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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following table presents financial liabilities measured and recorded at fair value on the Company’s Consolidated Balance Sheets on a recurring basis and their level within the fair value hierarchy as of September 30, 2014 and December 31, 2013:
 
 
 
(Level 2)
 
Balance Sheet
Location
 
September 30,
2014 Fair Value
 
December 31,
2013 Fair Value
Derivatives not designated as hedging instruments Interest rate risk activities
Interest rate swaps
 
$
50,000

 
$
103,000

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The effect of derivative instruments on the Consolidated Statements of Income was as follows:
Derivatives Not Designated as Hedging Instruments
 
Location of (Gain) Loss
Recognized
in Income on Derivative
 
Amount of Realized/Unrealized (Gain) Loss Recognized in Income on Derivatives
Three months ended
 
 
 
September 30,
2014
 
September 30,
2013
Interest rate swaps
 
Interest expense
 
$
(12,000
)
 
$
(14,000
)
Nine Months Ended
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
(37,000
)
 
$
(57,000
)