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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2013
Derivative Instruments  
Schedule of fair value of derivatives by contract type

 

 

 

 

Derivatives

 

 

 

 

 

Fair Value

 

Derivatives Designated as
Hedging Instruments 

 

Balance Sheet Location

 

June 30,
2013

 

December 31,
2012

 

 

 

 

 

(in thousands)

 

Interest rate contracts

 

Liabilities under derivative instruments

 

$

781

 

$

1,690

 

Schedule of income effects of cash flow hedging relationships

 

 

 

 

 

 

Amount of Loss Recognized
on Derivatives in the
Statements of Income

 

 

 

 

 

Three Months Ended

 

Derivatives in Cash Flow

 

Location of Loss Recognized on Derivatives in

 

June 30,

 

Hedging Relationships

 

the Statements of Income

 

2013

 

2012

 

 

 

 

 

(in thousands)

 

Interest rate contracts

 

Interest expense

 

$

393

 

$

1,768

 

Total

 

 

 

$

393

 

$

1,768

 

 

 

 

 

 

Amount of Loss Recognized
on Derivatives in the
Statements of Income

 

 

 

 

 

Six Months Ended

 

Derivatives in Cash Flow

 

Location of Loss Recognized on Derivatives in

 

June 30,

 

Hedging Relationships

 

the Statements of Income

 

2013

 

2012

 

 

 

 

 

(in thousands)

 

Interest rate contracts

 

Interest expense

 

$

759

 

$

4,215

 

Total

 

 

 

$

759

 

$

4,215

 

Schedule of information about financial statement effects related to cash flow hedges

 

 

 

 

Amount of Gain Recognized in OCI on
Derivatives

(Effective Portion)

 

Location of Loss Reclassified

 

Amount of Loss Reclassified
from Accumulated OCI into
Income
(Effective Portion)

 

Derivatives in Cash Flow

 

Three Months Ended
June 30,

 

from Accumulated OCI into
Income

 

Three Months Ended
June 30,

 

Hedging Relationships

 

2013

 

2012

 

(Effective Portion)

 

2013

 

2012

 

 

 

(in thousands)

 

 

 

(in thousands)

 

Interest rate contracts*

 

$

438

 

$

1,071

 

Interest expense

 

$

(393

)

$

(1,768

)

Total

 

$

438

 

$

1,071

 

Total

 

$

(393

)

$

(1,768

)

 

 

 

Amount of Gain Recognized in OCI on
Derivatives

(Effective Portion)

 

Location of Loss Reclassified

 

Amount of Loss Reclassified
from Accumulated OCI into
Income
(Effective Portion)

 

Derivatives in Cash Flow

 

Six Months Ended
June 30,

 

from Accumulated OCI into
Income

 

Six Months Ended
June 30,

 

Hedging Relationships

 

2013

 

2012

 

(Effective Portion)

 

2013

 

2012

 

 

 

(in thousands)

 

 

 

(in thousands)

 

Interest rate contracts**

 

$

910

 

$

1,274

 

Interest expense

 

$

(759

)

$

(4,215

)

Total

 

$

910

 

$

1,274

 

Total

 

$

(759

)

$

(4,215

)

 

 

*      These amounts are shown net of $0.5 million and $1.8 million of other comprehensive income reclassified to the income statement during the three months ended June 30, 2013 and 2012, respectively.

 

* *     These amounts are shown net of $1.0 million and $4.3 million of other comprehensive income reclassified to the income statement during the six months ended June 30, 2013 and 2012, respectively.