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cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:100%;border-collapse:collapse;margin-left:0pt;"&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;December 31, 2012&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;June 30, 2013&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Balance Sheet Location&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;Fair Value&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;Fair Value&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td colspan="2" style="vertical-align:top;font-family:Georgia;;width:317.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Derivatives designated as hedging instruments&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Current assets &amp;#8211; Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$-&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$(196,991)&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Current liabilities &amp;#8211; Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;297,908&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;311,718&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Long-Term Liabilities &amp;#8211; Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-bottom:solid windowtext 0.25pt;border-bottom:solid windowtext 0.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;375,166&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-bottom:solid windowtext 0.25pt;border-bottom:solid windowtext 0.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;-&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Subtotal&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 0.25pt;border-top:solid windowtext 0.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$673,074&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 0.25pt;border-top:solid windowtext 0.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$114,727&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td colspan="2" style="vertical-align:top;font-family:Georgia;;width:317.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Derivatives not designated as hedging instruments&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Current liabilities &amp;#8211; Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$887,811&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$1,371,406&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Long-Term Liabilities &amp;#8211; Interest rate swaps&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-bottom:solid windowtext 0.25pt;border-bottom:solid windowtext 0.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;992,411&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;vertical-align:bottom;border-bottom:solid windowtext 0.25pt;border-bottom:solid windowtext 0.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;-&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Subtotal&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 0.25pt;border-top:solid windowtext 0.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$1,880,222&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 0.25pt;border-top:solid windowtext 0.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$1,371,406&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;!--Exclude empty div--&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:104.65pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Total derivatives&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:212.6pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$2,553,296&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:96.25pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$1,486,133&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="margin:0;padding:0;border:none;width:93.7pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:175.3pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:86.9pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:86.9pt;" /&gt;&lt;/tr&gt;&lt;/table&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Tabular disclosure of derivative instruments, both designated as hedging instruments and not  designated, and the location and fair value amounts of the instruments reported in the statement of financial position.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Derivative Instruments - Balance Sheet Location</Label></Row><Row FlagID="0"><Id>3</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>2</Level><ElementName>prgn_ScheduleOfCashFlowHedgesRecognizedInAccumulatedOtherComprehensiveIncomeTableTextBlock</ElementName><ElementPrefix>prgn_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Q2_2013_Dur" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;div&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:justify;text-justify:inter-ideograph;"&gt;&lt;b&gt;Gain / (Loss) Recognized in Accumulated Other Comprehensive Income / (Loss) &amp;#8211; Effective Portion&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:100.32%;border-collapse:collapse;margin-left:0pt;"&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:top;font-family:Georgia;;width:194.15pt;vertical-align:middle;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;Six Months Ended June 30,&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;vertical-align:bottom;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;2012&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;vertical-align:bottom;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;2013&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps &lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$ (440,917) &lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$403,710&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Total&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$ (440,917)&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$403,710&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="margin:0;padding:0;border:none;width:133.15pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:134.75pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:88.3pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:88pt;" /&gt;&lt;/tr&gt;&lt;/table&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Tabular disclosure of the effective portion of gains and losses on derivative instruments designated and qualifying as cash flow hedges recognized in accumulated other comprehensive income (loss).</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Effect of Derivative Instruments designated as hedging instruments (Recognised in Accumulated Other Comprehensive Income / (Loss) - Effective Portion)</Label></Row><Row FlagID="0"><Id>4</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>2</Level><ElementName>us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Q2_2013_Dur" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;div&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&lt;b&gt;Location of Gain / (Loss) Transferred from Accumulated Other Comprehensive Income / (Loss) in Statement of Comprehensive Income / (Loss) &amp;#8211; Effective Portion&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:100.32%;border-collapse:collapse;margin-left:0pt;"&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:top;font-family:Georgia;;width:194.15pt;vertical-align:middle;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;Six Months Ended June 30,&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&lt;b&gt;Location&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;vertical-align:bottom;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;2012&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;vertical-align:bottom;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;2013&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps &amp;#8211; Realized Loss&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest and finance costs&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$(36,118)&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$(154,637)&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Total&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$(36,118)&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$(154,637)&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="margin:0;padding:0;border:none;width:130.9pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:138.35pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:86.9pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:88.05pt;" /&gt;&lt;/tr&gt;&lt;/table&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 815

 -SubTopic 10

 -Section 50

 -Paragraph 4C

 -Subparagraph (c)

 -URI http://asc.fasb.org/extlink&amp;oid=7476318&amp;loc=SL5624171-113959



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</LabelSeparator><Level>2</Level><ElementName>prgn_ScheduleOfDerivativesNotDesignatedAsHedgingInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock</ElementName><ElementPrefix>prgn_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Q2_2013_Dur" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;div&gt;&lt;table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:100.32%;border-collapse:collapse;margin-left:0pt;"&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:top;font-family:Georgia;;width:194.15pt;vertical-align:middle;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;Six Months Ended June 30,&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Location of Gain / (Loss) Recognized&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;vertical-align:bottom;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;2012&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;vertical-align:bottom;border-bottom:solid windowtext 1.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:center;"&gt;&lt;b&gt;2013&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps &amp;#8211; Fair value&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;vertical-align:bottom;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;(Loss)  / gain on derivatives, net&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;vertical-align:bottom;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$891,635&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;vertical-align:bottom;border-top:solid windowtext 1.5pt;border-top:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;$508,816&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;Interest rate swaps &amp;#8211; Realized Loss&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;(Loss)  / gain on derivatives, net&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;(1,373,225)&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;vertical-align:bottom;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;(488,690)&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=""&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:154.25pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&lt;b&gt;Net loss on derivatives&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:163pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.05pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$(481,590)&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:97.1pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;border-top:solid windowtext 0.5pt;border-bottom:solid windowtext 1.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;line-height:10pt;text-align:right;"&gt;&lt;b&gt;$20,126&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="margin:0;padding:0;border:none;width:131.55pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:138.8pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:87.8pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:86.05pt;" /&gt;&lt;/tr&gt;&lt;/table&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Tabular disclosure of the gains and losses on derivative instruments not designated as cash flow hedges recognized in income/(loss).</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Effect of Derivative Instruments not designated as hedging instruments</Label></Row><Row FlagID="0"><Id>6</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>2</Level><ElementName>us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Q2_2013_Dur" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;div&gt;&lt;div align="center"&gt;&lt;table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:428.3pt;border-collapse:collapse;margin-left:-36.45pt;"&gt;&lt;tr style=";height:0;"&gt;&lt;td rowspan="2" style="vertical-align:top;font-family:Georgia;;width:198.6pt;vertical-align:middle;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:center;"&gt;&lt;b&gt;Financial Instruments&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:top;font-family:Georgia;;width:229.7pt;vertical-align:middle;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:center;"&gt;&lt;b&gt;Significant Other Observable Inputs (Level 2)&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=";height:0;"&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:center;"&gt;&lt;b&gt;December 31, 2012&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:center;"&gt;&lt;b&gt;June 30, 2013&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=";height:0;"&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:198.6pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:justify;text-justify:inter-ideograph;"&gt;Interest rate swaps &amp;#8211; asset&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:right;"&gt;$-&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:right;"&gt;$(196,991)&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=";height:0;"&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:198.6pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:justify;text-justify:inter-ideograph;"&gt;Interest rate swaps &amp;#8211; liability&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:right;"&gt;2,553,296&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:right;"&gt;1,683,124&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=";height:0;"&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:198.6pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:justify;text-justify:inter-ideograph;"&gt;&lt;b&gt;Total&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:right;"&gt;&lt;b&gt;$2,553,296&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:right;"&gt;&lt;b&gt;$1,486,133&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="margin:0;padding:0;border:none;width:198.6pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:114.85pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:114.85pt;" /&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 820

 -SubTopic 10

 -Section 50

 -Paragraph 1

 -URI http://asc.fasb.org/extlink&amp;oid=7578670&amp;loc=d3e19190-110258



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</LabelSeparator><Level>2</Level><ElementName>prgn_AvailableForSaleSecuritesSummaryOfValuationTableTextBlock</ElementName><ElementPrefix>prgn_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Q2_2013_Dur" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;div&gt;&lt;div align="center"&gt;&lt;table cellspacing="0" style="vertical-align:top;font-family:Georgia;;width:428.3pt;border-collapse:collapse;margin-left:-36.45pt;"&gt;&lt;tr style=";height:0;"&gt;&lt;td rowspan="2" style="vertical-align:top;font-family:Georgia;;width:198.6pt;vertical-align:middle;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:center;"&gt;&lt;b&gt;Financial Assets&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" style="vertical-align:top;font-family:Georgia;;width:229.7pt;vertical-align:middle;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:center;"&gt;&lt;b&gt;Quoted Prices in Active Markets (Level 1)&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=";height:0;"&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:center;"&gt;&lt;b&gt;December 31, 2012&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:center;"&gt;&lt;b&gt;June 30, 2013&lt;!--Exclude empty div--&gt;&lt;/b&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style=";height:0;"&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:198.6pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:justify;text-justify:inter-ideograph;"&gt;KLC Shares &amp;#8211; Marketable Securities&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:right;"&gt;$567,288&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align:top;font-family:Georgia;;width:114.85pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;border-top:solid windowtext 0.5pt;border-right:solid windowtext 0.5pt;border-bottom:solid windowtext 0.5pt;border-left:solid windowtext 0.5pt;padding:0pt 5.4pt 0pt 5.4pt;"&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;text-align:right;"&gt;$3,669,672&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty div--&gt;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="margin:0;padding:0;border:none;width:198.6pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:114.85pt;" /&gt;&lt;td style="margin:0;padding:0;border:none;width:114.85pt;" /&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin-left:0pt;margin-right:0pt;margin-top:0pt;margin-bottom:.0001pt;font-size:10.0pt;font-family:&amp;quot;Times New Roman&amp;quot;;"&gt;&amp;#160;&lt;!--Exclude empty p--&gt;&lt;/p&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Tabular discclosure of the summary of the valuation of available for sale securities.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Available For Sale Securites Summary Of Valuation</Label></Row></Rows><Footnotes /><IsEquityReport>false</IsEquityReport><ReportName>Financial Instruments and Fair Value Disclosures (Tables)</ReportName><MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>true</HasCustomUnits><IsEmbedReport>false</IsEmbedReport><IsMultiCurrency>false</IsMultiCurrency><ReportType>Sheet</ReportType><RoleURI>http://www.prgn.com/20130630/role/FairValueDisclosuresTables</RoleURI><NumberOfCols>1</NumberOfCols><NumberOfRows>7</NumberOfRows></InstanceReport>
