Effect of Derivative Financial Instruments on Consolidated Statements of Income and Comprehensive Income schedule of derivative instruments in statement of financial position (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of derivative instruments in statement of financial position [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Company’s Consolidated Balance Sheets as of September 30, 2012 and December 31, 2011 (amounts in thousands).



	Balance Sheet Location	September 30, 2012		December 31, 2011
Interest Rate Swap	Accrued payroll and other operating expenses	$	3,013	$	2,547

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the three months ended September 30, 2012 and 2011.



Derivatives in Cash Flow Hedging Relationship	Amount of loss recognized in OCI on derivative (effective portion)				Location of loss reclassified from accumulated OCI into income (effective portion)	Amount of loss reclassified from accumulated OCI into income (effective portion)
Derivatives in Cash Flow Hedging Relationship	September 30, 2012		September 30, 2011			September 30, 2012		September 30, 2011
Interest Rate Swap	$	494	$	3,020	Interest Expense	$	440	$	463

Note 8 – Derivative Instruments and Hedging Activities (continued)

The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the nine months ended September 30, 2012 and 2011.



Derivatives in Cash Flow Hedging Relationship	Amount of loss recognized in OCI on derivative (effective portion)				Location of loss reclassified from accumulated OCI into income (effective portion)	Amount of loss reclassified from accumulated OCI into income (effective portion)
Derivatives in Cash Flow Hedging Relationship	September 30, 2012		September 30, 2011			September 30, 2012		September 30, 2011
Interest Rate Swap	$	1,765	$	3,356	Interest Expense	$	1,299	$	463

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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