Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities [Abstract]

Schedule of derivative financial instruments as well as its classification on the consolidated balance sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheet as of December 31, 2013 and 2012 (in thousands; amounts in parentheses indicate debits):

		Fair Value as of
	Balance Sheet Location		December 31, 2013			December 31, 2012
Derivatives not designated as hedging instruments:
Interest rate swaps	Accrued liabilities and other	$	-		$	239
Total derivatives not designated as cash flow hedges		$	-		$	239
Derivatives designated as hedging instruments:
Interest rate swaps	Accrued liabilities and other	$	1,590		$	1,613
	Deferred charges and other assets, net		(5,926	)		(177	)
Total derivatives designated as hedging instruments		$	(4,336	)	$	1,436

Schedule of derivative financial instruments designated as cash flow hedges on the consolidated income statements

The table below presents changes in accumulated other comprehensive income by component for the twelve months ended December 31, 2013 (in thousands; amounts in parentheses indicate debits):

	Gains and (Losses) on  Cash Flow  Hedges			Income  Taxes			Accumulated Other Comprehensive  Income (Loss)
Balance as of December 31, 2012	$	(1,436	)	$	573		$	(863	)
Other comprehensive income before reclassifications		4,111			(1,647	)		2,464
Amounts reclassified from accumulated other comprehensive income (to interest expense)		1,661			(668	)		993
Net current period other comprehensive income		5,772			(2,315	)		3,457
Balance as of December 31, 2013	$	4,336		$	(1,742	)	$	2,594