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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
9 Months Ended
Sep. 30, 2012
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Summary of fair value of the Company's derivative financial instruments

 

 

 

September 30,

 

December 31,

 

 

 

2012

 

2011

 

 

 

(In thousands)

 

Interest Rate Swaps

 

$

7,724

 

$

4,367

 

Total derivatives designated as hedging instruments

 

$

7,724

 

$

4,367

 

Summary of effect of the Company's financial instruments on the Condensed Consolidated Statements of Operations

 

 

 

Three months ended September 30,

 

 

 

Three months ended September 30,

 

 

 

2012

 

2011

 

 

 

2012

 

2011

 

Cash Flow Hedges

 

Amount of (Loss)
Recognized in
OCI

 

Amount of Gain
(Loss) Recognized in
OCI

 

Location of Gain
(Loss) Reclassified
from AOCI into
Earnings

 

Amount of (Loss)
Reclassified from
AOCI into Earnings

 

Amount of Gain or
(Loss) Reclassified
from AOCI into
Earnings

 

 

 

(In thousands)

 

 

 

(In thousands)

 

Interest Rate Swaps

 

$

(1,466

)

$

(1,834

)

Interest Expense

 

$

(512

)

$

(205

)

 

 

$

(1,466

)

$

(1,834

)

 

 

$

(512

)

$

(205

)

 

 

 

Nine months ended September 30,

 

 

 

Nine months ended September 30,

 

 

 

2012

 

2011

 

 

 

2012

 

2011

 

Cash Flow Hedges

 

Amount of (Loss)
Recognized in
OCI

 

Amount of Gain
(Loss) Recognized in
OCI

 

Location of Gain
(Loss) Reclassified
from AOCI into
Earnings

 

Amount of (Loss)
Reclassified from
AOCI into Earnings

 

Amount of Gain or
(Loss) Reclassified
from AOCI into
Earnings

 

 

 

(In thousands)

 

 

 

(In thousands)

 

Interest Rate Swaps

 

$

(4,627

)

$

(2,582

)

Interest Expense

 

$

(1,512

)

$

(316

)

 

 

$

(4,627

)

$

(2,582

)

 

 

$

(1,512

)

$

(316

)