Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities

v3.4.0.3
Derivative Instruments and Hedging Activities
 3 Months Ended
Mar. 31, 2016
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, 2016
 
December 31, 2015
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
Other liabilities
 
$
7,411

 
Other liabilities
 
$
4,681


The following table presents information about the effects of the Company’s derivative instruments on the consolidated statements of income (loss) 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,
 
 
 
2016
 
2015
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
Interest rate swap contracts
Other expenses, net
 
$
(70
)
 
$
(83
)
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, 2016
Derivatives Designated as Hedging Instruments:
 
     Accumulated loss in AOCI at the beginning of the period
$
(2,548
)
            Unrealized loss recognized in AOCI
(1,595
)
            Loss reclassified from AOCI to other expenses, net
(282
)
            Net loss reclassified from AOCI to other expenses, net
(1,877
)
     Accumulated loss in AOCI at the end of the period
$
(4,425
)