Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.3.1.900
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of interest rate swap derivatives fair value
Information regarding our 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, 2013
$

 
$
70

 
$
70

Unrealized losses included in interest expense

 
(277
)
 
(277
)
Losses on interest rate swaps reclassified into interest expense from accumulated other comprehensive loss
1,077

 

 
1,077

Unrealized losses included in accumulated other comprehensive loss
(1,942
)
 

 
(1,942
)
Fair value at December 31, 2014
$
(865
)
 
$
(207
)
 
$
(1,072
)
Unrealized losses included in interest expense

 
(63
)
 
(63
)
Designation of interest rate swap as a cash flow hedge
(270
)
 
270

 

Cash flow hedge ineffectiveness
15

 

 
15

Losses on interest rate swaps reclassified into interest expense from accumulated other comprehensive loss
1,699

 

 
1,699

Unrealized losses included in accumulated other comprehensive loss
(1,551
)
 

 
(1,551
)
Fair value at December 31, 2015
$
(972
)
 
$

 
$
(972
)