XML 27 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Fair Value of Company's Derivative Financial Instruments Classification on Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheet as of December 31, 2013 and 2012:

 

     Asset Derivatives
As of December 31, 2013
     Liability Derivatives
As of December 31, 2012
 
     Balance Sheet
Location
   Fair Value      Balance Sheet
Location
   Fair Value  

Derivatives designated as hedging instruments:

           

Interest rate swaps

   Other assets    $ 71       Other liabilities    $ 1,880   
     

 

 

       

 

 

 

Total derivatives designated as hedging instruments

      $ 71          $ 1,880   
     

 

 

       

 

 

Schedule of Pre-tax Effect of Derivative Financial Instruments on Consolidated Statements of Comprehensive Income

The table below presents the pre-tax effect of the Company’s derivative financial instruments on the consolidated statements of comprehensive income for the years ended December 31, 2013 and 2012:

 

     2013      2012  

Derivatives in Cash Flow Hedging Relationships:

     

Gain (loss) related to effective portion of derivatives recognized in accumulated other comprehensive income

   $ 386       $ (1,522

Gain (loss) related to effective portion of derivatives reclassified from accumulated other comprehensive income to interest expense

   $ 1,511       $ (358

Gain (loss) related to ineffective portion of derivatives recognized in other income (expense)

   $ —         $ —     
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The following table reflects the changes in accumulated other comprehensive income (loss) for the year ended December 31, 2013, net of tax:

 

     Gains (Losses)
on Cash Flow
Hedges
 

Accumulated other comprehensive income (loss):

  

Balance at December 31, 2012

   $ (1,254

Other comprehensive income before reclassifications

     257   

Amounts reclassified from accumulated other comprehensive income to interest expense

     1,008   
  

 

 

 

Unrealized gain on derivatives, net of tax

     1,265   
  

 

 

 

Balance at December 31, 2013

   $ 11