Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Financial Instruments [Abstract]

Schedule of Eurodollar Positions

The table below presents information related to the Company’s Eurodollar futures positions at December 31, 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	0.40%	262,500		(189)
2015	0.80%	275,000		(146)
2016	1.90%	250,000		1,367
2017	3.03%	250,000		2,291
2018	3.77%	250,000		1,575
	2.02%		$	4,898
Cash posted as collateral, included in restricted cash			$	2,446

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 years ended December 31, 2013 and 2012.

(in thousands)
		2013		2012
Eurodollar futures contracts (short positions)	$	4,828	$	(40)