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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2012
Accounting Policies [Abstract]  
Fair value of liabilities on recurring basis
 
Fair Value Measurements at Reporting
Date Using:
 
March 31,
 
Quoted Prices in
Active Markets for
Identical Assets
 
Significant Other
Observable Inputs
 
Unobservable
Inputs
Description
2012
 
(Level 1)
 
(Level 2)
 
(Level 3)
Recurring
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Interest Rate Swaps
3,868

 

 
3,868

 

The following table sets forth the Company’s financial liabilities that were accounted for at fair value on a recurring basis as of December 31, 2011 (in thousands):

 
Fair Value Measurements at Reporting
Date Using:
 
December 31,
 
Quoted Prices in
Active Markets for
Identical Assets
 
Significant Other
Observable Inputs
 
Unobservable
Inputs
Description
2011
 
(Level 1)
 
(Level 2)
 
(Level 3)
Recurring
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Interest Rate Swaps
3,886

 

 
3,886

 

Held-to-maturity securities
 
 
Held-to-Maturity Securities
 
 
Amortized Cost (Net Carrying Amount)
 
Premium on held-to-maturity securities
 
Premium Amortization
 
Amortized Cost
March 31, 2012:
 
 
 
 
 
 
 
 
Banco Santander Chile Senior Notes
 
$
50,000

 
$
175

 
$
11

 
$
50,164

 
 
 
 
 
 
 
 
 
Total
 
$
50,000

 
$
175

 
$
11

 
$
50,164