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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2012
Summary of Interest Rate Swap Agreements

Notional Amount

   Effective
Date
     Expiration
Date
     Fixed Rate
Paid
    Floating
Rate Received
 

$20 Million

     9/4/05         9/4/13         4.4350     6 month LIBOR   

$75 Million

     9/1/2011         8/1/18         2.3700     1 month LIBOR   

$50 Million

     9/1/2011         8/1/18         2.3700     1 month LIBOR   

$50 Million

     12/30/11         12/29/17         1.6125     1 month LIBOR   

$25 Million

     12/30/11         12/29/17         1.6125     1 month LIBOR   

$25 Million

     12/30/11         12/29/17         1.6125     1 month LIBOR   
Summary of Derivative Instruments by Hedge Designation

(dollars in thousands)

   Jan. 1, 2012
to
Sep. 30, 2012
    Jan. 1, 2011
to

Sep. 30,  2011
 

Adjustments to interest expense:

    

Realized loss reclassified from accumulated other comprehensive loss to interest expense

   $ (3,707   $ (9,841
  

 

 

   

 

 

 

Adjustments to other comprehensive income (loss):

    

Realized loss reclassified to interest expense

     3,707       9,841  

Unrealized loss from changes in the fair value of
the effective portion of the interest rate swaps

     (9,676     (7,952
  

 

 

   

 

 

 

(Loss) gain included in other comprehensive income (loss)

   $ (5,969   $ 1,889