Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments (Tables)

v3.8.0.1
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The table below presents the notional and fair values of the Swap Agreements as well as their classification on the Consolidated Balance Sheets as of December 31, 2017 and 2016:
 
Balance Sheet Location
 
Notional
 
Fair Value
 
 
 
(in thousands)
Derivatives designated as cash flow hedging instruments:
 
 
 
 
 
Swap agreements as of December 31, 2017
Other assets
 
$
75,000

 
$
1,329

Swap agreements as of December 31, 2016
Other assets
 
$
75,000

 
$
1,098

Derivative Instruments, Gain (Loss)
The table below presents the amount of gains and/or losses related to the effective and ineffective portions of the Swap Agreements and their location on the Consolidated Statements of Operations for the fiscal years ended December 31, 2017 and 2016:
 
 
Effective Portion
 
Ineffective Portion
Derivatives Designated as Cash Flow Hedges
 
Gain (Loss) Recognized in OCI
 
Location of Gain (Loss) Recognized in Income
 
Gain (Loss) Recognized in Income
 
Location of Gain (Loss) Recognized in Income
 
Gain (Loss) Recognized in Income
 
 
(in thousands)
Year Ended December 31, 2017:
 
 
 
 
 
 
 
 
Swap agreements, net of tax
 
$
318

 
Interest expense and other
 
$
(77
)
 
Interest expense and other
 
$
(54
)
Year Ended December 31, 2016:
 
 
 
 
 
 
 
 
Swap agreements, net of tax
 
$
400

 
Interest expense and other
 
$
136

 
Interest expense and other
 
$
152