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Derivatives and Hedging Derivative and Hedging Disclosure (Tables)
6 Months Ended
Jun. 30, 2012
Derivative  
Schedule of Interest Rate Derivatives [Table Text Block]
As of June 30, 2012, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk ($ in thousands):
Interest Rate Derivative
 
Number of Instruments
 
Notional Amount
Interest Rate Swaps
 
4
 
$400,000
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 Consolidated Balance Sheets of the Trust and CRLP as of June 30, 2012 and December 31, 2011, respectively.
 
 
Fair Value of Derivative Instruments
 
 
Asset Derivatives
 
Liability Derivatives
 
 
Balance
 
Fair Value at
 
Balance
 
Fair Value at
($ in thousands)
 
Sheet Location
 
6/30/2012
 
12/31/2011
 
Sheet Location
 
6/30/2012
 
12/31/2011
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Swap
 
Other Assets
 
$

 
$

 
Other Liabilities
 
$
(24,112
)
 
$
(16,619
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations and Comprehensive Income (Loss) of the Trust and CRLP for the three and six months ended June 30, 2012 and 2011, respectively.
 
 
Amount of Gain/
 
 
 
Amount of Gain/
 
 
(Loss) Recognized
 
 
 
(Loss) Reclassified
($ in thousands)
 
in OCI on
 
 
 
from OCI
 
 
Derivative
 
 
 
into Income
 
 
(Effective Portion)
 
 
 
(Effective Portion)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Location of Gain/
 
 
 
 
 
 
Derivatives in
 
 
 
 
 
 
 
(Loss) Reclassified
 
 
 
 
 
 
ASC 815 Cash
 
 
 
 
 
 
 
from Accumulated
 
 
 
 
 
 
Flow Hedging
 
Three Months Ended
 
Six Months Ended
 
OCI into Income
 
Three Months Ended
 
Six Months Ended
Relationships
 
6/30/2012
 
6/30/2011
 
6/30/2012
 
6/30/2011
 
(Effective Portion)
 
6/30/2012
 
6/30/2011
 
6/30/2012
 
6/30/2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Swaps
 
$
(10,750
)
 
$
537

 
$
(10,585
)
 
$
537

 
Interest Expense
 
$
(1,800
)
 
$
(120
)
 
$
(3,332
)
 
$
(240
)