Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments (Tables)

v3.7.0.1
Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets at Fair Value
The fair values of the interest rate swaps as of June 30, 2017 and December 31, 2016, are as follows (in thousands):
 
 
 
 
Fair Value
 
 
 
 
Asset Derivatives
Derivative Instrument
Aggregate Notional Amount
Effective Date
Maturity Date
June 30, 2017
 
December 31, 2016
Interest rate swaps
$
150,000

October 15, 2015
March 15, 2021
$
578

 
$
417

Interest rate swaps
150,000

March 31, 2017
July 21, 2023
6,279

 
7,194

 
$
300,000

 
 
$
6,857

 
$
7,611

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The interest rate swaps have been effective since inception. The net gains or losses on the effective swaps are recognized in other comprehensive income (loss), as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Unrealized loss on interest rate hedges
$
(1,489
)
 
$
(1,384
)
 
$
(754
)
 
$
(5,059
)