Financial Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Financial Derivative Instruments [Abstract]

Interest rate swap agreements

Listed below are the interest rate swap agreements we had outstanding as of March 31, 2013 which were designated as cash flow hedges of interest rate risk and have the effect of locking our interest rates on a portion of our existing variable interest rate debt.

Interest Rate Swap Agreement Effective Dates	Notional Amount		Rate
September 2011 - September 2014	$	24,000,000		1.66	%
September 2011 - March 2015	$	24,000,000		1.91	%
September 2011 - September 2015	$	24,000,000		2.14	%

Effect of derivative instruments on consolidated operations

Derivatives Designated as Cash Flow Hedges	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)				Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)				Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
For the Quarters ended March 31,	2013		2012			2013		2012			2013		2012
Interest rate derivatives
Pay-fixed swaps	$	26	$	-	Interest expense	$	21	$	-	Interest expense	$	7	$	-
Total	$	26	$	-		$	21	$	-		$	7	$	-

Derivatives Not Designated as Cash Flow Hedges	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)				Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)				Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
For the Quarters ended March 31,	2013		2012			2013		2012			2013		2012
Interest rate derivatives
Pay-fixed swaps	$	-	$	-	Interest expense	$	-	$	-	Interest expense	$	-	$	47
Total	$	-	$	-		$	-	$	-		$	-	$	47

Fair Value of Derivative Instruments [Table Text Block]

The following tables present the fair value of our derivative instruments included in our Consolidated Balance Sheets as of March 31, 2013 and December 31, 2012.

	Derivative Assets				Derivative Liabilities
	Fair Value as of
	March 31,		December 31,		March 31,		December 31,
Derivatives Designated as Cash Flow Hedges	2013		2012		2013		2012
Interest rate derivatives
Balance sheet location	Financial Derivative Instruments		Financial Derivative Instruments		Financial Derivative Instruments		Financial Derivative Instruments
Pay-fixed swaps	$	-	$	-	$	2,179	$	-
Total	$	-	$	-	$	2,179	$	-

	Derivative Assets				Derivative Liabilities
	Fair Value as of
	March 31,		December 31,		March 31,		December 31,
Derivatives Not Designated as Cash Flow Hedges	2013		2012		2013		2012
Interest rate derivatives
Balance sheet location	Financial Derivative Instruments		Financial Derivative Instruments		Financial Derivative Instruments		Financial Derivative Instruments
Pay-fixed swaps	$	-	$	-	$	-	$	2,432
Total	$	-	$	-	$	-	$	2,432