2017
 
2016
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
Interest rate swap contracts
Other expenses, net
 
$
(123
)
 
$
(70
)
The following table summarizes the pre-tax amount of unrealized gain or loss recognized in accumulated other comprehensive loss, net (“AOCI”) in the Company’s consolidated balance sheets:    
 
Three Months Ended
 
March 31, 2017
Derivatives Designated as Hedging Instruments:
 
     Accumulated loss in AOCI at the beginning of the period
$
(2,042
)
            Unrealized gain recognized in AOCI
438

            Loss reclassified from AOCI to other expenses, net
(250
)
     Accumulated loss in AOCI at the end of the period
$
(1,854
)