Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives [Table Text Block]

The following is a summary of the derivative instruments we entered into for the periods presented (in thousands):

		As of September 30, 2013					September 30, 2013				December 31, 2012
Derivative		Notional	Receive	Pay or		Maturity
Agreement		Amount	Rate	Strike Rate		Date		Asset		Liability		Asset		Liability
Interest rate cap	$	100,000	1 Month LIBOR	2.50	%	January 2014	$	-	$	-	$	-	$	-
Interest rate cap		50,000	1 Month LIBOR	2.50	%	January 2014		-		-		-		-
Interest rate cap		50,000	1 Month LIBOR	2.50	%	January 2014		-		-		-		-
Interest rate cap		18,762	1 Month LIBOR	1.25	%	April 2013		-		-		-		-
Interest rate swap		18,762	1 Month LIBOR	1.39	%	April 2013		-		-		-		(73)
							$	-	$	-	$	-	$	(73)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

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 three and nine months ended September 30, 2013 and 2012, respectively (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,  2013		September 30,  2012		September 30,  2013		September 30,  2012
Amount of gain (loss) recognized in accumulated other comprehensive income on interest rate derivatives (effective portion)	$	-	$	(7)	$	-	$	(55)
Amount of gain (loss) reclassified from accumulated other comprehensive income into income as interest expense (effective portion)	$	-	$	(107)	$	(58)	$	(176)
Amount of gain (loss) recognized in income on derivatives (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	$	-	$	(2)	$	-	$	(3)

Derivative Instruments, Gain (Loss) [Table Text Block]

The table below details the gain or loss recognized in earnings for the three and nine months ended September 30, 2013 and 2012, respectively (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,  2013		September 30,  2012		September 30,  2013		September 30,  2012
Losses on derivative instruments	$	(2)	$	(3)	$	(5)	$	(3)

Schedule of Derivative Instruments [Table Text Block]

Interest rate caps and interest rate swaps measured at fair value for the periods presented are as follows (in thousands):

	Quoted Prices in  Active Markets  for Identical  Assets and  Liabilities  (Level 1)		Significant Other  Observable  Inputs   (Level 2)		Significant  Unobservable  Inputs   (Level 3)		Balance at end of  Period
September 30, 2013
Other assets - Interest rate caps	$	-	$	-	$	-	$	-
December 31, 2012
Other liabilities - Interest rate swaps		-		(73)		-		(73)