Derivative Financial Instruments - Interest Rate Swap

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivative Financial Instruments - Interest Rate Swap

The Company has an interest rate swap (the "Swap") with Wells Fargo Bank, N.A., pursuant to which the Company swapped the floating rate portion of its outstanding preferred trust securities to a fixed rate. The Swap, which is designated as a cash flow hedge, commenced in June 2012 and expires in June 2017. The following table summarizes the fair value (including accrued interest) and the related outstanding notional amount of the Company's single derivative instrument and indicates where within the Consolidated Balance Sheets each amount is reported:

	Balance Sheet Location	At December 31,
		2013			2012
Derivatives designated as cash flow hedging instruments:
Interest rate swap - notional value		$	35,000		$	35,000
Fair value of the Swap	Accrued expenses, accounts payable and other liabilities	2,930			4,338
Unrealized loss, net of tax, on the fair value of the Swap	AOCI	1,904			2,820
Variable rate of the interest rate swap		0.24		%	0.31		%
Fixed rate of the interest rate swap		3.47		%	3.47		%

The following table summarizes the pretax impact of the Swap on the Consolidated Financial Statements for the following periods:

	For the Years Ended December 31,
	2013		2012			2011
Gain (loss) recognized in AOCI on the derivative-effective portion	$	277	$	(1,007	)	$	(3,601	)
Loss reclassified from AOCI into income-effective portion	$	1,132	$	270		$	—
Gain (loss) recognized in income on the derivative-ineffective portion	$	—	$	—		$	—

The table below shows the estimated amount to be reclassified to earnings from AOCI during the next 12 months. These net losses reclassified into earnings are expected to primarily increase net interest expense related to the respective hedged item.

	At
	December 31, 2013
Estimated loss to be reclassified to earnings from AOCI during the next 12 months	$	1,122