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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)-K
12 Months Ended
Dec. 31, 2014
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

 

 

 

 

 

 

 

 

 

 

As of December 31, 

 

 

    

2014

    

2013

  

 

 

(In thousands)

 

Interest rate swaps

 

$

3,144 

 

$

4,164 

 

Total derivatives designated as hedging instruments

 

$

3,144 

 

$

4,164 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

 

Year Ended December 31, 

 

 

 

2014

 

2013

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Location of Loss

 

Amount of Loss

 

Amount of Loss

 

 

 

Amount of Loss

 

Amount of Gain

 

Reclassified from

 

Reclassified from

 

Reclassified from

 

Cash Flow Hedges

    

Recognized in OCI

    

Recognized in OCI

    

AOCI into Earnings

    

AOCI into Earnings

    

AOCI into Earnings

    

 

 

(In thousands)

 

 

 

(In thousands)

 

Interest rate swaps

 

$

(1,192)

 

$

1,306 

 

Interest expense

 

$

(2,195)

 

$

(1,236)

 

 

 

$

(1,192)

 

$

1,306 

 

 

 

$

(2,195)

 

$

(1,236)