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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2014
Derivative Instruments  
Schedule of income effects of cash flow hedging relationships

 

 

 

 

 

 

Amount of (Gain) Loss Recognized
on Derivatives in the
Statements of Income

 

Derivatives in Cash Flow

 

Location of (Gain) Loss
Recognized on Derivatives in the

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

Hedging Relationships

 

Statements of Income

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

(in thousands)

 

Interest rate contracts

 

Interest expense

 

$

(124

)

$

393

 

$

(249

)

$

759

 

Total

 

 

 

$

(124

)

$

393

 

$

(249

)

$

759

 

 

Schedule of information about financial statement effects related to cash flow hedges

 

 

 

 

Amount of Gain Recognized in OCI on
Derivatives
(Effective Portion)

 

Location of Gain (Loss)
Reclassified

 

Amount of Gain (Loss) Reclassified
from
Accumulated OCI into
Income
(Effective Portion)

 

Derivatives in Cash Flow

 

Three Months Ended
June 30,

 

from Accumulated OCI into
Income

 

Three Months Ended
June 30,

 

Hedging Relationships

 

2014

 

2013

 

(Effective Portion)

 

2014

 

2013

 

 

 

(in thousands)

 

 

 

(in thousands)

 

Interest rate contracts*

 

$

 

$

438

 

Interest expense

 

$

124

 

$

(393

)

Total

 

$

 

$

438

 

Total

 

$

124

 

$

(393

)

 

 

 

Amount of Gain Recognized in OCI on
Derivatives
(Effective Portion)

 

Location of Gain (Loss)
Reclassified

 

Amount of Gain (Loss) Reclassified
from
Accumulated OCI into
Income
(Effective Portion)

 

Derivatives in Cash Flow

 

Six Months Ended
June 30,

 

from Accumulated OCI into
Income

 

Six Months Ended
June 30,

 

Hedging Relationships

 

2014

 

2013

 

(Effective Portion)

 

2014

 

2013

 

 

 

(in thousands)

 

 

 

(in thousands)

 

Interest rate contracts**

 

$

 

$

910

 

Interest expense

 

$

249

 

$

(759

)

Total

 

$

 

$

910

 

Total

 

$

249

 

$

(759

)

 

 

*      These amounts are shown net of $0 and $0.5 million of other comprehensive income reclassified to the income statement during the three months ended June 30, 2014 and 2013, respectively.

* *     These amounts are shown net of $0 and $1.0 million of other comprehensive income reclassified to the income statement during the six months ended June 30, 2014 and 2013, respectively.