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Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
As of December 31, 2013 and 2012, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk.
 
 
December 31, 2013
 
December 31, 2012
Interest Rate Derivative
 
Number of
Instruments
 
Notional Amount
 
Number of
Instruments
 
Notional Amount
 
 
 
 
(In thousands)
 
 
 
(In thousands)
Interest rate swaps
 
6
 
$
179,988

 
5
 
$
99,988

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2013 and 2012:
 
 
 
 
December 31,
(In thousands)
 
Balance Sheet Location
 
2013
 
2012
Derivatives designated as hedging instruments:
 
 
 
 
Interest rate swaps
 
Derivative assets, at fair value
 
$
490

 
$

Interest rate swaps
 
Derivative liabilities, at fair value
 
$
(875
)
 
$
(1,710
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2013, 2012 and 2011:
 
 
Year Ended December 31,
(In thousands)
 
2013
 
2012
 
2011
Amount of loss recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)
 
$
(16
)
 
$
(1,722
)
 
$
(214
)
Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)
 
$
(1,336
)
 
$
(230
)
 
$
(13
)
Amount of income (loss) recognized in gain (loss) on derivative instruments (ineffective portion and amount excluded from effectiveness testing)
 
$
5

 
$
(14
)
 
$
(3
)
Offsetting Liabilities
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2013 and 2012. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying balance sheets.
 
 
 
 
 
 
 
 
Gross Amounts Not Offset on the Balance Sheet
 
 
Derivatives (In thousands)
 
Gross Amounts of Recognized Assets
 
Gross Amounts of Recognized Liabilities
 
Net Amounts of Assets (Liabilities) presented on the Balance Sheet
 
Financial Instruments
 
Cash Collateral Posted
 
Net Amount
December 31, 2013
 
$
490

 
$
(875
)
 
$
(385
)
 
$

 
$

 
$
(385
)
December 31, 2012
 
$

 
$
(1,710
)
 
$
(1,710
)
 
$

 
$

 
$
(1,710
)