DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2015

DERIVATIVE INSTRUMENTS [Abstract]

Realized And Unrealized Gains On Derivatives

The following tables detail (in thousands) the impact the agreements had on the financial statements:

	Three Months Ended
	March 31,
	2015			2014
Unrealized gain (loss)	$	180		$	(48	)
Realized gain (loss)		(180	)		87
Net gain (loss)	$	-		$	39

	March 31, 2015		December 31, 2014
Fair value of financial contracts – liability	$	-	$	180

Impact of Interest Rate Swap on Other Comprehensive Loss

The following tables detail (in thousands) the impact the agreement had on the financial statements:

	March 31,
	2015		2014
Other Comprehensive Loss
Cumulative loss	$	-	$	(495	)
Deferred tax benefit		-		173
Net cumulative loss	$	-	$	(322	)
Interest expense reclassified from other comprehensive loss	$	-	$	67

Fair Value of Derivative Liabilities

	March 31, 2015		December 31, 2014
Fair value of financial contracts – liability	$	-	$	180

	March 31, 2015		December 31, 2014
Fair value of interest rate swap  - liability	$	316	$	378