XML 64 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments; Fair Value (Tables)
6 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table represents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2013, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value:
 
 
 
Amount as of
 
 
 
 
 
 
 
 
 
 
Description
 
6/30/2013
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Swap
 
$
97,000
 
$
-
 
$
97,000
 
$
-
 
Warrant Liability
 
 
702,000
 
 
-
 
 
702,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
799,000
 
$
-
 
$
799,000
 
$
-
 
 
 
 
Amount as of
 
 
 
 
 
 
 
 
 
 
Description
 
6/30/2012
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Swap
 
$
(5,000)
 
$
-
 
$
(5,000)
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
(5,000)
 
$
-
 
$
(5,000)
 
$
-
 
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]
Fair Values of Derivative Instruments in the Statement of Financial Position 
 
 
 
 
Liability Derivatives
 
As of
 
June 30
 
2013
 
2012
 
 
 
Derivatives not
designated as
hedging
instruments under
Statement 133
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
 
 
 
Interest Rate Contracts
 
Accrued Liabilities
 
$
97,000
 
Accrued Liabilities
 
$
(5,000)
 
 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The Effect of Derivative Instruments on the Statement of Financial Performance 
for the 3 month
 
 
 
 
 
 
 
 
 
 
 
 
 
period ending
 
June 30
 
2013
 
2012
 
 
 
Derivatives not
Designated as
Hedging
Instruments
under
Statement 133
 
Location of
Gain (Loss)
Recognized
in Income on
Derivative
 
Amount of Gain
(Loss)
Recognized in
Income on
Derivative
 
Location of
Gain (Loss)
Recognized
in Income on
Derivative
 
Amount of
Gain (Loss)
Recognized in
Income on
Derivative
 
 
 
Interest Rate Contracts
 
Interest Expense
 
$*
(4,000)
 
Interest Expense
 
$
(16,000)
 
*Interest on fixed/variable rate variances
 
 
 
 
 
$
21,000
 
 
 
$
39,000
 
 
The Effect of Derivative Instruments on the Statement of Financial Performance
 
 
 
 
 
 
for the 6 month
 
 
 
 
 
 
 
 
 
 
 
 
 
period ending
 
June 30
 
2013
 
2012
 
 
 
Derivatives not
Designated as
Hedging
Instruments
under
Statement 133
 
Location of
Gain (Loss)
Recognized in
Income on
Derivative
 
Amount of Gain
(Loss) Recognized
in Income on
Derivative
 
Location of
Gain (Loss)
Recognized in
Income on
Derivative
 
Amount of Gain
(Loss)
Recognized in
Income on
Derivative
 
 
 
Interest Rate Contracts
 
Interest Expense
 
$*
(9,000)
 
Interest Expense
 
$
(51,000)
 
*Interest on fixed/variable rate variances
 
 
 
 
 
$
40,000
 
 
 
$
39,000