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Interest Rate Swap Agreements (Tables)
3 Months Ended
Mar. 31, 2012
Interest Rate Swap Agreements [Abstract]  
Interest rate swap agreements designated as hedge agreements
                                                     
                                        Estimated  

Amount

Designated

as a Hedge

  Nominal
Amount
   

Effective

Date

  Pay Rate    

Receive Rate

 

Expiration

Date

  Current
Liability  (1)
    Long-
Term
Liability  (2)
    Total Fair
Value at
March 31,
2012
 
$106,632 (3)   $ 125,000     August 2007     4.9220   3-Month LIBOR   August 2012   $ 2,079     $ —       $ 2,079  
$ 63,983 (4)   $ 75,000     November 2008     3.6300   1-Month LIBOR   November 2012     1,591       —         1,591  
$175,000   $ 175,000     December 2010     1.3975   1-Month LIBOR   September 2015     1,827       2,231       4,058  
$175,000   $ 175,000     December 2010     1.4000   1-Month LIBOR   September 2015     1,842       2,292       4,134  
$100,000   $ 100,000     November 2011     1.7150   1-Month LIBOR   April 2016     1,362       1,999       3,361  

 

 

 

 

                       

 

 

   

 

 

   

 

 

 
$620,615   $ 650,000                         $ 8,701     $ 6,522     $ 15,223  

 

 

 

 

                       

 

 

   

 

 

   

 

 

 

 

(1)

Included in accounts payable and accrued expenses on the condensed consolidated balance sheet as of March 31, 2012.

(2 )

Included in other long-term liabilities on the condensed consolidated balance sheet as of March 31, 2012.

(3 )

An additional $18,368 of this original $125,000 swap is no longer designated as a hedge as a result of the prepayment of the unextended portion of the Company’s term loan debt.

(4)

An additional $11,017 of this original $75,000 swap is no longer designated as a hedge as a result of the prepayment of the unextended portion of the Company’s term loan debt.