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DERIVATIVES (Tables)
9 Months Ended
Sep. 30, 2013
DERIVATIVES  
Schedule summarizing the terms of entity's derivative financial instruments

 

 

Hedge Product

 

Current Notional
Amounts

 

Strike

 

Effective Dates

 

Maturity Dates

 

Swap Agreements

 

$4,873 - $97,211

 

2.79% - 6.32%

 

7/1/2009 - 7/25/2013

 

7/1/2014 - 4/1/2021

 

 

Schedule of balance sheet classification and fair value of the entity's derivative financial instruments

 

 

 

 

Asset (Liability) Derivatives

 

 

 

September 30, 2013

 

December 31, 2012

 

Derivatives Designated as

 

Balance Sheet

 

Fair

 

Balance Sheet

 

Fair

 

Hedging Instruments:

 

Location

 

Value

 

Location

 

Value

 

Swap Agreements

 

Other assets

 

$

7,530

 

Other assets

 

$

 

Swap Agreements

 

Other liabilities

 

$

(4,953

)

Other liabilities

 

$

(15,228

)

 

Interest payments recognized as an increase or decrease in interest expense

 

 

 

 

Classification of

 

For the Three Months Ended September 30,

 

For the Nine Months Ended September 30,

 

Type

 

Income (Expense)

 

2013

 

2012

 

2013

 

2012

 

Swap Agreements

 

Interest expense

 

$

(2,307

)

$

(1,876

)

$

(6,589

)

$

(4,429

)

Schedule of information relating to the gain (loss) recognized on the swap agreements

 

 

 

Gain (loss)
recognized in OCI

 

Location of amounts

 

Gain (loss) reclassified
from OCI

 

Type

 

September 30, 2013

 

reclassified from OCI
into income

 

For the Nine Months
Ended September 30, 2013

 

Swap Agreements

 

$

10,837

 

Interest expense

 

$

(6,589

)