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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value of Derivative Financial Instruments and their Classification on Consolidated Balance Sheet
The table below presents the fair value of our derivative financial instrument as well as our classification on our Consolidated Balance Sheets as of December 31, 2013 and 2012 (amounts in thousands).
 
Balance Sheet Location
 
December 31,
2013
 
December 31,
2012
Interest Rate Swap
Accrued payroll and other operating expenses
 
$
928

 
$
2,591

Effect of Derivative Instruments on Consolidated Statements of Operations
The table below present the effect of our derivative financial instrument on the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2013, 2012 and 2011 (amounts in thousands).
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)
December 31,
2013
 
December 31,
2012
 
December 31,
2011
 
 
December 31,
2013
 
December 31,
2012
 
December 31,
2011
Interest Rate Swap
$
188

 
$
1,797

 
$
3,445

 
Interest Expense
 
$
1,851

 
$
1,754

 
$
898