DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2013

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of fair value of the entity's derivative financial instrument as well as its classification on the consolidated balance sheet

The table below presents the fair value of the Company’s derivative financial instrument as well as its classification on the consolidated balance sheet as of December 31, 2012 and March 31, 2013 (in thousands):

	Liability Derivatives
		Fair Value as of
	Balance Sheet Location	December 31, 2012		March 31, 2013
Derivatives designated as hedging instruments:
Interest Rate Swaps	Other liabilities	$	11,142	$	10,075
Total derivatives designated as hedging instruments		$	11,142	$	10,075

Schedule of effect of the entity's derivative financial instruments on the consolidated income statements

The table below presents the effect of the Company’s derivative financial instruments on the consolidated income statements for the three months ended March 31, 2012 and 2013 (in thousands):

Three Months Ended March 31,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2012	Interest Rate Swap	$	(445	)	Interest expense	$	1,023
2013	Interest Rate Swap	(1,068		)	Interest expense	1,033