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Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value of Our Derivatives and Consolidated Balance Sheet Location

The following table presents, in thousands, the fair value of the Company’s derivatives and consolidated balance sheet location.

 

    

Liability Derivatives

 
    

2012

    

2011

 
    

Balance Sheet Location

   Fair Value     

Balance Sheet Location

   Fair Value  

Derivatives designated as hedging instruments:

        

Interest rate swaps

   Accrued expenses    $ 2,346       Accrued expenses    $ 5,194   

Interest rate swaps

   Other long-term liabilities      —         Other long-term liabilities      1,911   
     

 

 

       

 

 

 
      $ 2,346          $ 7,105   
     

 

 

       

 

 

 
Impact of Interest Rate Swaps on Consolidated Statement of Operations

The following presents, in thousands, the impact of interest rate swaps on the consolidated statements of operations for 2012, 2011 and 2010, respectively.

 

Derivatives designated as hedging instruments

  Amount of gain (loss) recognized
in OCI for the years ended
December 31,
    Amount of gain (loss)
recognized in earnings
on hedges (ineffective portion)
for the years ended December 31,
 
        2012             2011             2010             2012             2011             2010      

Interest rate swaps

  $  2,950      $ 7,260      $ (4,602   $ —        $ 202      $ 179   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Location of (gain) loss reclassified from OCI into net
income

        Amount of gain
(loss) reclassified
from OCI into earnings
for the years ended December 31,
 
                          2012             2011             2010      

Interest expense

        $ (6,910   $ (5,188   $ —