Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities

v3.8.0.1
Derivative Instruments and Hedging Activities
3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
At March 31, 2018 and December 31, 2017, the following table presents information about the fair value amounts of the Company’s derivative instruments is as follows:
 
Derivatives as of
 
March 31, 2018
 
December 31, 2017
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
Other assets
 
$
1,041

 
Other assets
 
$
233

Interest rate swap contracts
Other liabilities
 
$
2,440

 
Other liabilities
 
$
3,529

Derivatives not Designated as Hedging Instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
Other assets
 
$
12

 
Other assets
 
$


All but one of the Company’s derivatives were designated as hedging instruments for the three months ended March 31, 2018 and the year ended December 31, 2017.

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)
 
 
 
Three Months Ended March 31,
 
 
 
2018
 
2017
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
Interest rate swap contracts
Other expenses, net
 
$
(102
)
 
$
(123
)
Derivatives not Designated as Hedging Instruments:
 
 
 
 
 
Interest rate swap contracts
Other expenses, net
 
$
(12
)
 
$

    
 
Three Months Ended
 
March 31, 2018
Derivatives Designated as Hedging Instruments:
 
     Accumulated loss in AOCI at the beginning of the period
$
(1,745
)
            Unrealized gain recognized in AOCI
1,511

            Loss reclassified from AOCI to other expenses, net
(105
)
     Accumulated loss in AOCI at the end of the period
$
(339
)