DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of fair value of the Company's derivative financial instruments as well as their classification on the condensed consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of June 30, 2014 (in thousands):

		June 30, 2014
Derivative Instrument	Balance Sheet Location	Fair Value
Interest Rate Swaps	Other liabilities	$	(58	)

Schedule of effect of the Company's derivative financial instruments on the condensed consolidated statement of income and comprehensive income

The effect of the Company’s derivative financial instruments on the condensed consolidated statement of income and comprehensive income is as follows (in thousands):

For the quarter ended June 30, 2014

Derivative
Instruments

Net deferral in
OCI of
derivatives
(effective
portion)

Statement of
earnings
classification

Net
reclassification
from AOCI into
income (effective
portion)

Statement of
earnings
classification

Amount recognized in
income (ineffective
portion and amount
excluded from
effectiveness testing)

Interest Rate Swaps

148

Interest expense

(58

)

Other (expense)

—