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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Derivative Financial Instruments [Abstract]  
Notional Amounts, Weighted-Average Fixed Rates, And Terms Associated With The Company's Interest Rate Swaps

 

 

 

 

 

 

 

 

 

 

 

 

 

Notional Amounts 

 

Notional Amounts 

 

Notional Amounts 

 

Weighted Average 

 

 

U.S. 

 

U.K. 

 

Consolidated (1) 

 

Fixed Rate 

 

Term 

(in thousands) 

 

 

 

 

$ 

1,000,000 

 

£ 

25,000

 

$ 

1,037,973 

 

2.69 

% 

 

April 1, 2013 – December 31, 2013 

$ 

1,250,000 

 

£ 

—

 

$ 

1,250,000 

 

2.98 

% 

 

January 1, 2014 – December 31, 2014 

$ 

1,300,000 

 

£ 

—

 

$ 

1,300,000 

 

2.84 

% 

 

January 1, 2015 – December 31, 2015 

$ 

1,300,000 

 

£ 

—

 

$ 

1,300,000 

 

2.74 

% 

 

January 1, 2016 – December 31, 2016 

$ 

1,000,000 

 

£ 

—

 

$ 

1,000,000 

 

2.53 

% 

 

January 1, 2017 – December 31, 2017

$ 

750,000 

 

£ 

—

 

$ 

750,000 

 

2.54 

% 

 

January 1, 2018 – December 31, 2018

___________

 

 

 

 

 

 

 

 

 

 

 

(1) U.K. pound sterling amounts have been converted into U.S. dollars at approximately $1.52 to  £1.00, which was the exchange rate in effect as of March 31, 2013.

 

Schedule Of Derivatives, Location In Consolidated Balance Sheets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013

 

December 31, 2012

 

Balance Sheet Location

 

Fair Value

 

Balance Sheet Location

 

Fair Value

Liability Derivative Instruments: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

 

Interest rate swap contracts 

Current portion of other long-term liabilities

 

$ 

23,591 

 

Current portion of other long-term liabilities

 

$ 

23,117 

Interest rate swap contracts 

Other long-term liabilities

 

 

75,347 

 

Other long-term liabilities

 

 

84,973 

Total Derivatives

 

 

$ 

98,938 

 

 

 

$ 

108,090 

 

Effects Of The Derivative Contracts On Consolidated Statements Of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

Derivatives in Cash Flow Hedging Relationship

 

Amount of Loss Recognized in OCI on Derivative Instruments

(Effective Portion)

 

Location of Loss Reclassed from Accumulated OCI Into Income

(Effective Portion) 

 

Amount of Loss Reclassified from Accumulated OCI into Income

(Effective Portion) 

 

 

2013

 

2012

 

 

 

2013

 

2012

 

 

(in thousands) 

 

 

 

(in thousands)

Interest rate swap contracts 

 

$ 

(627)

 

$ 

(12,721)

 

Cost of ATM operating revenues 

 

$ 

(6,330)

 

$ 

(6,394)