Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v3.5.0.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the terms and fair values of our derivative financial instruments, recorded in other liabilities within the consolidated balance sheets (in thousands):
 
 
 
 
 
 
 
 
 
 
Fair Value
Effective Date
 
Maturity Date
 
Notional Amount
 
Bank Pay Rate
 
Company Fixed Pay Rate
 
June 30, 2016
 
December 31, 2015
Assets (Liabilities):
 
 
 
 
 
 
 
 
 
 
 
 
November 14, 2013
 
August 14, 2018
 
$
50,000

 
1 month LIBOR
 
1.3075
%
 
$
(782
)
 
$
(212
)
November 14, 2013
 
August 14, 2018
 
50,000

 
1 month LIBOR
 
1.2970
%
 
(771
)
 
(198
)
November 14, 2013
 
August 14, 2018
 
50,000

 
1 month LIBOR
 
1.3025
%
 
(777
)
 
(206
)
April 13, 2016
 
January 1, 2021
 
50,000

 
1 month LIBOR
 
1.0390
%
 
(572
)
 
—

April 13, 2016
 
January 1, 2021
 
50,000

 
1 month LIBOR
 
1.0395
%
 
(573
)
 
—

April 13, 2016
 
January 1, 2021
 
50,000

 
1 month LIBOR
 
1.0400
%
 
(574
)
 
—

April 13, 2016
 
January 1, 2021
 
25,000

 
1 month LIBOR
 
0.9915
%
 
(234
)
 
—

October 3, 2016
 
October 3, 2026
 
125,000

 
3 month LIBOR
 
1.4025
%
 
16

 
—

October 3, 2016
 
October 3, 2026
 
125,000

 
3 month LIBOR
 
1.4190
%
 
(178
)
 
—

Total
 
 
 
$
575,000

 
 
 
 
 
$
(4,445
)
 
$
(616
)
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Interest Rate Swaps (Effective Portion):
 

 

 
 
 
 
Change in fair value of cash flow hedges
 
$
(2,443
)
 
$
398

 
$
(3,829
)
 
$
(889
)