DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2013

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

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

The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheet as of December 31, 2012 and September 30, 2013 (in thousands):

	Liability Derivatives
		Fair Value as of
	Balance Sheet Location	December 31, 2012		September 30, 2013
Derivatives designated as hedging instruments:
Interest Rate Derivatives	Other liabilities	$	11,142	$	5,651
Total derivatives designated as hedging instruments		$	11,142	$	5,651

Schedule of effect of the Company's interest rate derivatives, it's only derivative financial instruments, on the consolidated income statements

The table below presents the effect of the Company’s interest rate derivatives, it’s only derivative financial instruments, on the consolidated income statements for the three and nine months ended September 30, 2012 and 2013 (in thousands):

	Effective Portion						Ineffective Portion
Three MonthsEndedSeptember 30,	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative			Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income		Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative		Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
2012	$	(1,192	)	Interest expense	$	1,044	$	—	Interest expense	$	—
2013	—			Interest expense	—		—		Interest expense	—

	Effective Portion						Ineffective Portion
Nine MonthsEndedSeptember 30,	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative			Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income		Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative		Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
2012	$	(892	)	Interest expense	$	3,100	$	—	Interest expense	$	—
2013	6,255			Interest expense	6,255		—		Interest expense	764