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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2014
Derivative Financial Instruments [Abstract]  
Fair value of derivative instrument
The fair value of our derivative instrument is as follows (in thousands):

Fair Value of Derivative Instrument
 
  
September 30,
2014
  
December 31,
2013
 
Fair value of interest rate swap
 
$
(340
)
 
$
-
 
Effect of interest rate swap contract on Consolidated Statements of Operations
The effect of the interest rate swap contracts that were accounted for as a derivative instrument on our Consolidated Statements of Operations for the three and nine-month periods ended September 30, 2014 and 2013 was as follows (in thousands):

Derivatives in Cash
Flow Hedging
Relationships
 
Amount of Gain (Loss)
Recognized in Accumulated
OCI (Effective Portion)
 
Location of Loss Reclassified
from Accumulated OCI into
Income (Effective Portion)
 
Amount of Loss Reclassified
from Accumulated OCI into
Income (Effective Portion)
 
      
Three Months
Ended
September 30,
     
2014
 
$
30
 
Interest expense
 
$
55
 
2013
 
$
29
 
Interest expense
 
$
-
 
          
Nine Months
Ended
September 30,
         
2014
 
$
(340
)
Interest expense
 
$
151
 
2013
 
$
219
 
Interest expense
 
$
188