Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Financial Instruments Tables [Abstract]

Schedule of Eurodollar Positions

The table below presents information related to the Company's Eurodollar futures positions at September 30, 2013. As of December 31, 2012, the Company had no outstanding futures positions.

(in thousands)
		Average
	Weighted	Contract
	Average	Notional		Open
Expiration Year	LIBOR Rate	Amount		Equity(1)
2014	0.47%	262,500		(96)
2015	0.89%	275,000		95
2016	1.86%	250,000		1,286
2017	2.83%	250,000		1,794
2018	3.51%	250,000		1,088
	1.95%		$	4,167
Cash posted as collateral, included in restricted cash			$	2,581

• Open equity represents the cumulative gains (losses) recorded on open futures positions.

Income Statement Effect of Derivatives [Table Text Block]

The table below presents the effect of the Company's derivative financial instruments on the statements of operations for the nine and three months ended September 30, 2013 and 2012.

(in thousands)
	Nine Months Ended September 30,				Three Months Ended September 30,
		2013		2012		2013		2012
Eurodollar futures contracts (short positions)	$	4,096	$	(40)	$	(2,272)	$	(14)