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Financial Instruments: Derivatives and Hedging (Tables)
6 Months Ended
Jun. 30, 2011
Financial Instruments: Derivatives and Hedging  
Schedule of fair value information for the interest rate swap

 

(dollars in thousands)

 

Notional
Value

 

Strike Rate

 

Effective
Date

 

Expiration
Date

 

Fair Value

 

Interest Rate Swap

 

$

75,000

 

5.840%

 

10/2008

 

10/2011

 

$

(1,077)

 

 

Schedule of interest amortization for the terminated interest rate swap reclassified from Accumulated Other Comprehensive Income into interest expense

 

 

 

 

Three Months

 

Six Months

 

 

 

Ended

 

Ended

 

(in thousands)

 

June 30,

 

June 30,

 

Income Statement Location

 

2011

 

2011

 

 

 

 

 

 

 

Interest expense

 

$

381

 

$

536

 

 

 

Schedule of effective portion of the loss on outstanding derivative recognized in Other Comprehensive Income

 

 

 

 

Three Months

 

Six Months

 

 

 

Ended

 

Ended

 

(in thousands)

 

June 30,

 

June 30,

 

Income Statement Location

 

2011

 

2011

 

 

 

 

 

 

 

Interest rate swap

 

$

381

 

$

536