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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
9 Months Ended
Sep. 30, 2013
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Summary of fair value of the Company's derivative financial instruments which are included in accounts payable and accrued liabilities in the Consolidated Balance Sheet

 

 

 

September 30,

 

December 31,

 

 

 

2013

 

2012

 

 

 

(In thousands)

 

Interest Rate Swaps

 

$

4,696

 

$

7,183

 

Total derivatives designated as hedging instruments

 

$

4,696

 

$

7,183

 

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

 

 

 

 

 

 

 

Three Months Ended September 30,

 

 

 

Three Months Ended September 30,

 

Location of Gain

 

2013

 

2012

 

 

 

2013

 

2012

 

(Loss) Reclassified

 

Amount of Gain

 

Amount of (Loss)

 

Cash Flow Hedges

 

Amount of (Loss)
Recognized in OCI

 

Amount of (Loss)
Recognized in OCI

 

from AOCI into
Earnings

 

Reclassified from
AOCI into Earnings

 

Reclassified from
AOCI into Earnings

 

 

 

(In thousands)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate Swaps

 

$

(407

)

$

(1,466

)

Interest Expense

 

$

6

 

$

(512

)

 

 

$

(407

)

$

(1,466

)

 

 

$

6

 

$

(512

)

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

Nine Months Ended September 30,

 

Location of Gain

 

2013

 

2012

 

 

 

2013

 

2012

 

(Loss) Reclassified

 

Amount of (Loss)

 

Amount of (Loss)

 

Cash Flow Hedges

 

Amount of Gain
Recognized in OCI

 

Amount of (Loss)
Recognized in OCI

 

from AOCI into
Earnings

 

Reclassified from
AOCI into Earnings

 

Reclassified from
AOCI into Earnings

 

 

 

(In thousands)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Rate Swaps

 

$

1,079

 

$

(4,627

)

Interest Expense

 

$

(1,041

)

$

(1,512

)

 

 

$

1,079

 

$

(4,627

)

 

 

$

(1,041

)

$

(1,512

)