2.2.0.25falsefalse10901 - Disclosure - Derivatives and Other Financial Instrumentstruefalsefalse1falsefalsefalsefalse1/1/2011 - 3/31/2011 Duration_1_1_2011_To_3_31_2011http://www.sec.gov/CIK0001289236duration2011-01-01T00:00:002011-03-31T00:00:002true0bmr_DerivativesAndOtherFinancialInstrumentsAbstractbmrfalsenadurationDerivatives and Other Financial Instruments [Abstract]falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringDerivatives and Other Financial Instruments [Abstract]falsefalseDerivatives and Other Financial Instruments3false0us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">9. Derivatives and Other Financial Instruments</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">As of </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Company had two interest rate swaps with an aggregate notional amount of $150.0 million under which at each monthly settlement date the Company either (1) receives the difference between a fixed interest rate (the "Strike Rate") and one-month LIBOR if the Strike Rate is less than LIBOR or (2) pays such difference if the Strike Rate is greater than LIBOR. The interest rate swaps hedge the Company's exposure to the variability on expected cash flows attributable to changes in interest rates on the first interest payments, due on the date that is on or closest after each swap's settlement date, associated with the amount of LIBOR-based debt equal to each swap's notional amount. These interest rate swaps, with a notional amount of $150.0 million (interest rate of 5.8%, including the applicable credit spread), are currently intended to hedge interest payments associated with the Company's unsecured line of credit. No initial investment was made to enter into the interest rate swap agreements.</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">As of </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Company had deferred interest costs of approximately </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$54.4 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> in accumulated other comprehensive loss related to forward starting swaps, which were settled with the corresponding counterparties in March and April 2009 for approximately $86.5 million. The forward starting swaps were entered into to mitigate the Company's exposure to </font><font style="font-family: inherit; font-size: 10pt;" class="_mt">the variability in expected future cash flows attributable to changes in future interest rates associated with a forecasted issuance of fixed-rate debt, with interest payments for a minimum of ten years. In June 2009 the Company closed on $368.0 million in fixed-rate mortgage loans secured by its 9865 Towne Centre Drive and Center for Life Science | Boston properties (see Note 5). The deferred interest costs will be amortized as additional interest expense over a remaining period of approximately eight years.</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The following is a summary of the terms of the interest rate swaps and the forward starting swaps and their fair-values, which are included in derivative instruments on the accompanying consolidated balance sheets (in thousands):</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: center; line-height: 120%; font-size: 10pt;"> <div style="line-height: normal; text-indent: 0px; padding-left: 0px; padding-top: 10px;"> <table style="text-align: left; width: 100%; border-collapse: collapse; font-family: Times New Roman; margin-left: auto; font-size: 10pt; margin-right: auto;" cellspacing="0" cellpadding="0"> <tr><td colspan="19"> </td></tr> <tr><td width="25%"> </td> <td width="1%"> </td> <td width="9%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="9%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="15%"> </td> <td width="1%"> </td> <td width="13%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="9%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" rowspan="2" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Notional Amount</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="7"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Fair-Value(1)</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Strike Rate</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Effective Date</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Expiration Date</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">March&nbsp;31, <br />2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">December&nbsp;31, <br />2010</font></div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">115,000</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom; border-top: #000000 1px solid;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">4.673</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">October&nbsp;1, 2007</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">August&nbsp;1, 2011</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(1,707</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(2,928</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">35,000</font></div></td> <td style="border-bottom: #000000 1px solid; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">4.700</font></div></td> <td style="padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">%</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">October&nbsp;10, 2007</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">August&nbsp;1, 2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(524</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(898</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Interest rate swaps</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">150,000</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(2,231</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(3,826</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Other(2)</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">&#8212;</font></div></td> <td style="border-bottom: #000000 1px solid; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">1</font></div></td> <td style="border-bottom: #000000 1px solid; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">26</font></div></td> <td style="border-bottom: #000000 1px solid; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Total derivative instruments</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">150,000</font></div></td> <td style="border-bottom: #000000 3px double; background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(2,230</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(3,800</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td></tr></table></div></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">____________</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <table style="padding-bottom: 8px; width: 100%; font-family: Times New Roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr><td style="width: 24px;"> </td> <td> </td></tr> <tr><td style="padding-left: 0px; vertical-align: top;"> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(1)</font></div></td> <td style="vertical-align: top;"> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Fair-value of derivative instruments does not include any related accrued interest payable, which is included in accrued expenses on the accompanying consolidated balance sheets.</font></div></td></tr></table> <table style="padding-bottom: 8px; width: 100%; font-family: Times New Roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr><td style="width: 24px;"> </td> <td> </td></tr> <tr><td style="padding-left: 0px; vertical-align: top;"> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(2)</font></div></td> <td style="vertical-align: top;"> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">A stock purchase warrant was received in connection with an early lease termination in September 2009 and was recorded as a derivative instrument. Changes in the fair-value of the stock purchase warrant are included in earnings in the period in which they occur.</font></div></td></tr></table> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">For derivatives designated as cash flow hedges, the effective portion of changes in the fair-value of the derivative is initially reported in accumulated other comprehensive income (outside of earnings) and subsequently reclassified to earnings in the period in which the hedged transaction affects earnings. During the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> months ended </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">2010</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. The ineffective portion of the change in fair-value of the derivatives is recognized directly in earnings.</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The Company's use of proceeds from its March 2011 unsecured debt offering to repay a portion of the outstanding indebtedness on its unsecured line of credit caused the amount of variable-rate indebtedness to fall below the combined notional value of the outstanding interest rate swaps on March 30, 2011, causing the Company to be overhedged. As a result, the Company re-performed tests to assess the effectiveness of its interest rate swaps. Although the interest rate swaps with an aggregate notional amount of $150.0 million passed the assessment tests at March 31, 2011 and the $115.0 million swap continued to qualify for hedge accounting, the $35.0 million swap no longer qualifies for hedge accounting. From the date that hedge accounting was discontinued on the $35.0 million swap, changes in the fair-value associated with this interest rate swap were recorded directly to earnings, resulting in the recognition of a gain of approximately $31,000 for the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> months ended </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, which is included as a component of loss on derivative instruments. The Company accelerated the reclassification of amounts deferred in accumulated other comprehensive loss to earnings related to the hedged forecasted transactions that became probable of not occurring during the period in which the Company was overhedged. This resulted in a cumulative charge to earnings for the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> months ended </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> of approximately </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$1.0 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">. </font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">During the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> months ended </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Company recorded a total loss on derivative instruments of </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$1.0 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, primarily related to the reduction in the amount of the variable-rate indebtedness relating to the remaining $150.0 million interest rate swaps (see above), hedge ineffectiveness on cash flow hedges due to mismatches in maturity dates and interest rate reset dates between the interest rate swaps and corresponding debt and changes in the fair-value of other derivative instruments. During the </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> months ended </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2010</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, the Company recorded a total gain on derivative instruments of </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$150,000</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> primarily related to changes in the fair-value of a stock purchase warrant held by the Company, which are recorded directly to the consolidated income statement as they occur.</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to earnings during the period in which the hedged transaction affects earnings. The change in net unrealized (loss)/gain on derivative instruments includes reclassifications of net unrealized losses from accumulated other comprehensive loss as (1) an increase to interest expense of </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$3.4 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$5.9 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, for the </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">2010</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, respectively, and (2) a loss on derivative instruments of </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$1.0 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> for the </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and a gain on derivative instruments of </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$150,000</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> for the </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2010</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">. During the next twelve months, the Company estimates that an additional </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$8.3 million</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> will be reclassified </font><font style="font-family: inherit; font-size: 10pt;" class="_mt">from accumulated other comprehensive loss as an increase to interest expense. In addition, for the </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">2010</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, approximately </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$106,000</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">$288,000</font><font style="font-family: inherit; font-size: 10pt;" class="_mt">, respectively, of settlement payments on interest rate swaps have been deferred in accumulated other comprehensive loss and will be amortized over the useful lives of the related development or redevelopment projects.</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The following is a summary of the amount of loss recognized in other comprehensive income related to the derivative instruments for the </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: Times New Roman; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">2010</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> (in thousands):</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: center; line-height: 120%; font-size: 10pt;"> <div style="line-height: normal; text-indent: 0px; padding-left: 0px; padding-top: 10px;"> <table style="text-align: left; width: 100%; border-collapse: collapse; font-family: Times New Roman; margin-left: auto; font-size: 10pt; margin-right: auto;" cellspacing="0" cellpadding="0"> <tr><td colspan="8"> </td></tr> <tr><td width="71%"> </td> <td width="1%"> </td> <td width="12%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="12%"> </td> <td width="1%"> </td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="7"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Three Months Ended</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="7"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">March 31,</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">2010</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Amount of loss recognized in other comprehensive income (effective portion):</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 20px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Cash flow hedges</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 36px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Interest rate swaps</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">62</font></div></td> <td style="border-bottom: #000000 3px double; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">1,140</font></div></td> <td style="border-bottom: #000000 3px double; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr></table></div></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The following is a summary of the amount of loss reclassified from accumulated other comprehensive loss to interest expense related to the derivative instruments for the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three months ended</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">2010</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> (in thousands):</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: center; line-height: 120%; font-size: 10pt;"> <div style="line-height: normal; text-indent: 0px; padding-left: 0px; padding-top: 10px;"> <table style="text-align: left; width: 100%; border-collapse: collapse; font-family: Times New Roman; margin-left: auto; font-size: 10pt; margin-right: auto;" cellspacing="0" cellpadding="0"> <tr><td colspan="8"> </td></tr> <tr><td width="71%"> </td> <td width="1%"> </td> <td width="12%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="12%"> </td> <td width="1%"> </td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="7"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Three Months Ended</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="7"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">March 31,</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">2010</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Amount of loss reclassified from accumulated other comprehensive loss to income (effective portion):</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 20px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Cash flow hedges</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 36px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Interest rate swaps(1)</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(1,645</font></div></td> <td style="padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(4,123</font></div></td> <td style="padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 36px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Forward starting swaps(2)</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(1,765</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(1,786</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Total interest rate swaps</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(3,410</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(5,909</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td></tr></table></div></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">____________</font></div> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <table style="width: 100%; font-family: Times New Roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr><td style="width: 24px;"> </td> <td> </td></tr> <tr><td style="padding-left: 0px; vertical-align: top;"> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(1)</font></div></td> <td style="vertical-align: top;"> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Amount represents payments made to swap counterparties for the effective portion of interest rate swaps that were recognized as an increase to interest expense for the periods presented (the amount was recorded as an increase and corresponding decrease to accumulated other comprehensive loss in the same accounting period).</font></div></td></tr></table> <div style="text-align: justify; line-height: 120%; padding-left: 24px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <table style="width: 100%; font-family: Times New Roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr><td style="width: 24px;"> </td> <td> </td></tr> <tr><td style="padding-left: 0px; vertical-align: top;"> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(2)</font></div></td> <td style="vertical-align: top;"> <div style="text-align: justify; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Amount represents reclassifications of deferred interest costs from accumulated other comprehensive loss to interest expense related to the Company's previously settled forward starting swaps.</font></div></td></tr></table> <div style="text-align: justify; line-height: 120%; padding-left: 24px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: justify; line-height: 120%; text-indent: 18px; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">The following is a summary of the amount of (loss)/gain recognized in income as a loss on derivative instruments related to the ineffective portion of the derivative instruments for the </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">three</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> months ended </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">March&nbsp;31, 2011</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> and </font><font style="font-family: inherit; color: #000000; font-size: 10pt; text-decoration: none;" class="_mt">2010</font><font style="font-family: inherit; font-size: 10pt;" class="_mt"> (in thousands):</font></div> <div style="text-align: left; line-height: 120%; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div> <div style="text-align: center; line-height: 120%; font-size: 10pt;"> <div style="line-height: normal; text-indent: 0px; padding-left: 0px; padding-top: 10px;"> <table style="text-align: left; width: 100%; border-collapse: collapse; font-family: Times New Roman; margin-left: auto; font-size: 10pt; margin-right: auto;" cellspacing="0" cellpadding="0"> <tr><td colspan="8"> </td></tr> <tr><td width="71%"> </td> <td width="1%"> </td> <td width="12%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="12%"> </td> <td width="1%"> </td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="7"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">Three Months Ended</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="7"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">March 31,</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">2011</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;" colspan="3"> <div style="text-align: center; font-size: 8pt;"><font style="font-family: inherit; font-size: 8pt; font-weight: bold;" class="_mt">2010</font></div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Amount of (loss)/gain recognized in income (ineffective portion and amount excluded from effectiveness testing):</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 20px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Cash flow hedges</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;" colspan="3"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 36px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Interest rate swaps</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(451</font></div></td> <td style="padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="padding-bottom: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">56</font></div></td> <td style="vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 36px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Ineffective interest rate swaps</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(535</font></div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 1px solid; padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">&#8212;</font></div></td> <td style="border-bottom: #000000 1px solid; background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Total interest rate swaps</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(986</font></div></td> <td style="padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">56</font></div></td> <td style="vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 20px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">Other derivative instruments</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(25</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="padding-bottom: 2px; background-color: #cceeff; padding-left: 2px; vertical-align: bottom; padding-top: 2px;" colspan="2"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">94</font></div></td> <td style="background-color: #cceeff; vertical-align: bottom;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr> <tr><td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt; font-weight: bold;" class="_mt">Total (loss)/gain on derivative instruments</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">(1,011</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-right: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">)</font></div></td> <td style="padding-bottom: 2px; padding-left: 2px; padding-right: 2px; vertical-align: bottom; padding-top: 2px;"> <div style="font-size: 10pt; overflow: hidden;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; padding-left: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">$</font></div></td> <td style="border-bottom: #000000 3px double; padding-bottom: 2px; vertical-align: bottom; border-top: #000000 1px solid; padding-top: 2px;"> <div style="text-align: right; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt">150</font></div></td> <td style="border-bottom: #000000 3px double; vertical-align: bottom; border-top: #000000 1px solid;"> <div style="text-align: left; font-size: 10pt;"><font style="font-family: inherit; font-size: 10pt;" class="_mt"> </font>&nbsp;</div></td></tr></table><font style="font-family: inherit; font-size: 10pt;" class="_mt" size="3"> </font></div></div> </div>9. Derivatives and Other Financial Instruments &nbsp; As of March&nbsp;31, 2011, the Company had two interest rate swaps with an aggregate notional amountfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element can be used to disclose the entity's entire derivative instruments and hedging activities disclosure as a single block of text. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising there from, and the amounts of and methodologies and assumptions used in determining the amounts of such items.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 45 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44 falsefalseDerivatives and Other Financial Instruments12Derivatives and Other Financial InstrumentsUnKnownUnKnownUnKnownUnKnownfalsetrue