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Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2014
Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income [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 March 31, 2014 and December 31, 2013 (in thousands; amounts in parentheses indicate debits):
 
 
Derivatives
 
 
  
 
Fair Value as of
 
Balance Sheet
 
March 31,
  
December 31,
 
Location
 
2014
  
2013
 
 
  
 
Derivatives designated as hedging instruments:
 
  
 
Interest rate swaps
Accrued liabilities and other
 
$
1,639
  
$
1,590
 
Deferred charges and other assets net
  
(5,396
)
  
(5,926
)
Total derivatives designated as hedging instruments
 
$
(3,757
)
 
$
(4,336
)
 
Schedule of accumulated other comprehensive income (loss)
The table below presents change in accumulated other comprehensive income by component for the three months ended March 31, 2014 (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, 2013
 
$
4,336
  
$
(1,742
)
 
$
2,594
 
Other comprehensive income before reclassifications
  
(1,002
)
  
401
   
(601
)
Amounts reclassified from accumulated other comprehensive income (to interest expense)
  
423
   
(169
)
  
254
 
Net current period other comprehensive income
  
(579
)
  
232
   
(347
)
Balance as of March 31, 2014
 
$
3,757
  
$
(1,510
)
 
$
2,247