Annual report pursuant to Section 13 and 15(d)

Derivative Instruments and Hedging Activities

v3.8.0.1
Derivative Instruments and Hedging Activities
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
At December 31, 2017 and 2016, the following table presents information about the fair value amounts of the Company’s derivative instruments: 
 
Derivatives as of December 31,
 
2017
 
2016
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives Designated as Hedging Instruments:
 
 
 

 
 
 
 

Interest rate swap contracts
Other assets
 
$
233

 
Other assets
 
$

Interest rate swap contracts
Other liabilities
 
$
3,529

 
Other liabilities
 
$
3,843


All of the Company’s derivatives were designated as hedging instruments for the years ended December 31, 2017 and 2016. All but one derivative were designated as hedging instruments prior to March 2013 and all were designated as hedging instruments for the remainder of the year ended December 31, 2013.
The following tables present information about the effects of the Company’s derivative instruments on the consolidated statements of income (loss) and consolidated statements of comprehensive income (loss):
 
Location of Gain Recognized in Net Income (Loss)
 
Amount of Gain Recognized in Net Income (Loss) for the Year Ended December 31,
 
 
 
2017
 
2016
 
2015
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
Other expenses, net
 
$
(271
)
 
$
(279
)
 
$
(368
)

 
Year Ended
 
December 31, 2017
Derivatives Designated as Hedging Instruments:
 
     Accumulated loss in AOCI at the beginning of the period
$
(2,042
)
            Unrealized gain recognized in AOCI
1,095

            Loss reclassified from AOCI to other expenses, net
(798
)
     Accumulated loss in AOCI at the end of the period
$
(1,745
)