XML 25 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document And Entity Information (USD $)
12 Months Ended
Dec. 31, 2011
Mar. 01, 2012
Jun. 30, 2011
Entity Registrant Name Hickory Tech Corp    
Entity Central Index Key 0000766561    
Current Fiscal Year End Date --12-31    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status No    
Entity Filer Category Accelerated Filer    
Entity Public Float     $ 145,264,767
Entity Common Stock, Shares Outstanding   13,409,941  
Document Fiscal Year Focus 2011    
Document Fiscal Period Focus FY    
Document Type 10-K    
Amendment Flag true    
Document Period End Date Dec. 31, 2011    
Amendment Description We are restating our previously reported financial information for these periods to change our accounting for interest rate swaps. We utilize interest rate swap agreements to manage our exposure to interest rate fluctuations on a portion of our variable-interest rate debt. We account for our financial derivative instruments in accordance with FASB ASC 815 "Derivatives and Hedging" ("the Standard"). The Standard requires all derivative instruments (including certain derivative instruments embedded in other contracts) be recorded on the balance sheet as either an asset or liability measured at its fair value, and that changes in the derivatives' fair value be recognized currently in earnings unless specific hedge accounting criteria are met. We applied a method of cash flow hedge accounting under FASB ASC 815 to account for the interest rate swap agreements that allowed us to record changes in the instruments' fair value in other comprehensive income (the "cash flow" method). After discussing the matter with our independent accountant, we recently concluded that the interest rate swap agreements did not qualify for the "cash flow" method in prior periods because of insufficient timely documentation. Under FASB ASC 815, cash flow hedge accounting is not allowed retrospectively because the documentation required was not in place at the inception of the hedge as well as on an ongoing basis. Eliminating the application of cash flow hedge accounting reverses the fair value adjustments that were made in other comprehensive income and transfers the fair value adjustments to earnings.