Interest Rate Swap Agreements (Tables)

12 Months Ended

Dec. 31, 2013

Interest Rate Swap Agreements Designated as Hedge Agreements

Below is a summary of the Company’s interest rate swap agreements, all of which are designated as cash flow hedges, as of December 31, 2013:


Nominal Amount	Effective Date		Pay Rate			Receive Rate		Expiration Date		Current Liability ⁽¹⁾		Long-Term Liability ⁽²⁾		Estimated Total Fair Value at December 31, 2013
$175,000		December 2010		1.3975	%		1-Month LIBOR		September 2015	$	1,943	$	1,195	$	3,138
$175,000		December 2010		1.4000	%		1-Month LIBOR		September 2015		1,984		1,228		3,212
$100,000		November 2011		1.7150	%		1-Month LIBOR		April 2016		1,440		1,386		2,826

$450,000										$	5,367	$	3,809	$	9,176

⁽¹⁾	Included in accrued other current liabilities on the consolidated balance sheet as of December 31, 2013.

⁽²⁾	Included in other long-term liabilities on the consolidated balance sheet as of December 31, 2013.

Interest Rate Swap Agreement

Changes in Accumulated Other Comprehensive Loss, Net of Taxes, Related to Interest Rate Swap Agreements

The changes in accumulated other comprehensive loss, net of taxes, related to the Company’s interest rate swap agreements for the years ended December 31, 2011, 2012 and 2013 were as follows:


	Interest Rate Swap Liabilities
	2011			2012			2013
Beginning balances — January 1	$	(11,726	)	$	(12,357	)	$	(8,867	)

Other comprehensive loss before reclassifications, net of taxes		(18,759	)		(11,959	)		(2,668	)
Amounts reclassified from accumulated other comprehensive loss to interest expense		20,165			15,449			5,819

Net other comprehensive income (loss)		1,406			3,490			3,151
Loss included in earnings		(2,037	)		—			—

Ending balances — December 31	$	(12,357	)	$	(8,867	)	$	(5,716	)