Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.8.0.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
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
Fair value at December 31, 2015
$
(972
)
Designation of interest rate swap as a cash flow hedge
19

Losses on interest rate swaps reclassified into interest expense from accumulated other comprehensive loss
2,678

Unrealized losses included in accumulated other comprehensive loss
6,434

Fair value at December 31, 2016
$
8,159

Cash flow hedge ineffectiveness
12

Losses on interest rate swaps reclassified into interest expense from accumulated other comprehensive loss
2,308

Unrealized gains included in accumulated other comprehensive loss
1,935

Fair value at December 31, 2017
$
12,414