Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.4.0.3
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of interest rate swap derivatives fair value
Information regarding the Company's interest rate swaps measured at fair value, which are classified within Level 2 of the GAAP fair value hierarchy, is presented below (dollars in thousands):
 
Interest Rate Swaps Designated as Cash Flow Hedges
 
Non-hedge Accounting Interest Rate Swaps
 
Total
Fair value at December 31, 2014
$
(865
)
 
$
(207
)
 
$
(1,072
)
Unrealized losses included in interest expense

 
(121
)
 
(121
)
Losses on interest rate swaps reclassified into interest expense from accumulated other comprehensive loss
385

 

 
385

Unrealized losses included in accumulated other comprehensive loss
(1,166
)
 

 
(1,166
)
Fair value at March 31, 2015
$
(1,646
)
 
$
(328
)
 
$
(1,974
)
 
 
 
 
 
 
Fair value at December 31, 2015
$
(972
)
 
$

 
$
(972
)
Swap ineffectiveness
7

 

 
7

Losses on interest rate swaps reclassified into interest expense from accumulated other comprehensive loss
403

 

 
403

Unrealized losses included in accumulated other comprehensive loss
(1,895
)
 

 
(1,895
)
Fair value at March 31, 2016
$
(2,457
)
 
$

 
$
(2,457
)